Apple Inc. $AAPL Shares Bought by Baldwin Investment Management LLC

Key Points

• Baldwin Investment Management increased its Apple stake by 41.4% in the second quarter, bringing its holdings to 99,797 shares worth approximately $28.9 million. Institutional investors collectively own 67.73% of Apple.
• Analysts maintain a generally positive view, with Apple receiving a “Moderate Buy” consensus rating and an average price target of $330.61, although several firms retain neutral or hold ratings.
• Apple reported quarterly earnings and revenue above expectations, with revenue up 16.4% year over year, but shares trade at a relatively high valuation of about 37 times earnings amid ongoing AI, memory-cost and competitive risks.

Baldwin Investment Management LLC increased its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 41.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,797 shares of the iPhone maker's stock after acquiring an additional 29,226 shares during the quarter. Apple comprises 2.8% of Baldwin Investment Management LLC's holdings, making the stock its 3rd largest holding. Baldwin Investment Management LLC's holdings in Apple were worth $28,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Apple during the fourth quarter valued at $52,266,468,000. Nuveen LLC bought a new position in shares of Apple in the 1st quarter worth about $17,472,482,000. Cardano Risk Management B.V. lifted its stake in shares of Apple by 890.7% in the 4th quarter. Cardano Risk Management B.V. now owns 41,984,810 shares of the iPhone maker's stock valued at $11,413,990,000 after purchasing an additional 37,746,784 shares during the period. Laurel Wealth Advisors LLC boosted its position in shares of Apple by 20,464.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker's stock valued at $5,553,753,000 after purchasing an additional 26,937,401 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Apple by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock worth $387,749,545,000 after purchasing an additional 26,856,752 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AAPL has been the topic of several recent analyst reports. Maxim Group reissued a "buy" rating and issued a $350.00 price target (up from $310.00) on shares of Apple in a research note on Tuesday, June 9th. Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a research report on Friday, July 31st. Rosenblatt Securities lifted their price objective on shares of Apple from $300.00 to $303.00 and gave the company a "neutral" rating in a research note on Tuesday. Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a research report on Monday, June 8th. Finally, UBS Group restated a "neutral" rating on shares of Apple in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $330.61.

Insider Buying and Selling at Apple

In related news, SVP Jennifer Newstead sold 1,439 shares of Apple stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $310.95, for a total value of $447,457.05. Following the completion of the sale, the senior vice president owned 37,229 shares of the company's stock, valued at approximately $11,576,357.55. This trade represents a 3.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ben Borders sold 116 shares of Apple stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the transaction, the insider owned 38,713 shares of the company's stock, valued at $11,425,754.82. The trade was a 0.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 4,433 shares of company stock valued at $1,367,024. 0.06% of the stock is owned by corporate insiders.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: John Ternus takes over with an encouraging product message: The longtime hardware engineering chief officially became CEO, while Tim Cook remains as executive chairman. Ternus reportedly told employees that a “huge” and “phenomenal” iPhone launch is coming next week, supporting expectations for strong product momentum and potential interest in a foldable iPhone. John Ternus hypes huge launch next week in first memo as Apple CEO
• Positive Sentiment: Analyst optimism is providing additional support: Bank of America reiterated a Buy rating and a $380 price target, citing an opportunity for Apple to achieve “device dominance” in the AI era. Rosenblatt also raised its target to $303, though it maintained a Neutral rating, underscoring the mixed outlook at current prices. Bank of America sees device dominance ahead
• Positive Sentiment: Services and Mac demand remain potential growth catalysts: Apple’s price increases for Apple TV and Apple One highlight ecosystem pricing power and could lift high-margin services revenue. Separately, reported shortages of high-memory Mac mini and Mac Studio models suggest developers and businesses may be using Apple Silicon for local AI workloads. Cook out, Silicon in: Will Ternus trigger Apple’s edge AI boom?
• Neutral Sentiment: Continuity may reduce transition risk: Cook’s $47 million compensation package as executive chair signals that he will remain influential, including on government and strategic matters. However, Ternus must establish authority while succeeding a CEO whose tenure produced extraordinary shareholder returns. Tim Cook to be paid $47 million as Apple’s executive chair
• Negative Sentiment: Key risks remain concentrated in AI, costs and valuation: Apple is still viewed as behind rivals in AI and faces pressure to improve Siri. Memory shortages could weigh on hardware margins, while shares trade near record levels at roughly 37 times earnings. Apple also faces an escalating trade-secret lawsuit with OpenAI, which has called the claims baseless. Apple enters John Ternus era as AI challenges and memory crunch intensify

Apple Stock Performance

Shares of AAPL opened at $325.13 on Wednesday. Apple Inc. has a 52 week low of $225.95 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. The stock has a 50 day moving average price of $313.24 and a two-hundred day moving average price of $289.18. The firm has a market capitalization of $4.75 trillion, a P/E ratio of 37.29, a P/E/G ratio of 2.74 and a beta of 1.09.

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

Apple Announces Dividend

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

Apple Company Profile

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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