70,293 Shares in Apple Inc. $AAPL Bought by Puzo Michael J

Key Points

• Puzo Michael J purchased 70,293 Apple shares during the second quarter, valued at approximately $20.34 million. Apple now represents about 5.2% of the fund’s portfolio, while institutional investors collectively own 67.73% of the stock.
• Apple reported quarterly earnings of $2.02 per share on $109.42 billion in revenue, exceeding analyst expectations, with revenue up 16.4% year over year. The company also declared a quarterly dividend of $0.27 per share.
• Analyst sentiment remains broadly positive, with Apple holding a “Moderate Buy” consensus rating and an average price target of $340.14, although some firms downgraded the stock to “hold.” Risks include its high valuation, premium product pricing, mixed early iPhone demand indicators and ongoing regulatory pressure.

Puzo Michael J purchased a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 70,293 shares of the iPhone maker's stock, valued at approximately $20,340,000. Apple accounts for about 5.2% of Puzo Michael J's investment portfolio, making the stock its 4th largest position.

Several other hedge funds also recently made changes to their positions in the company. NWK Group Inc. purchased a new position in Apple during the 2nd quarter valued at $16,667,000. Quartz Partners LLC purchased a new stake in shares of Apple in the 2nd quarter worth about $8,549,000. Live Oak Investment Partners bought a new stake in shares of Apple during the 2nd quarter valued at about $1,577,000. Frazier Financial Advisors LLC bought a new stake in shares of Apple during the 2nd quarter valued at about $3,546,000. Finally, Bell & Brown Wealth Advisors LLC purchased a new position in shares of Apple during the second quarter valued at about $17,977,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Apple

In other news, SVP Jennifer Newstead sold 1,439 shares of Apple stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total value of $456,177.39. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 8,632 shares of company stock valued at $2,719,955. 0.06% of the stock is currently owned by company insiders.

Apple Stock Performance

NASDAQ:AAPL opened at $336.13 on Monday. The stock has a 50-day simple moving average of $320.24 and a two-hundred day simple moving average of $294.90. The firm has a market capitalization of $4.91 trillion, a PE ratio of 38.55, a P/E/G ratio of 2.92 and a beta of 1.08. Apple Inc. has a 52-week low of $240.21 and a 52-week high of $344.57. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The business's revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.57 earnings per share. Analysts forecast that Apple Inc. will post 8.74 EPS for the current year.

Apple Announces Dividend

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

Key Headlines Impacting Apple

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

Analyst Ratings Changes

AAPL has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut Apple from a "buy" rating to a "hold" rating in a research report on Monday, August 17th. Arete Research upped their price target on Apple from $305.00 to $335.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. TD Cowen reissued a "buy" rating and set a $400.00 price objective on shares of Apple in a research report on Thursday, September 10th. Daiwa Securities Group raised their price objective on Apple from $325.00 to $335.00 and gave the company an "outperform" rating in a research report on Tuesday, August 11th. Finally, DZ Bank cut shares of Apple from a "buy" rating to a "hold" rating and set a $310.00 target price on the stock. in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $340.14.

Apple Profile

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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