Quadcap Wealth Management LLC Buys 2,069 Shares of Apple Inc. $AAPL

Key Points

• Quadcap Wealth Management increased its Apple stake by 2.1% in the second quarter, acquiring 2,069 additional shares. The fund now owns 101,357 shares valued at approximately $29.3 million, representing 2.9% of its portfolio.
• Institutional investors and hedge funds collectively own 67.73% of Apple’s outstanding shares, with several firms also expanding their positions during the quarter.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, exceeding analyst expectations, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $334.91.

Quadcap Wealth Management LLC boosted its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 101,357 shares of the iPhone maker's stock after acquiring an additional 2,069 shares during the period. Apple comprises approximately 2.9% of Quadcap Wealth Management LLC's portfolio, making the stock its 4th largest position. Quadcap Wealth Management LLC's holdings in Apple were worth $29,329,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. BOCHK Asset Management Ltd grew its holdings in shares of Apple by 10.6% during the second quarter. BOCHK Asset Management Ltd now owns 131,950 shares of the iPhone maker's stock worth $38,181,000 after purchasing an additional 12,650 shares during the last quarter. Ferguson Johnson Wealth Management Inc boosted its position in shares of Apple by 2.5% in the 2nd quarter. Ferguson Johnson Wealth Management Inc now owns 5,266 shares of the iPhone maker's stock valued at $1,523,000 after purchasing an additional 130 shares during the period. Becker Capital Management Inc. boosted its position in shares of Apple by 3.6% in the 2nd quarter. Becker Capital Management Inc. now owns 635,045 shares of the iPhone maker's stock valued at $183,757,000 after purchasing an additional 22,111 shares during the period. JMG Financial Group Ltd. grew its stake in Apple by 70.5% during the 2nd quarter. JMG Financial Group Ltd. now owns 8,701 shares of the iPhone maker's stock worth $2,518,000 after buying an additional 3,599 shares during the last quarter. Finally, Evolution Advisers Inc. grew its stake in Apple by 0.8% during the 2nd quarter. Evolution Advisers Inc. now owns 5,442 shares of the iPhone maker's stock worth $1,574,000 after buying an additional 43 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Stock Up 3.6%

Apple stock opened at $326.57 on Friday. The stock has a 50 day moving average of $317.73 and a two-hundred day moving average of $292.17. Apple Inc. has a twelve month low of $226.65 and a twelve month high of $344.57. The stock has a market capitalization of $4.77 trillion, a price-to-earnings ratio of 37.45, a PEG ratio of 2.73 and a beta of 1.08. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating 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 business had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same quarter in the previous year, the company posted $1.57 earnings per share. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, research analysts expect that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Dividend Announcement

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

Analyst Ratings Changes

AAPL has been the subject of a number of research reports. Wedbush reiterated an "outperform" rating and issued a $400.00 price objective on shares of Apple in a research note on Friday, June 5th. The Goldman Sachs Group assumed coverage on shares of Apple in a research report on Monday, August 17th. They set a "buy" rating on the stock. Weiss Ratings raised shares of Apple from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, August 3rd. Raymond James Financial reiterated a "market perform" rating on shares of Apple in a research report on Friday, July 31st. Finally, Bank of America reiterated a "buy" rating and set a $370.00 price target (down from $380.00) on shares of Apple in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and an average price target of $334.91.

Insider Buying and Selling at Apple

In other news, SVP Jennifer Newstead sold 1,439 shares of the firm's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $317.01, for a total value of $456,177.39. Following the completion of the sale, the senior vice president owned 35,790 shares in the company, valued at approximately $11,345,787.90. This trade represents a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ben Borders sold 116 shares of Apple stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the sale, the insider directly owned 38,713 shares in the company, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 7,310 shares of company stock worth $2,279,378 over the last three months. 0.06% of the stock is currently owned by corporate insiders.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: iPhone Duo creates a potential new growth cycle. Apple unveiled its first foldable smartphone, the $1,999 iPhone Duo, which is scheduled to reach stores October 23. Analysts believe the device could stimulate upgrades, expand ecosystem engagement and add a significant premium-revenue stream. Some bullish estimates suggest foldables could eventually represent 10% to 20% of iPhone revenue. How Wall Street viewed Apple's foldable iPhone
• Positive Sentiment: Investors viewed the launch as evidence of renewed hardware innovation under CEO John Ternus. Alongside the Duo, Apple introduced the iPhone 18 Pro models, new Apple Watches, AirPods 5 and expanded Siri AI features. TD Cowen maintained a Buy rating with a $400 price target, while Citi and other analysts also remained constructive. TD Cowen reiterates Buy rating
• Positive Sentiment: Carrier promotions may improve affordability. T-Mobile, AT&T and Verizon are introducing installment and trade-in offers for the expensive Duo, potentially reducing sticker-price resistance without triggering an industrywide price war. Wireless carrier promotions
• Neutral Sentiment: Wall Street remains divided. Bank of America kept its Buy rating but reduced its price target to $370, citing an earnings tradeoff, while Rosenblatt retained a $303 Neutral target. The key questions are demand, supply constraints and whether premium pricing offsets higher component costs.
• Negative Sentiment: Margin pressure is a major risk. Apple raised iPhone Pro prices by $100, but memory and other component costs are rising rapidly. Analysts warn that the price increases may not fully protect profitability, particularly during the initial foldable launch period.
• Negative Sentiment: China presents a tougher competitive backdrop. Apple’s new CEO faces stronger local rivals, including Huawei, and uncertainty over whether the Duo can regain momentum in China. The broader market also faced pressure from surging oil prices and Treasury yields, increasing the risk of multiple compression.
• Negative Sentiment: Insider selling adds a modest cautionary signal. SVP Jennifer Newstead sold 1,438 shares for approximately $456,000, reducing her direct ownership by about 4%, though she continues to hold a substantial position.

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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