Apple Inc. $AAPL is Adelphi Trust Co's 2nd Largest Position

Key Points

• Adelphi Trust Co increased its Apple stake by 6.6% in the second quarter to 26,942 shares valued at approximately $7.8 million. Apple now represents 5.2% of the firm’s portfolio and is its second-largest holding.
• Institutional investors own 67.73% of Apple shares, while several funds—including Eastern Bank and BSN Capital Partners—also increased their positions during the reporting period.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $330.53. Apple recently beat quarterly earnings and revenue expectations, reporting $2.02 in EPS and $109.42 billion in revenue, up 16.4% year over year.

Adelphi Trust Co raised its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 6.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,942 shares of the iPhone maker's stock after acquiring an additional 1,666 shares during the quarter. Apple makes up 5.2% of Adelphi Trust Co's portfolio, making the stock its 2nd biggest holding. Adelphi Trust Co's holdings in Apple were worth $7,796,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in AAPL. Eastern Bank increased its position in Apple by 4.5% during the 2nd quarter. Eastern Bank now owns 1,165,437 shares of the iPhone maker's stock worth $337,231,000 after purchasing an additional 50,146 shares in the last quarter. BSN CAPITAL PARTNERS Ltd grew its holdings in shares of Apple by 204.8% during the first quarter. BSN CAPITAL PARTNERS Ltd now owns 1,601,700 shares of the iPhone maker's stock worth $402,675,000 after buying an additional 1,076,198 shares in the last quarter. VectorGlobal IAG Inc. acquired a new position in shares of Apple in the first quarter valued at approximately $7,686,000. WealthPoint Financial LLC raised its position in shares of Apple by 5.1% in the first quarter. WealthPoint Financial LLC now owns 6,435 shares of the iPhone maker's stock valued at $1,633,000 after buying an additional 315 shares during the last quarter. Finally, Hamilton Wealth LLC lifted its stake in shares of Apple by 1.2% during the first quarter. Hamilton Wealth LLC now owns 121,478 shares of the iPhone maker's stock valued at $30,830,000 after buying an additional 1,391 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. TD Cowen lifted their target price on shares of Apple from $350.00 to $400.00 and gave the company a "buy" rating in a report on Friday, July 31st. Citigroup reiterated a "buy" rating and issued a $365.00 price target (up from $315.00) on shares of Apple in a report on Monday, July 13th. Weiss Ratings raised Apple from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, August 3rd. Evercore restated an "outperform" rating on shares of Apple in a research note on Wednesday, July 8th. Finally, UBS Group reaffirmed a "neutral" rating on shares of Apple in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $330.53.

Apple Stock Down 0.1%

Shares of Apple stock opened at $305.59 on Tuesday. The business has a 50-day moving average of $309.06 and a 200-day moving average of $285.73. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The company has a market capitalization of $4.46 trillion, a PE ratio of 35.04, a P/E/G ratio of 2.62 and a beta of 1.09. Apple Inc. has a 1-year low of $223.78 and a 1-year high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last released 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 business had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company's revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.57 earnings per share. As a group, equities analysts forecast that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, August 10th. Apple's dividend payout ratio is presently 12.39%.

Insider Buying and Selling

In other news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $307.75, for a total transaction of $442,852.25. Following the completion of the transaction, the senior vice president directly owned 40,107 shares in the company, valued at approximately $12,342,929.25. This represents a 3.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ben Borders sold 116 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider 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 SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.06% of the company's stock.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Rothschild & Co. Redburn upgraded Apple to Buy from Neutral and raised its price target to $400 from $260. The firm cited potential growth from a premium foldable iPhone and a strategic reset of Apple Intelligence, while suggesting Apple could use Nvidia’s open-source AI models to improve its position. Apple Stock Got an Upgrade. It Could Be the AI Gatekeeper.
• Positive Sentiment: Antitrust relief removes a legal overhang. Apple reportedly won significant relief in an antitrust battle, potentially reducing regulatory risk around its App Store and business practices. Apple Wins Major Relief in Antitrust Battle
• Positive Sentiment: Pre-iPhone event demand appears supportive. A KeyBanc survey indicated improving consumer spending ahead of Apple’s expected September product launch, providing a potential near-term catalyst for iPhone sales. Why Investors Should Consider Buying Apple Stock Ahead of Its September iPhone Event
• Neutral Sentiment: Apple is changing European app-tracking consent rules following a German competition investigation. The changes may benefit Meta and advertisers, but could reduce some of Apple’s control over data-related monetization. Apple to change app data consent rules, German regulator says
• Negative Sentiment: Memory-chip sourcing is a growing risk. The Trump administration urged Apple not to buy Chinese memory chips because of national-security concerns. Complying could raise component costs, while defying the request could create political or supply-chain complications. Apple May Buy Chinese Memory Chips Despite US Request
• Negative Sentiment: Valuation and execution concerns remain. At roughly $306 and about 35 times earnings, bearish commentary argues that much of Apple’s quality is already reflected in the price and that AI progress may not justify a higher multiple. Apple's Red Flags Are Real and Signal Trouble
• Negative Sentiment: Security and App Store-management reports add reputational risk. Investigators reported an unusually large number of spyware alerts affecting Apple users, while DefiLlama said fake apps delayed its launch. Apple has also patched a critical macOS flaw exploited for cryptocurrency mining. Unprecedented number of Apple users received recent spyware alert

About Apple

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.

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