First Bancorp Inc ME purchased a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 21,970 shares of the iPhone maker's stock, valued at approximately $6,357,000. Apple makes up 2.5% of First Bancorp Inc ME's portfolio, making the stock its 7th largest position.
A number of other hedge funds have also added to or reduced their stakes in AAPL. Roberts Glore & Co. Inc. IL bought a new position in Apple in the 2nd quarter valued at approximately $18,474,000. PMV Capital Advisers LLC bought a new stake in shares of Apple during the second quarter worth $1,134,000. Valtrion Capital Management LLC bought a new stake in shares of Apple during the second quarter worth $2,716,000. Jupiter Topco LLC acquired a new position in shares of Apple during the second quarter worth $5,378,821,000. Finally, Wedbush Fund Advisers LLC increased its holdings in shares of Apple by 5.4% during the second quarter. Wedbush Fund Advisers LLC now owns 183,300 shares of the iPhone maker's stock worth $53,040,000 after buying an additional 9,414 shares in the last quarter. 67.73% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms recently weighed in on AAPL. Bank of America reissued a "buy" rating and set a $370.00 price objective on shares of Apple in a report on Wednesday. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of Apple in a report on Monday, September 21st. Maxim Group increased their target price on Apple from $350.00 to $380.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Arete Research lifted their price target on Apple from $305.00 to $335.00 and gave the company a "buy" rating in a research note on Wednesday, June 24th. Finally, Raymond James Financial restated a "market perform" rating on shares of Apple in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $340.14.
Read Our Latest Report on Apple
Insider Activity at Apple
In related news, SVP Jennifer Newstead sold 2,399 shares of Apple stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $340.06, for a total value of $815,803.94. Following the transaction, the senior vice president directly owned 44,391 shares of the company's stock, valued at $15,095,603.46. The trade was a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 11,031 shares of company stock valued at $3,535,759 over the last quarter. 0.06% of the stock is owned by insiders.
Apple Stock Performance
NASDAQ AAPL opened at $341.07 on Friday. The company has a market capitalization of $4.98 trillion, a price-to-earnings ratio of 39.11, a PEG ratio of 2.96 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 Inc. has a twelve month low of $243.42 and a twelve month high of $345.34. The stock has a fifty day simple moving average of $321.56 and a 200 day simple moving average of $297.37.
Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS 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 the consensus estimate of $109.04 billion. During the same period in the previous year, the business earned $1.57 EPS. The business's quarterly revenue was up 16.4% compared to the same quarter last year. Sell-side analysts expect that Apple Inc. will post 8.74 EPS for the current year.
Apple Dividend Announcement
The business also recently disclosed 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 was Monday, August 10th. Apple's dividend payout ratio (DPR) is 12.39%.
Key Headlines Impacting Apple
Here are the key news stories impacting Apple this week:
- Positive Sentiment: iPhone 18 demand remains encouraging. Long lines in India and strong interest in the iPhone 18 Pro and Pro Max suggest Apple’s premium pricing is holding up in an important growth market. Evercore ISI raised its price target to $380 from $365 while maintaining an outperform rating. Apple iPhone demand in India
- Positive Sentiment: Momentum and technical positioning remain supportive. AAPL has gained roughly 10% over the past month and is approaching a potential buy point, helping sustain investor interest. Bank of America and JPMorgan have reiterated bullish ratings, while several analysts maintain targets above the current trading range. Apple stock approaches buy point
- Neutral Sentiment: Apple is expanding its product ecosystem. The company plans a refreshed HomePod mini, while reports suggest it may develop its own AI server chips. These initiatives could support future ecosystem engagement and infrastructure efficiency, but they are not yet material earnings drivers. Apple to release new HomePod mini
- Negative Sentiment: Rising component costs could pressure margins. Bernstein warned that surging memory and other smartphone component costs may weigh on gross margins and earnings in the December quarter, particularly as Apple introduces more expensive iPhones. Apple’s expensive new iPhones and margins
- Negative Sentiment: Valuation and AI execution remain key risks. At nearly $5 trillion in market value and about 38–39 times earnings, Apple requires continued earnings growth to justify its valuation. Analysts argue Alphabet’s Gemini ecosystem and monetization progress currently give it an edge in consumer AI, while Meta’s AI devices add competitive pressure. Alphabet versus Apple in consumer AI
- Negative Sentiment: Legal and product issues add uncertainty. A judge certified a class of payment card issuers in an Apple Pay antitrust lawsuit alleging improper fees. Separately, Apple is preparing a software fix for an iPhone 18 Pro reboot problem. Apple Pay class-action lawsuit
About Apple
(
Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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