UP Strategic Wealth Investment Advisors LLC Invests $6.83 Million in Apple Inc. $AAPL

UP Strategic Wealth Investment Advisors LLC bought a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,972 shares of the iPhone maker's stock, valued at approximately $6,833,000. Apple makes up approximately 4.1% of UP Strategic Wealth Investment Advisors LLC's holdings, making the stock its 6th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Apple during the 2nd quarter worth about $10,588,946,000. Vanguard Group Inc. raised its position in shares of Apple by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock valued at $387,749,545,000 after buying an additional 26,856,752 shares during the last quarter. Diamant Asset Management Inc. raised its position in shares of Apple by 24,974.3% in the first quarter. Diamant Asset Management Inc. now owns 26,614,323 shares of the iPhone maker's stock valued at $6,754,449,000 after buying an additional 26,508,181 shares during the last quarter. Amundi grew its stake in Apple by 23.2% in the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after acquiring an additional 13,780,080 shares during the period. Finally, Ascentis Wealth Management LLC grew its stake in Apple by 27,622.7% in the 2nd quarter. Ascentis Wealth Management LLC now owns 8,788,371 shares of the iPhone maker's stock worth $2,543,003,000 after acquiring an additional 8,756,670 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of recent analyst reports. Seaport Research Partners lowered Apple from a "buy" rating to a "neutral" rating in a research note on Monday, August 17th. Jefferies Financial Group reiterated an "underperform" rating on shares of Apple in a report on Wednesday, September 9th. The Goldman Sachs Group assumed coverage on shares of Apple in a research report on Monday, August 17th. They issued a "buy" rating on the stock. Raymond James Financial reissued a "market perform" rating on shares of Apple in a research note on Friday, July 31st. Finally, Sanford C. Bernstein upped their price objective on Apple from $350.00 to $370.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $338.80.

Apple Price Performance

Shares of AAPL stock opened at $331.34 on Wednesday. The company has a market capitalization of $4.84 trillion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 2.89 and a beta of 1.08. The firm has a fifty day simple moving average of $319.02 and a 200-day simple moving average of $293.47. 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 Inc. has a twelve month low of $236.32 and a twelve month high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (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 firm's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.57 EPS. Equities research analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Insiders Place Their Bets

In other Apple news, SVP Jennifer Newstead sold 1,438 shares of Apple 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 directly owned 34,352 shares in the company, valued at $10,897,484.96. The trade was a 4.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 7,194 shares of company stock worth $2,245,142. 0.06% of the stock is owned by company insiders.

Apple News Roundup

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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