Pursue Wealth Partners LLC Invests $4.52 Million in Apple Inc. $AAPL

Pursue Wealth Partners LLC purchased a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 15,633 shares of the iPhone maker's stock, valued at approximately $4,524,000. Apple comprises approximately 2.5% of Pursue Wealth Partners LLC's portfolio, making the stock its 15th largest position.

Several other institutional investors have also recently bought and sold shares of AAPL. Prospect Hill Management LLC acquired a new stake in shares of Apple in the second quarter valued at approximately $146,370,000. Focus Partners Advisor Solutions LLC bought a new position in shares of Apple in the 2nd quarter valued at about $168,646,000. Baron Silver Stevens Financial Advisors LLC boosted its stake in Apple by 65.6% in the second quarter. Baron Silver Stevens Financial Advisors LLC now owns 66,717 shares of the iPhone maker's stock valued at $19,305,000 after acquiring an additional 26,418 shares during the last quarter. Rainier Family Wealth Inc. grew its holdings in Apple by 14.1% during the 1st quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker's stock worth $6,189,000 after acquiring an additional 3,014 shares during the period. Finally, Eaton Cambridge Inc. raised its position in shares of Apple by 21.3% during the 1st quarter. Eaton Cambridge Inc. now owns 13,968 shares of the iPhone maker's stock valued at $3,545,000 after acquiring an additional 2,450 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Apple Price Performance

Shares of AAPL opened at $331.34 on Wednesday. The stock has a 50 day simple moving average of $319.02 and a 200 day simple moving average of $293.47. Apple Inc. has a 52-week low of $236.32 and a 52-week high of $344.57. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The firm has a market capitalization of $4.84 trillion, a PE ratio of 38.00, a P/E/G ratio of 2.89 and a beta of 1.08.

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

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were issued a dividend of $0.27 per share. 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 dividend payout ratio (DPR) is presently 12.39%.

Analysts Set New Price Targets

A number of research firms recently commented on AAPL. JPMorgan Chase & Co. reiterated a "buy" rating on shares of Apple in a report on Sunday. KeyCorp restated an "underweight" rating on shares of Apple in a research report on Friday, September 4th. UBS Group reaffirmed a "neutral" rating on shares of Apple in a research note on Thursday, September 10th. Rothschild & Co Redburn set a $400.00 price target on shares of Apple and gave the company a "buy" rating in a research report on Monday, August 17th. Finally, Evercore reissued an "outperform" rating on shares of Apple in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $338.80.

Insider Buying and Selling

In related news, SVP Jennifer Newstead sold 1,438 shares of the business's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $317.23, for a total value of $456,176.74. Following the sale, the senior vice president directly owned 34,352 shares of the company's stock, valued at approximately $10,897,484.96. The trade was a 4.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 7,194 shares of company stock valued at $2,245,142. Insiders own 0.06% of the company's stock.

More Apple News

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

Apple Company Profile

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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