SilverOak Wealth Management LLC Buys 2,534 Shares of Apple Inc. $AAPL

SilverOak Wealth Management LLC raised its stake in Apple Inc. (NASDAQ:AAPL) by 12.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,462 shares of the iPhone maker’s stock after acquiring an additional 2,534 shares during the period. Apple makes up 0.8% of SilverOak Wealth Management LLC’s portfolio, making the stock its 14th biggest position. SilverOak Wealth Management LLC’s holdings in Apple were worth $6,500,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Westfuller Advisors LLC raised its position in shares of Apple by 15.7% in the 2nd quarter. Westfuller Advisors LLC now owns 33,909 shares of the iPhone maker’s stock worth $9,812,000 after purchasing an additional 4,596 shares during the last quarter. Centerpoint Advisory Group grew its position in Apple by 1.1% during the 2nd quarter. Centerpoint Advisory Group now owns 20,646 shares of the iPhone maker’s stock valued at $5,974,000 after purchasing an additional 215 shares during the last quarter. Paragon Advisors LLC increased its stake in Apple by 18.6% during the 2nd quarter. Paragon Advisors LLC now owns 7,113 shares of the iPhone maker’s stock valued at $2,058,000 after purchasing an additional 1,118 shares in the last quarter. Luminvest Wealth Management LLC increased its stake in Apple by 44.2% during the 2nd quarter. Luminvest Wealth Management LLC now owns 2,553 shares of the iPhone maker’s stock valued at $776,000 after purchasing an additional 783 shares in the last quarter. Finally, Stolz & Associates PS raised its holdings in Apple by 44.8% in the second quarter. Stolz & Associates PS now owns 2,863 shares of the iPhone maker’s stock worth $828,000 after buying an additional 886 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Apple news, insider Ben Borders sold 116 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $11,345,787.90. This represents a 3.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 5,872 shares of company stock worth $1,823,201. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the topic of several analyst reports. TD Cowen upped their target price on shares of Apple from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Weiss Ratings raised shares of Apple from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 3rd. Oppenheimer restated a “market perform” rating on shares of Apple in a report on Friday, July 31st. Phillip Securities cut Apple from a “hold” rating to a “moderate sell” rating in a research report on Monday, August 3rd. Finally, Piper Sandler initiated coverage on Apple in a research note on Monday, August 17th. They set an “overweight” rating on the stock. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $330.61.

Apple Stock Performance

Shares of AAPL stock opened at $319.97 on Friday. The company has a 50 day moving average price of $315.65 and a 200-day moving average price of $290.34. Apple Inc. has a 52 week low of $225.95 and a 52 week high of $344.57. The firm has a market capitalization of $4.67 trillion, a PE ratio of 36.69, a P/E/G ratio of 2.77 and a beta of 1.08. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating 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 company had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter in the prior year, the firm earned $1.57 earnings per share. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, equities research analysts expect that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Dividend Announcement

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

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s Sept. 9 product event is generating significant interest under new CEO John Ternus, with expectations for new iPhones, an Apple Watch update and potentially the company’s first foldable iPhone. Citi estimates the foldable device could sell 7.3 million units despite a possible price above $2,000. Citi foldable iPhone sales forecast
• Positive Sentiment: Apple’s latest quarter showed strong momentum, with revenue rising 16.4% year over year and earnings exceeding analyst expectations. Morgan Stanley has also suggested the foldable iPhone could contribute roughly $14 billion in December-quarter revenue if successfully launched. Morgan Stanley foldable iPhone estimate
• Neutral Sentiment: John Ternus has succeeded Tim Cook as CEO, while Cook remains executive chairman. The transition offers continuity through a longtime Apple executive but raises questions about whether Ternus can accelerate Apple’s artificial-intelligence strategy and sustain Cook-era growth. John Ternus becomes Apple CEO
• Negative Sentiment: Reports indicate initial foldable iPhone production was only a few hundred units per day in late August. Tight quality controls and memory shortages could limit launch supply, delay purchases and prevent Apple from fully capturing expected demand. Foldable iPhone production hurdles
• Negative Sentiment: Memory costs have reportedly surged, potentially forcing Apple to raise iPhone prices, absorb lower margins or risk weaker demand. Jefferies has also downgraded AAPL amid skepticism about the foldable product’s market potential. iPhone memory cost concerns
• Negative Sentiment: Apple faces a $2.7 billion UK lawsuit over alleged unfair app-tracking rules and a separate BASF patent lawsuit involving facial-authentication technology, adding regulatory and litigation risk. Apple UK app-tracking lawsuit

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.