Uniting Wealth Partners LLC Purchases Shares of 20,038 Apple Inc. $AAPL

Uniting Wealth Partners LLC bought a new position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 20,038 shares of the iPhone maker’s stock, valued at approximately $5,798,000. Apple makes up approximately 1.2% of Uniting Wealth Partners LLC’s investment portfolio, making the stock its 19th largest position.
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Several other hedge funds and other institutional investors have also recently modified their holdings of AAPL. Wealth Effects LLC acquired a new position in shares of Apple in the second quarter valued at $22,948,000. Trivium Point Advisory LLC acquired a new stake in shares of Apple during the 2nd quarter worth about $28,691,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Apple during the 2nd quarter worth about $30,000. Wealthspan Partners LLC bought a new stake in shares of Apple during the 2nd quarter worth about $5,588,000. Finally, Three Arch Wealth Management LLC bought a new stake in shares of Apple during the 2nd quarter worth about $15,131,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Here are the key news stories impacting Apple this week:
• 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.
• 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.
• 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.
• 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 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.
• 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.

Several research firms recently issued reports on AAPL. Oppenheimer restated a “market perform” rating on shares of Apple in a research note on Thursday. Evercore reissued an “outperform” rating on shares of Apple in a research report on Monday. Wells Fargo & Company reissued 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. China Renaissance lowered shares of Apple from a “buy” rating to a “hold” rating and decreased their target price for the stock from $329.00 to $280.00 in a research report on Tuesday, August 4th. Finally, Seaport Research Partners cut shares of Apple from a “buy” rating to a “neutral” rating in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $338.80.

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of the firm’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 sale, the senior vice president 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 sale was disclosed in a filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 7,194 shares of company stock valued at $2,245,142. 0.06% of the stock is owned by corporate insiders.

Shares of AAPL stock opened at $333.08 on Tuesday. Apple Inc. has a fifty-two week low of $235.03 and a fifty-two week high of $344.57. The stock’s fifty day moving average price is $318.61 and its two-hundred day moving average price is $293.06. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The company has a market cap of $4.86 trillion, a PE 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 posted its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company had revenue of $109.42 billion during the quarter, compared to analysts’ expectations of $109.04 billion. During the same quarter in the previous year, the firm earned $1.57 EPS. Apple’s revenue was up 16.4% on a year-over-year basis. Equities analysts predict that Apple Inc. will post 8.74 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors 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 was Monday, August 10th. Apple’s dividend payout ratio is currently 12.39%.

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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