6,998 Shares in Apple Inc. $AAPL Acquired by Burr Financial Services LLC

Key Points

• Burr Financial Services LLC acquired 6,998 Apple shares worth approximately $2.03 million in the second quarter, making Apple 1.3% of its portfolio and its 14th-largest holding.
• Institutional investors own 67.73% of Apple, with major firms including Vanguard, Nuveen, Amundi, Fisher Asset Management and Dimensional Fund Advisors increasing their stakes. Apple insiders own just 0.06% of the company, while insiders sold 8,632 shares during the quarter.
• Analysts maintain a broadly positive view, giving Apple a consensus rating of “Moderate Buy” and an average price target of $340.14. The company recently exceeded quarterly earnings and revenue expectations, reporting $2.02 in EPS and $109.42 billion in revenue.

Burr Financial Services LLC acquired a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,998 shares of the iPhone maker's stock, valued at approximately $2,025,000. Apple makes up 1.3% of Burr Financial Services LLC's investment portfolio, making the stock its 14th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Apple by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock valued at $387,749,545,000 after acquiring an additional 26,856,752 shares during the last quarter. Nuveen LLC lifted its holdings in Apple by 3.8% in the 4th quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker's stock valued at $20,389,750,000 after purchasing an additional 2,725,121 shares in the last quarter. Amundi boosted its stake in shares of Apple by 23.2% during the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after purchasing an additional 13,780,080 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Apple by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 55,146,752 shares of the iPhone maker's stock worth $14,992,196,000 after buying an additional 704,293 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Apple by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 58,554,032 shares of the iPhone maker's stock valued at $14,858,200,000 after buying an additional 979,832 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Activity at Apple

In related news, SVP Jennifer Newstead sold 1,439 shares of Apple 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 transaction, the senior vice president owned 35,790 shares in the company, valued at approximately $11,345,787.90. The trade was a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 8,632 shares of company stock valued at $2,719,955. Company insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AAPL shares. Bank of America restated a "buy" rating and set a $370.00 target price on shares of Apple in a research report on Thursday. Robert W. Baird lifted their price objective on Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. CICC Research upped their target price on Apple from $310.00 to $340.00 and gave the company an "outperform" rating in a research note on Tuesday, August 4th. Evercore set a $380.00 price target on Apple and gave the stock an "outperform" rating in a research note on Friday. Finally, Maxim Group upped their price objective on shares of Apple from $350.00 to $380.00 and gave the company a "buy" rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Apple has an average rating of "Moderate Buy" and a consensus target price of $340.14.

Apple Price Performance

Shares of Apple stock opened at $336.13 on Monday. The business's fifty day moving average price is $320.24 and its 200 day moving average price is $294.90. Apple Inc. has a twelve month low of $240.21 and a twelve month high of $344.57. 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 stock has a market capitalization of $4.91 trillion, a P/E ratio of 38.55, a PEG ratio of 2.92 and a beta of 1.08.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly 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. The company had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The firm's revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.57 earnings per share. As a group, research analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple's dividend payout ratio is presently 12.39%.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Evercore ISI raised its Apple price target to $380 from $365 and maintained an outperform view. A survey of roughly 4,000 consumers indicated a potentially stronger-than-expected iPhone upgrade cycle and a higher average selling price. iPhone 18 Pro Hits Stores Today
• Positive Sentiment: iPhone 18 Pro sales are supported by carrier trade-in promotions. Bank of America said incentives can offset the $100 price increase, reducing the risk that higher prices will weaken demand. Apple’s iPhone 18 Lineup Keeps Bank of America Bullish
• Positive Sentiment: Apple’s ecosystem is gaining additional reach. General Motors plans to restore Apple CarPlay after consumer backlash, while Apple is reportedly preparing an Apple Pay launch in India with Axis Bank. These developments could support services engagement and ecosystem adoption. GM Is Re-downloading Apple CarPlay
• Neutral Sentiment: Initial iPhone 18 Pro demand indicators are mixed. Quick-commerce shortages in India suggest strong localized demand, but UBS cited muted wait times in several major markets. Investors are also assessing whether customers may delay purchases for Apple’s roughly $1,999 foldable iPhone Duo. Apple iPhone 18 Seeing Muted Initial Wait Times
• Negative Sentiment: Risks include premium pricing, valuation and regulatory pressure. Analysts warn that expensive devices could limit adoption in price-sensitive markets such as India. More than 1,600 Italian Apple store employees also struck on launch day, while Apple continues to challenge a potential UK encryption backdoor order and faces European legal scrutiny. Italian Apple Store Employees Strike

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.

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