Invictus Private Wealth LLC Has $57.68 Million Position in Apple Inc. $AAPL

Invictus Private Wealth LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 199,329 shares of the iPhone maker’s stock after selling 1,666 shares during the quarter. Apple makes up about 3.1% of Invictus Private Wealth LLC’s investment portfolio, making the stock its 7th largest position. Invictus Private Wealth LLC’s holdings in Apple were worth $57,678,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AAPL. Lifetime Wealth Management P.C. bought a new stake in Apple during the 4th quarter worth approximately $41,000. ROSS JOHNSON & Associates LLC raised its position in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after buying an additional 180 shares during the last quarter. LSV Asset Management acquired a new position in Apple during the 4th quarter worth approximately $65,000. Timmons Wealth Management LLC bought a new position in shares of Apple during the 4th quarter worth approximately $69,000. Finally, Inspire Investing LLC bought a new stake in shares of Apple in the fourth quarter worth $76,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Orderly CEO succession: Tim Cook is leaving the CEO role after 15 years but will remain Apple’s executive chairman. Cook strongly endorsed successor John Ternus, a longtime hardware leader, potentially reducing fears of an abrupt management break. Tim Cook’s parting message: Apple is in the hands of a product builder
• Positive Sentiment: Product catalysts ahead: Apple’s first major product event under Ternus is expected September 9, with reports pointing to new iPhones and a possible foldable model. Strong iPhone demand, potential iOS market-share gains and rising interest in Mac hardware for AI workloads could support future revenue. Apple Valuation Nears $5T as John Ternus Steps Up as New CEO
• Neutral Sentiment: Strong track record and support: Cook’s tenure produced substantial shareholder gains, while Apple’s latest quarter delivered revenue growth and an earnings beat. Analysts’ median price target remains above the current quotation, although the stock’s elevated valuation leaves less room for disappointment.
• Negative Sentiment: AI strategy concerns: Ternus inherits an artificial-intelligence strategy that relies heavily on outside partners, leaving Apple behind leading rivals in some areas. Investors will look for evidence that the new CEO can accelerate AI-powered Siri and on-device capabilities. Apple’s New CEO Inherits an AI Strategy Built on Outsiders
• Negative Sentiment: Execution and valuation risks: Commentators warn that App Store pressure, supply-chain challenges, potential memory-cost inflation and a trailing P/E near 37 make Apple vulnerable if the September launch disappoints. Apple TV+’s latest price increase could also slow subscriber growth. Apple Is Facing One of Its Most Challenging Times in a Decade

Insider Activity at Apple

In other news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $310.95, for a total transaction of $447,457.05. Following the completion of the sale, the senior vice president directly owned 37,229 shares in the company, valued at $11,576,357.55. This represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ben Borders sold 116 shares of the company’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 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 SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 4,433 shares of company stock valued at $1,367,024. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on AAPL. JPMorgan Chase & Co. decreased their price objective on Apple from $345.00 to $340.00 and set an “overweight” rating for the company in a report on Friday, July 31st. China Renaissance lowered shares of Apple from a “buy” rating to a “hold” rating and set a $280.00 price objective on the stock. in a research note on Tuesday, August 4th. Bank of America reissued a “buy” rating and set a $380.00 price target on shares of Apple in a research report on Thursday, June 18th. Robert W. Baird lifted their target price on Apple from $310.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Apple from a “buy” rating to a “hold” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $330.53.

Apple Price Performance

AAPL stock traded down $5.57 during mid-day trading on Monday, hitting $314.13. The stock had a trading volume of 15,789,602 shares, compared to its average volume of 49,966,969. The firm has a fifty day simple moving average of $312.24 and a 200 day simple moving average of $288.52. The firm has a market capitalization of $4.58 trillion, a P/E ratio of 36.02, a P/E/G ratio of 2.74 and a beta of 1.09. 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 52 week low of $225.95 and a 52 week high of $344.57.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $109.42 billion for the quarter, compared to analysts’ expectations of $109.04 billion. During the same quarter in the previous year, the business posted $1.57 earnings per share. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. As a group, research analysts forecast that Apple Inc. will post 8.76 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were issued a $0.27 dividend. 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 presently 12.39%.

Apple Company Profile

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.