Wilkinson Global Asset Management LLC Takes $72.69 Million Position in Apple Inc. $AAPL

Wilkinson Global Asset Management LLC purchased a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 251,208 shares of the iPhone maker's stock, valued at approximately $72,690,000. Apple makes up 5.8% of Wilkinson Global Asset Management LLC's investment portfolio, making the stock its 5th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Lynch Asset Management Inc. acquired a new position in Apple in the 2nd quarter worth $11,488,000. Dodds Wealth LLC acquired a new stake in shares of Apple during the second quarter valued at about $3,873,000. SCS Capital Management LLC purchased a new stake in shares of Apple during the second quarter worth about $55,119,000. CORDA Investment Management LLC. increased its position in shares of Apple by 1.4% during the second quarter. CORDA Investment Management LLC. now owns 186,531 shares of the iPhone maker's stock worth $53,975,000 after acquiring an additional 2,621 shares during the last quarter. Finally, Stonehaven Wealth & Tax Solutions LLC acquired a new position in shares of Apple in the second quarter worth about $1,448,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Stock Performance

NASDAQ:AAPL opened at $332.27 on Monday. Apple Inc. has a 12-month low of $229.02 and a 12-month high of $344.57. The firm has a market capitalization of $4.85 trillion, a P/E ratio of 38.10, a P/E/G ratio of 2.89 and a beta of 1.08. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The business has a 50 day simple moving average of $318.20 and a 200 day simple moving average of $292.63.

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

Apple Dividend Announcement

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

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: iPhone Duo creates a potential new growth cycle. Apple’s $1,999 foldable iPhone, scheduled to arrive October 23, could drive upgrades, deepen ecosystem engagement and add a high-margin premium product category. Some analysts believe foldables could eventually account for 10% to 20% of iPhone revenue. How Wall Street viewed Apple's foldable iPhone
• Positive Sentiment: Analysts see renewed hardware momentum. Alongside the Duo, Apple unveiled the iPhone 18 Pro lineup, new Apple Watch models, AirPods 5 and expanded Siri AI features. TD Cowen maintained a Buy rating with a $400 target, supporting the bullish reaction. TD Cowen reiterates Buy rating
• Positive Sentiment: Carrier promotions could reduce sticker-price resistance. T-Mobile, AT&T and Verizon are offering installment and trade-in incentives for the expensive Duo, potentially broadening access without an immediate industrywide price war. Wireless carrier promotions
• Neutral Sentiment: Wall Street remains divided. Bank of America retained a Buy rating but lowered its price target to $370, while Rosenblatt kept a Neutral rating and $303 target. The debate centers on Duo demand, supply constraints, valuation and the durability of the upgrade cycle.
• Negative Sentiment: Margin pressure remains the main risk. Apple raised iPhone Pro prices by $100, but memory and other component costs are rising rapidly. Management has already guided to lower gross margins, raising concerns that pricing may not fully offset higher costs. Apple margin pressure from memory costs
• Negative Sentiment: Premium valuation and competition limit upside. Apple trades near the upper end of its historical earnings multiple, while Huawei, Xiaomi and Samsung remain strong competitors in China and the foldable market.
• Negative Sentiment: Insider selling is a modest cautionary signal. SVP Jennifer Newstead sold approximately $456,000 of stock, reducing her direct holdings by about 4%, although she retains a substantial position.

Insider Activity at Apple

In related news, insider Ben Borders sold 116 shares of the firm's stock in a transaction that occurred 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 sale, the insider directly owned 38,713 shares in the company, valued at $11,425,754.82. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 transaction, the senior vice president directly owned 35,790 shares in the company, valued at $11,345,787.90. This trade represents a 3.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 7,310 shares of company stock valued at $2,279,378. Insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on AAPL shares. KeyCorp reiterated an "underweight" rating on shares of Apple in a research note on Friday, September 4th. Oppenheimer reissued a "market perform" rating on shares of Apple in a research report on Thursday. Rosenblatt Securities restated a "neutral" rating and issued a $303.00 target price on shares of Apple in a research note on Thursday. Citigroup reaffirmed a "buy" rating on shares of Apple in a research report on Thursday. Finally, Jefferies Financial Group reissued an "underperform" rating on shares of Apple in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, Apple currently has a consensus rating of "Moderate Buy" and an average target price of $334.91.

Apple 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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