Apple Inc. $AAPL Shares Newly Purchased by Concorde Asset Management LLC

Key Points

• Concorde Asset Management LLC purchased 12,091 Apple shares during the second quarter, valued at approximately $3.5 million. Apple now represents about 2% of the firm's portfolio and is its eighth-largest holding.
• Institutional ownership remains substantial at 67.73%, with major investors including Berkshire Hathaway, Bank of America, Legal & General, Nuveen and Amundi adding or maintaining significant Apple positions.
• Apple reported quarterly earnings and revenue above analyst expectations, while analysts maintain a consensus “Moderate Buy” rating with a $340.14 target price. Shares opened at $329.40, and the company recently paid a quarterly dividend of $0.27 per share.

Concorde Asset Management LLC purchased a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,091 shares of the iPhone maker's stock, valued at approximately $3,499,000. Apple makes up approximately 2.0% of Concorde Asset Management LLC's holdings, making the stock its 8th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc bought a new stake in shares of Apple during the second quarter valued at approximately $65,950,297,000. Bank of America Corp DE bought a new position in Apple in the 2nd quarter worth approximately $36,986,090,000. Legal & General Group Plc bought a new position in Apple in the 2nd quarter worth approximately $30,443,242,000. Nuveen LLC lifted its holdings in Apple by 3.8% during the 4th quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker's stock worth $20,389,750,000 after buying an additional 2,725,121 shares in the last quarter. Finally, Amundi boosted its position in Apple by 23.2% in the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $18,547,637,000 after buying an additional 13,780,080 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Insider Buying and Selling

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of Apple stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $340.06, for a total transaction of $815,803.94. Following the transaction, the senior vice president directly owned 44,391 shares in the company, valued at approximately $15,095,603.46. The trade was a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 11,031 shares of company stock worth $3,535,759. Company insiders own 0.06% of the company's stock.

Apple Stock Down 2.7%

Shares of NASDAQ AAPL opened at $329.40 on Wednesday. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $345.34. 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 market cap 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. The firm has a 50 day moving average price of $321.83 and a 200 day moving average price of $298.67.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping the consensus estimate 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 business's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the business posted $1.57 earnings per share. Analysts expect that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

The firm also recently disclosed 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. 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 (DPR) is presently 12.39%.

Analysts Set New Price Targets

Several research firms have recently commented on AAPL. The Goldman Sachs Group initiated coverage on Apple in a research note on Monday, August 17th. They issued a "buy" rating for the company. KGI Securities lowered Apple from an "outperform" rating to a "hold" rating and set a $315.00 price target on the stock. in a research note on Monday, June 22nd. KeyCorp reiterated an "underweight" rating on shares of Apple in a report on Friday, September 4th. Raymond James Financial reiterated a "market perform" rating on shares of Apple in a research report on Friday, July 31st. Finally, Loop Capital set a $380.00 price objective on Apple in a report on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Apple currently has a consensus rating of "Moderate Buy" and a consensus target price of $340.14.

More Apple News

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

Apple Company 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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