Professional Financial Solutions LLC ADV Takes $1.77 Million Position in Apple Inc. $AAPL

Key Points

• Professional Financial Solutions LLC ADV purchased 6,115 Apple shares worth approximately $1.77 million, making Apple its third-largest holding at 1.4% of the portfolio. Institutional investors collectively own 67.73% of Apple.
• Apple reported quarterly earnings of $2.02 per share and revenue of $109.42 billion, exceeding analyst expectations, while revenue increased 16.4% year over year. The company also declared a quarterly dividend of $0.27 per share.
• Apple shares opened at $331.34, near the upper end of their 12-month range, with analysts holding a “Moderate Buy” consensus and an average price target of $338.80, despite differing ratings and recent insider selling.

Professional Financial Solutions LLC ADV purchased a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,115 shares of the iPhone maker's stock, valued at approximately $1,769,000. Apple comprises about 1.4% of Professional Financial Solutions LLC ADV's investment portfolio, making the stock its 3rd biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Oak Barrel Wealth Advisory LLC acquired a new stake in shares of Apple during the second quarter valued at about $4,911,000. Pursue Wealth Partners LLC purchased a new stake in shares of Apple during the second quarter worth $4,524,000. Phillips Wealth Planners LLC purchased a new position in shares of Apple in the 2nd quarter valued at about $2,011,000. Rice Hall James & Associates LLC acquired a new stake in Apple in the second quarter valued at approximately $655,000. Finally, Trust Co. of Vermont acquired a new stake in shares of Apple in the 2nd quarter valued at $169,311,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Stock Down 0.5%

AAPL opened at $331.34 on Wednesday. Apple Inc. has a 12 month low of $236.32 and a 12 month high of $344.57. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The business has a 50-day moving average of $319.02 and a two-hundred day moving average of $293.47. The stock has a market capitalization of $4.84 trillion, a price-to-earnings ratio of 38.00, a price-to-earnings-growth ratio of 2.89 and a beta of 1.08.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. During the same period last year, the business posted $1.57 EPS. The company's quarterly revenue was up 16.4% compared to the same quarter last year. On average, research analysts expect that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's payout ratio is 12.39%.

Insider Activity

In other Apple news, SVP Jennifer Newstead sold 1,438 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $317.23, for a total transaction of $456,176.74. Following the sale, the senior vice president owned 34,352 shares in the company, valued at $10,897,484.96. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders have sold 7,194 shares of company stock valued at $2,245,142. Corporate insiders own 0.06% of the company's stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s new iPhone Duo foldable is generating significant investor interest. Analysts and commentators including Jim Cramer and Gary Black believe demand could be substantial, while some coverage suggests the device could expand Apple’s addressable market and support a longer-term upgrade cycle. Jim Cramer on Apple foldable demand
• Positive Sentiment: Several analysts remain bullish. Bank of America reiterated a Buy rating with a $370 price target, JPMorgan reaffirmed its Buy rating, and Morgan Stanley reportedly increased its conviction as Apple’s hardware and AI offerings become more compelling. Bank of America Apple rating
• Positive Sentiment: Apple had a record Emmy performance, taking home the most awards and strengthening Apple TV+’s position in streaming. The recognition could support customer engagement and Apple’s services strategy, although the direct financial effect is difficult to quantify. Apple Emmy coverage
• Neutral Sentiment: Early iPhone 18 Pro delivery times are shorter than last year’s, producing mixed interpretations: they may indicate softer demand, or consumers may be waiting for the foldable Duo. Apple’s stock is also roughly 4% below its recent high, limiting the margin for disappointment.
• Negative Sentiment: Reports describe iPhone 18 Pro demand as lukewarm, with shorter lead times and some indications of surprisingly weak preorders. Investors are concerned that the standard premium iPhone cycle may not justify Apple’s valuation. Apple iPhone 18 Pro demand
• Negative Sentiment: The redesigned Siri is launching under a beta label with language, regional, device and waitlist restrictions. Reported usage caps and response times of five to 15 seconds could delay the expected AI-driven upgrade cycle. Apple Siri AI rollout
• Negative Sentiment: India’s consumer regulator escalated an investigation into Apple’s software warranty terms and repair costs, creating potential regulatory, reputational and financial risk in an important growth market. India investigation into Apple

Analysts Set New Price Targets

AAPL has been the subject of several recent analyst reports. Barclays restated an "underweight" rating and set a $245.00 price objective (down from $253.00) on shares of Apple in a research report on Friday, July 31st. Daiwa Securities Group lifted their target price on Apple from $325.00 to $335.00 and gave the company an "outperform" rating in a research note on Tuesday, August 11th. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Apple in a report on Wednesday, September 9th. Maxim Group lifted their price objective on shares of Apple from $350.00 to $380.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Finally, Argus boosted their target price on Apple from $325.00 to $375.00 in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $338.80.

About Apple

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its principal products include the iPhone, Mac computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware products.

Apple's services business includes the App Store, Apple Music, Apple TV, Apple Arcade, Apple Fitness+, Apple News+, Apple Pay and iCloud. These services provide digital content, payments, cloud storage and subscription offerings across the company's ecosystem of devices.

Founded in 1976, Apple is headquartered in Cupertino, California, and serves consumers, businesses, educational institutions and government customers worldwide.

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