Wealth Effects LLC Makes New $22.95 Million Investment in Apple Inc. $AAPL

Key Points

• Wealth Effects LLC bought 79,306 Apple shares worth approximately $22.95 million in the second quarter, making Apple its second-largest holding at 6.2% of the portfolio. Institutional investors collectively own 67.73% of Apple’s stock.
• Apple’s latest quarterly results exceeded expectations, with EPS of $2.02 versus the $1.89 consensus and revenue of $109.42 billion, up 16.4% year over year. The company also pays a quarterly dividend of $0.27 per share, yielding 0.3% annually.
• Wall Street remains broadly positive, with an average rating of “Moderate Buy” and an average price target of $338.80, although one senior vice president recently sold shares and valuation remains elevated at roughly 38 times earnings.

Wealth Effects LLC purchased a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 79,306 shares of the iPhone maker's stock, valued at approximately $22,948,000. Apple comprises 6.2% of Wealth Effects LLC's portfolio, making the stock its 2nd largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Sterling Wealth Management Inc. grew its stake in shares of Apple by 0.3% in the second quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker's stock valued at $3,351,000 after buying an additional 30 shares in the last quarter. Evansbrook LLC lifted its position in shares of Apple by 0.4% during the first quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker's stock worth $2,054,000 after purchasing an additional 34 shares in the last quarter. JMG Financial Group Ltd. boosted its stake in shares of Apple by 0.7% in the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock valued at $1,295,000 after purchasing an additional 35 shares during the period. Advocate Investing Services LLC boosted its stake in shares of Apple by 0.5% in the second quarter. Advocate Investing Services LLC now owns 7,847 shares of the iPhone maker's stock valued at $2,271,000 after purchasing an additional 39 shares during the period. Finally, Interactive Financial Advisors Inc. grew its holdings in shares of Apple by 4.0% in the fourth quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock valued at $286,000 after purchasing an additional 40 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apple

In related news, SVP Jennifer Newstead sold 1,438 shares of the stock in a transaction 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 completion of the sale, the senior vice president directly owned 34,352 shares of the company's stock, valued at $10,897,484.96. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 7,194 shares of company stock worth $2,245,142 over the last three months. 0.06% of the stock is owned by company insiders.

Apple Price Performance

Shares of NASDAQ AAPL opened at $333.08 on Tuesday. 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 $235.03 and a twelve month high of $344.57. The stock has a 50 day moving average of $318.61 and a two-hundred day moving average of $293.06. The stock has a market cap of $4.86 trillion, a P/E ratio of 38.20, 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 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 business had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same period last year, the firm posted $1.57 earnings per share. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. On average, research analysts forecast that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed 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 (DPR) is presently 12.39%.

Wall Street Analyst Weigh In

AAPL has been the subject of several recent research reports. DZ Bank cut shares of Apple from a "buy" rating to a "hold" rating and set a $310.00 price target for the company. in a research report on Tuesday, August 4th. Citic Securities upped their price target on Apple from $300.00 to $349.00 in a report on Thursday, August 6th. HSBC restated a "buy" rating and set a $366.00 target price on shares of Apple in a research note on Tuesday, September 8th. Robert W. Baird lifted their price target on shares of Apple from $310.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Finally, Daiwa Securities Group boosted their price target on shares of Apple from $325.00 to $335.00 and gave the stock an "outperform" rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, Apple has an average rating of "Moderate Buy" and an average price target of $338.80.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Analysts remain bullish on the iPhone cycle. Bank of America reaffirmed its Buy rating and $370 price target, citing encouraging iPhone 18 trends and potential artificial-intelligence upside. JPMorgan also maintained a Buy rating, pointing to the longer-term opportunity from the iPhone 18 cycle and foldable Duo. Apple Buy Rating Reaffirmed
• Positive Sentiment: The iPhone Duo is fueling growth expectations. Analysts and industry observers believe Apple’s first foldable iPhone could expand the premium smartphone market, strengthen the product cycle and create a new source of revenue and earnings growth. Can New iPhone Duo Power Apple's Stock Higher?
• Positive Sentiment: Apple’s antitrust exposure has eased. Elon Musk’s X Corp. and SpaceXAI moved to resolve or dismiss their antitrust claims against Apple related to its ChatGPT integration, reducing one legal overhang, although related claims against OpenAI continue. Musk's X Corp and SpaceXAI Resolve Antitrust Lawsuit
• Neutral Sentiment: iPhone 18 Pro pre-orders are sending mixed signals. Delivery estimates are generally shorter than during last year’s iPhone 17 launch, which could indicate softer demand, but may also reflect supply improvements or customers waiting for the iPhone Duo. Apple iPhone 18 Pro Pre-orders Point to Mixed Demand Signals
• Neutral Sentiment: Apple released iOS 27 with a redesigned Siri. The update expands Apple’s AI capabilities, but the initial waitlist and support for existing devices could limit near-term iPhone replacement demand. Apple Releases Redesigned Siri AI
• Negative Sentiment: Valuation and cost risks remain. With Apple trading near its 52-week high at a premium earnings multiple, investors may demand strong Duo adoption. Reports of sharply higher memory prices could pressure hardware margins or force price increases, while OpenAI’s acquisition of an AI-camera startup founded by former Apple employees highlights intensifying competition in AI-enabled devices. Apple CEO Warns of Memory Price Crisis

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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