Apple Inc. $AAPL Shares Newly Acquired by Kimelman & Baird LLC

Key Points

• Kimelman & Baird LLC acquired 276,417 Apple shares worth approximately $80 million in the second quarter, making Apple its largest portfolio holding at about 4.3%. Institutional investors collectively own 67.73% of Apple.
• Apple reported strong quarterly results, with EPS of $2.02 and revenue of $109.42 billion, up 16.4% year over year. The company also declared a quarterly dividend of $0.27 per share, equivalent to a 0.3% yield.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $340.14. However, Apple faces risks from AI-driven competition, rising memory costs, legal challenges and recent insider selling.

Kimelman & Baird LLC acquired a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 276,417 shares of the iPhone maker's stock, valued at approximately $79,984,000. Apple makes up approximately 4.3% of Kimelman & Baird LLC's investment portfolio, making the stock its biggest position.

Other institutional investors have also recently bought and sold shares of the company. Prospect Hill Management LLC bought a new position in shares of Apple in the second quarter worth $146,370,000. Focus Partners Advisor Solutions LLC bought a new stake in Apple during the second quarter worth about $168,646,000. Wealthfront Advisers LLC bought a new stake in Apple during the second quarter worth about $482,388,000. Satovsky Asset Management LLC acquired a new stake in Apple during the second quarter worth about $16,064,000. Finally, Saranac Partners Ltd acquired a new stake in Apple during the second quarter worth about $9,513,000. Institutional investors own 67.73% of the company's stock.

Apple Stock Performance

Apple stock opened at $329.40 on Wednesday. The business has a 50 day moving average of $321.83 and a 200-day moving average of $298.67. The company has a market capitalization of $4.81 trillion, a P/E ratio of 37.78, a P/E/G ratio of 2.94 and a beta of 1.08. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $345.34. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93.

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, beating analysts' consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The firm had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same quarter in the previous year, the company posted $1.57 EPS. The business's revenue was up 16.4% on a year-over-year basis. On average, equities research analysts predict that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. The Goldman Sachs Group started coverage on shares of Apple in a research report on Monday, August 17th. They issued a "buy" rating for the company. Rothschild & Co Redburn set a $400.00 price objective on shares of Apple and gave the company a "buy" rating in a research report on Monday, August 17th. BTIG Research started coverage on Apple in a research note on Monday, August 17th. They set a "neutral" rating for the company. Oppenheimer reiterated a "market perform" rating on shares of Apple in a research note on Thursday, September 10th. Finally, Raymond James Financial restated a "market perform" 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-six have assigned a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Apple currently has a consensus rating of "Moderate Buy" and an average price target of $340.14.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: CEO John Ternus is reportedly considering a leaner, engineering-led structure that could eliminate layers of middle management, accelerate product launches and make Apple more experimental. Investors may view the changes as a response to concerns about slower innovation, particularly in artificial intelligence. Apple CEO overhaul report
• Positive Sentiment: Apple Pay is reportedly launching in a key market, potentially expanding transaction volume and services revenue. Separately, Apple remains a major customer for TSMC’s advanced 2-nanometer chips, supporting future device performance and product differentiation. Apple Pay launch report
• Neutral Sentiment: Apple’s large buyback program remains a relative strength among the Magnificent Seven, although the immediate effect is financial support rather than a new growth catalyst. Apple and Nvidia buybacks
• Negative Sentiment: Bank of America warned that Meta’s Muse could change how consumers search, shop and initiate payments. Even if users continue buying iPhones, AI agents could divert discovery and referral activity away from Apple’s ecosystem, putting pressure on services growth and Apple’s AI strategy. Apple faces threat from Meta Muse
• Negative Sentiment: Reports that Ternus may plan layoffs as memory-chip costs rise raise concerns about gross-margin pressure and slower near-term earnings growth. Apple has already indicated that higher memory expenses could reduce profit per device.
• Negative Sentiment: Apple also faces legal and operational overhangs, including a $5.7 billion patent verdict, a revived UK consumer lawsuit involving Amazon marketplace sales, and an emergency iOS security update addressing a flaw that could enable arbitrary code execution. Apple patent verdict

Insider Activity

In other news, SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $340.06, for a total value of $815,803.94. Following the sale, the senior vice president directly owned 44,391 shares of the company's stock, valued at approximately $15,095,603.46. This represents a 5.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 11,031 shares of company stock valued at $3,535,759. 0.06% of the stock is currently owned by insiders.

About Apple

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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