8,537 Apple Inc. $AAPL Shares Acquired by Roffman Miller Associates Inc. PA

Key Points

• Roffman Miller Associates increased its Apple position by 1.9%, buying 8,537 shares to reach 456,155 shares valued at approximately $132 million. Apple represents 6.9% of the firm’s portfolio and is its second-largest holding.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $340.14. Several firms recently raised their targets, including Maxim Group to $380 and CICC Research to $340.
• Apple reported quarterly earnings of $2.02 per share on $109.42 billion in revenue, exceeding estimates, while revenue grew 16.4% year over year. The company also paid a $0.27 quarterly dividend, though recent insider selling and legal, competitive and transition risks remain considerations.

Roffman Miller Associates Inc. PA grew its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 456,155 shares of the iPhone maker's stock after buying an additional 8,537 shares during the quarter. Apple accounts for 6.9% of Roffman Miller Associates Inc. PA's holdings, making the stock its 2nd largest holding. Roffman Miller Associates Inc. PA's holdings in Apple were worth $131,993,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Braun Stacey Associates Inc. lifted its position in shares of Apple by 1.9% in the 2nd quarter. Braun Stacey Associates Inc. now owns 664,904 shares of the iPhone maker's stock worth $192,397,000 after purchasing an additional 12,398 shares during the period. Navellier & Associates Inc. boosted its stake in shares of Apple by 2.5% during the second quarter. Navellier & Associates Inc. now owns 47,780 shares of the iPhone maker's stock valued at $13,826,000 after purchasing an additional 1,170 shares in the last quarter. Tandem Capital Management Corp ADV increased its holdings in Apple by 1.9% during the second quarter. Tandem Capital Management Corp ADV now owns 19,802 shares of the iPhone maker's stock valued at $5,730,000 after buying an additional 368 shares during the period. Field & Main Bank purchased a new position in Apple during the second quarter valued at approximately $21,901,000. Finally, Prosperitas Financial LLC bought a new position in Apple in the second quarter worth approximately $14,658,000. Institutional investors own 67.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. CICC Research upped their target price on Apple from $310.00 to $340.00 and gave the stock an "outperform" rating in a report on Tuesday, August 4th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a report on Friday, September 25th. Moffett Nathanson reissued a "neutral" rating and issued a $304.00 price target (up from $270.00) on shares of Apple in a research report on Tuesday, September 8th. Maxim Group upped their price objective on Apple from $350.00 to $380.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Finally, Piper Sandler initiated coverage on Apple in a research report 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-six have given a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $340.14.

Apple Price Performance

NASDAQ AAPL opened at $333.02 on Thursday. The firm's fifty day simple moving average is $321.97 and its two-hundred day simple moving average is $299.21. The firm has a market capitalization of $4.86 trillion, a P/E ratio of 38.19, a P/E/G ratio of 2.86 and a beta of 1.08. 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 12-month low of $243.42 and a 12-month high of $345.34.

Apple (NASDAQ:AAPL - Get Free Report) last issued 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 firm 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 business's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.57 EPS. Analysts forecast that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Dividend Announcement

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

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Counterpoint Research estimates Apple could sell approximately 6 million iPhone Duo foldable handsets in 2026, despite the device’s premium starting price of $1,999. Pre-orders reportedly begin October 16, with deliveries scheduled for October 23. Apple Predicted To Sell 6 Million iPhone Duo Handsets This Year
• Positive Sentiment: Early iPhone 18 Pro demand in China is encouraging: first-week sales rose 12% year over year, and Apple captured 33% of smartphone sales during the measured period. Analysts also see consumers showing greater willingness to pay for higher-priced models. Apple iPhone 18 Pro China Launch-Week Sales Rise 12%
• Positive Sentiment: Reports that Apple will unveil a new smart-home hub at an October 13 event added to expectations for expansion beyond the iPhone. The company is also reportedly renewing its Qualcomm licensing agreement, supporting continuity for its device and connectivity roadmap. Apple Plans Smart-Home Push
• Positive Sentiment: Broader technology stocks benefited from cooler inflation data, which reduced near-term concerns about additional Federal Reserve rate hikes. Apple also received a favorable endorsement from Jim Cramer ahead of the Duo launch.
• Neutral Sentiment: New CEO John Ternus is reportedly considering an engineering-focused restructuring, faster product releases and fewer management layers. The changes could improve innovation and execution, but they introduce transition risk and may include layoffs as memory costs rise. Apple’s New CEO Plans Overhaul
• Negative Sentiment: Bank of America warned that Meta’s Muse and other AI agents could divert product discovery, shopping activity and services revenue away from Apple’s ecosystem, increasing pressure on Siri, Apple Pay and the App Store.
• Negative Sentiment: Apple patched a zero-day vulnerability reportedly used in targeted attacks involving iPhone crypto wallets. In addition, a UK class-action case over marketplace restrictions was allowed to proceed, creating ongoing legal and reputational risks.

Insider Buying and Selling

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $340.06, for a total value of $815,803.94. Following the completion of the sale, the senior vice president owned 44,391 shares of the company's stock, valued at approximately $15,095,603.46. This trade represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 11,031 shares of company stock valued at $3,535,759 in the last three months. Company insiders own 0.06% of the company's stock.

Apple Profile

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple's services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

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