Uptick Partners LLC Takes $8.14 Million Position in Apple Inc. $AAPL

Key Points

• Uptick Partners LLC purchased 28,148 Apple shares worth approximately $8.14 million during the second quarter, making AAPL its 15th-largest holding and 1.3% of its portfolio.
• Apple reported quarterly earnings of $2.02 per share on $109.42 billion in revenue, exceeding analyst estimates; revenue increased 16.4% year over year.
• Wall Street maintains a “Moderate Buy” consensus rating with an average price target of $340.14, while Apple’s quarterly dividend is $0.27 per share, yielding approximately 0.3%.

Uptick Partners LLC purchased a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 28,148 shares of the iPhone maker's stock, valued at approximately $8,145,000. Apple makes up 1.3% of Uptick Partners LLC's portfolio, making the stock its 15th largest position.

Several other institutional investors have also added to or reduced their stakes in AAPL. Longfellow Investment Management Co. LLC bought a new stake in shares of Apple during the 2nd quarter worth $30,000. Lifetime Wealth Management P.C. bought a new position in Apple in the fourth quarter valued at about $41,000. Ascentis Wealth Management LLC raised its stake in Apple by 822.7% during the second quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker's stock worth $85,000 after acquiring an additional 260,792 shares in the last quarter. Basso Capital Management L.P. bought a new position in shares of Apple in the fourth quarter worth about $88,000. Finally, Bard Associates Inc. acquired a new stake in shares of Apple in the 4th quarter valued at approximately $109,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Down 0.3%

Shares of NASDAQ:AAPL opened at $336.13 on Friday. The firm has a market cap of $4.91 trillion, a P/E ratio of 38.55, a P/E/G ratio of 2.92 and a beta of 1.08. Apple Inc. has a 12-month low of $240.21 and a 12-month high of $344.57. The business has a fifty day simple moving average of $320.24 and a 200 day simple moving average of $294.69. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66.

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

Apple Announces Dividend

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

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Evercore ISI raised its Apple price target to $380 from $365 and maintained an outperform view. A survey of roughly 4,000 consumers indicated a potentially stronger-than-expected iPhone upgrade cycle and a higher average selling price. iPhone 18 Pro Hits Stores Today
• Positive Sentiment: iPhone 18 Pro sales are supported by carrier trade-in promotions. Bank of America said incentives can offset the $100 price increase, reducing the risk that higher prices will weaken demand. Apple’s iPhone 18 Lineup Keeps Bank of America Bullish
• Positive Sentiment: Apple’s ecosystem is gaining additional reach. General Motors plans to restore Apple CarPlay after consumer backlash, while Apple is reportedly preparing an Apple Pay launch in India with Axis Bank. These developments could support services engagement and ecosystem adoption. GM Is Re-downloading Apple CarPlay
• Neutral Sentiment: Initial iPhone 18 Pro demand indicators are mixed. Quick-commerce shortages in India suggest strong localized demand, but UBS cited muted wait times in several major markets. Investors are also assessing whether customers may delay purchases for Apple’s roughly $1,999 foldable iPhone Duo. Apple iPhone 18 Seeing Muted Initial Wait Times
• Negative Sentiment: Risks include premium pricing, valuation and regulatory pressure. Analysts warn that expensive devices could limit adoption in price-sensitive markets such as India. More than 1,600 Italian Apple store employees also struck on launch day, while Apple continues to challenge a potential UK encryption backdoor order and faces European legal scrutiny. Italian Apple Store Employees Strike

Insider Transactions at Apple

In other news, SVP Jennifer Newstead sold 1,439 shares of the business's stock in a transaction that occurred 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 transaction, the senior vice president owned 35,790 shares in the company, valued at approximately $11,345,787.90. The trade was a 3.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 8,632 shares of company stock worth $2,719,955. 0.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Royal Bank Of Canada set a $365.00 price objective on shares of Apple in a research note on Wednesday, July 15th. Rosenblatt Securities reiterated a "neutral" rating and set a $303.00 price target on shares of Apple in a report on Thursday, September 10th. Daiwa Securities Group increased their price target on Apple from $325.00 to $335.00 and gave the company an "outperform" rating in a research note on Tuesday, August 11th. 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. Finally, CICC Research increased their target price on Apple from $310.00 to $340.00 and gave the company an "outperform" rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $340.14.

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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