Steelhead Wealth Management LLC Purchases Shares of 4,072 Apple Inc. $AAPL

Key Points

• Steelhead Wealth Management acquired 4,072 Apple shares in the first quarter, worth approximately $1.03 million. Institutional investors collectively own 67.73% of AAPL.
• Apple reported a strong June quarter, with revenue up 16.4% year over year to $109.42 billion and EPS of $2.02, beating analyst expectations.
• Analyst views remain mixed: Apple has a consensus “Moderate Buy” rating and an average price target of $328.60, while Jefferies downgraded the stock to “Underperform” amid concerns over iPhone pricing power and rising component costs.

Steelhead Wealth Management LLC bought a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,072 shares of the iPhone maker's stock, valued at approximately $1,033,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Lifetime Wealth Management P.C. acquired a new position in Apple during the fourth quarter worth $41,000. ROSS JOHNSON & Associates LLC boosted its stake in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after purchasing an additional 180 shares in the last quarter. LSV Asset Management acquired a new stake in shares of Apple in the 4th quarter valued at $65,000. Timmons Wealth Management LLC acquired a new stake in shares of Apple in the 4th quarter valued at $69,000. Finally, Inspire Investing LLC bought a new stake in shares of Apple in the 4th quarter worth about $76,000. Institutional investors own 67.73% of the company's stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s latest quarter was its strongest June quarter on record, with revenue rising 16.4% year over year to $109.42 billion and earnings per share of $2.02, ahead of Wall Street expectations. Some investors and analysts, including Gene Munster, view the recent weakness as an attractive accumulation opportunity and anticipate a substantial iPhone upgrade cycle. Apple’s Dip Below $310 is a Great Accumulation Opportunity
• Positive Sentiment: Apple is reportedly exploring alternative memory suppliers, including China’s CXMT, as artificial-intelligence demand tightens global DRAM supplies. Diversifying procurement could help reduce shortages and limit production disruptions, although U.S. restrictions may constrain the opportunity. Apple tests China’s CXMT memory chips
• Neutral Sentiment: Apple is participating in efforts to make AI-generated content traceable, potentially strengthening platform trust and content provenance over time. The initiative is strategically relevant but is unlikely to materially affect near-term earnings. Tech’s Big Push to Make AI Content Traceable
• Neutral Sentiment: Apple Pay and Wallet chief Jennifer Bailey is retiring, creating another senior leadership transition. The impact depends on the successor and execution in financial services. Jennifer Bailey retires
• Negative Sentiment: Jefferies downgraded AAPL from Hold to Underperform and cut its price target to $263.66 from $285.56. The firm cited supply-chain checks suggesting Apple may have abandoned a high-end all-glass iPhone, weakening the case for significantly higher average selling prices. Bloomberg separately reported that the 2027 device may still be on track, leaving uncertainty rather than confirmation. Jefferies downgrades Apple
• Negative Sentiment: Surging memory and storage costs could raise iPhone production expenses by roughly 38%, forcing Apple to choose between higher prices that could pressure demand and lower margins. Reports that iPhone prices have already increased by as much as $300 are intensifying concerns about consumer affordability and pricing power. Apple’s Next iPhone Could Test Pricing Power
• Negative Sentiment: Analyst confidence has cooled despite strong revenue growth, with investors questioning whether Apple can sustain premium-device growth at its roughly $4.45 trillion valuation, particularly as Nvidia and other AI leaders capture more market enthusiasm.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AAPL. KeyCorp reissued an "underweight" rating and set a $250.00 price target on shares of Apple in a report on Tuesday, July 28th. Jefferies Financial Group cut shares of Apple from a "buy" rating to an "underperform" rating and decreased their price objective for the stock from $285.56 to $263.66 in a research note on Monday. Maxim Group reaffirmed a "buy" rating and set a $350.00 price objective (up from $310.00) on shares of Apple in a report on Tuesday, June 9th. Wells Fargo & Company reiterated an "overweight" rating and issued a $350.00 target price (up from $310.00) on shares of Apple in a research note on Friday, July 31st. Finally, BNP Paribas Exane raised Apple from a "neutral" rating to an "outperform" rating and set a $300.00 target price on the stock in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Apple presently has a consensus rating of "Moderate Buy" and an average price target of $328.60.

Insider Transactions at Apple

In other Apple news, insider Ben Borders sold 116 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider directly owned 38,713 shares in the company, valued at approximately $11,425,754.82. This trade represents a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.06% of the company's stock.

Apple Trading Down 1.1%

AAPL opened at $304.91 on Wednesday. Apple Inc. has a 1-year low of $223.78 and a 1-year high of $344.57. The stock has a market capitalization of $4.45 trillion, a PE ratio of 34.97, a PEG ratio of 2.64 and a beta of 1.09. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $309.28 and a two-hundred day moving average price of $284.26.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same period in the prior year, the business earned $1.57 earnings per share. Apple's quarterly revenue was up 16.4% on a year-over-year basis. As a group, equities analysts anticipate that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.4%. Apple's dividend payout ratio is currently 12.39%.

About Apple

Apple Inc NASDAQ: AAPL is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple's principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

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