Worth Financial Advisory Group LLC Acquires 27,999 Shares of Apple Inc. $AAPL

Worth Financial Advisory Group LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 4,794.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 28,583 shares of the iPhone maker’s stock after purchasing an additional 27,999 shares during the period. Apple makes up 3.4% of Worth Financial Advisory Group LLC’s investment portfolio, making the stock its 5th largest holding. Worth Financial Advisory Group LLC’s holdings in Apple were worth $8,271,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Rainier Family Wealth Inc. boosted its holdings in Apple by 14.1% in the 1st quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker’s stock valued at $6,189,000 after purchasing an additional 3,014 shares in the last quarter. Eaton Cambridge Inc. boosted its position in Apple by 21.3% during the first quarter. Eaton Cambridge Inc. now owns 13,968 shares of the iPhone maker’s stock worth $3,545,000 after purchasing an additional 2,450 shares in the last quarter. Torren Management LLC acquired a new stake in Apple in the 4th quarter valued at about $1,178,000. Summit Wealth Partners LLC grew its position in shares of Apple by 108.3% in the first quarter. Summit Wealth Partners LLC now owns 34,989 shares of the iPhone maker’s stock valued at $8,880,000 after purchasing an additional 18,188 shares during the last quarter. Finally, Davis R M Inc. raised its position in shares of Apple by 2.1% during the 1st quarter. Davis R M Inc. now owns 1,151,352 shares of the iPhone maker’s stock worth $292,202,000 after purchasing an additional 23,162 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Down 1.2%

Shares of Apple stock opened at $316.22 on Wednesday. Apple Inc. has a twelve month low of $225.95 and a twelve month high of $344.57. The stock has a market cap of $4.61 trillion, a price-to-earnings ratio of 36.26, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. 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 company has a fifty day moving average price of $316.95 and a 200 day moving average price of $291.35.

Apple (NASDAQ:AAPL) 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. The company had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.57 earnings per share. Equities research analysts forecast that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders 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 dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple’s payout ratio is presently 12.39%.

Insider Buying and Selling at Apple

In related news, insider Ben Borders sold 116 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the sale, the insider directly owned 38,713 shares of the company’s stock, valued at approximately $11,425,754.82. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $456,177.39. Following the sale, the senior vice president directly owned 35,790 shares of the company’s stock, valued at approximately $11,345,787.90. The trade was a 3.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 5,872 shares of company stock valued at $1,823,201 over the last 90 days. Insiders own 0.06% of the company’s stock.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is expected to introduce its first foldable iPhone, alongside the iPhone 18 Pro and Pro Max. Morgan Stanley estimates the foldable could ship about 6.5 million units in the December quarter and generate approximately $14 billion in revenue, creating a potentially significant new growth category. Apple’s foldable iPhone could add $14 billion
• Positive Sentiment: Bank of America maintained a Buy rating and a $380 price target, anticipating a roughly $2,099 foldable model and higher prices for the iPhone 18 Pro lineup. Premium pricing could support revenue and margins if demand holds. Apple’s Wednesday event and Bank of America’s price target
• Positive Sentiment: Apple’s acquisition of Sonera Magnetics, a company developing non-invasive neural-signal sensors, could strengthen its long-term health, wearable and human-computer-interface ambitions. The deal was completed in May but became public through a European Commission notice. Apple Purchases Neural Signal Sensor Company Sonera
• Neutral Sentiment: The launch is also the first major keynote for new CEO John Ternus. Investors will look for evidence that his leadership can accelerate hardware innovation while addressing Apple’s perceived artificial-intelligence shortcomings. Apple’s New CEO Has a Hardware Event and an AI Problem
• Neutral Sentiment: Historical analysis suggests Apple stock often has a muted or mixed reaction after major iPhone reveals, increasing the risk that strong results are already reflected in the valuation. Berkshire Hathaway’s continued large Apple position provides a supportive long-term signal but is not a near-term catalyst. How Apple stock usually reacts to big iPhone reveal events
• Negative Sentiment: AI data-center demand is diverting premium memory capacity away from smartphone components, potentially raising Apple’s costs and pressuring iPhone margins. AI diverts memory from phones
• Negative Sentiment: Huawei and Xiaomi have launched premium foldables ahead of Apple, raising competitive pressure—particularly in China. Analysts also warn that the stock could experience a “sell-the-news” reaction because expectations and valuation are high. Huawei launches a tri-fold smartphone ahead of Apple

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Robert W. Baird increased their price objective on Apple from $310.00 to $330.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. UBS Group reiterated a “neutral” rating on shares of Apple in a report on Friday, July 31st. Bank of America restated a “buy” rating and set a $380.00 price target on shares of Apple in a research note on Thursday, June 18th. Wells Fargo & Company restated an “overweight” rating and issued a $350.00 price objective (up from $310.00) on shares of Apple in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lowered Apple from a “buy” rating to a “hold” rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $331.53.

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.