Apple Inc. $AAPL Shares Purchased by Broderick Brian C

Key Points

• Broderick Brian C increased its Apple position by 4.1% in the first quarter, adding 4,625 shares to hold 117,248 shares worth approximately $29.8 million. Apple represents about 5.5% of the fund’s portfolio.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, exceeding analyst estimates, while revenue rose 16.4% year over year. The company also declared a quarterly dividend of $0.27 per share, a 0.3% yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $330.44, but concerns include elevated valuation, component-cost inflation, supply risks, delayed AI features and CEO succession uncertainty.

Broderick Brian C boosted its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,248 shares of the iPhone maker's stock after purchasing an additional 4,625 shares during the period. Apple accounts for approximately 5.5% of Broderick Brian C's portfolio, making the stock its 3rd biggest position. Broderick Brian C's holdings in Apple were worth $29,756,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Lifetime Wealth Management P.C. bought a new position in Apple during the fourth quarter valued at approximately $41,000. ROSS JOHNSON & Associates LLC lifted its stake in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after acquiring an additional 180 shares during the last quarter. LSV Asset Management bought a new stake in Apple in the fourth quarter worth approximately $65,000. Timmons Wealth Management LLC acquired a new position in shares of Apple during the 4th quarter worth $69,000. Finally, Inspire Investing LLC acquired a new position in shares of Apple during the 4th quarter worth $76,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Apple

In other Apple news, insider Ben Borders sold 116 shares of the firm's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the sale, the insider owned 38,713 shares of the company's stock, valued at $11,425,754.82. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is owned by company insiders.

Apple Stock Performance

Shares of AAPL opened at $309.46 on Wednesday. The company has a market capitalization of $4.52 trillion, a PE ratio of 35.49, a price-to-earnings-growth ratio of 2.60 and a beta of 1.09. 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 Inc. has a one year low of $202.16 and a one year high of $344.57. The company's fifty day moving average price is $309.42 and its 200 day moving average price is $282.24.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.57 earnings per share. As a group, analysts expect that Apple Inc. will post 8.76 earnings per share for the current year.

Apple Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada set a $365.00 price objective on shares of Apple in a research note on Wednesday, July 15th. Wells Fargo & Company reissued an "overweight" rating and set a $350.00 target price (up from $310.00) on shares of Apple in a research report on Friday. Citigroup restated a "buy" rating and set a $365.00 target price (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. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of Apple in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $330.44.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: India proposed extending tax exemptions for equipment suppliers to contract manufacturers through 2041. The policy could support Apple’s effort to expand iPhone production in India and reduce reliance on China. India proposes extending tax breaks for contract manufacturing in a boost for Apple
• Positive Sentiment: Analysts and bullish investors argue that Apple’s capital-light AI strategy could eventually pay off through its enormous installed base, device upgrades and Services ecosystem, without the infrastructure spending burden faced by hyperscalers. Apple’s AI Strategy Looks Different—Will It Pay Off?
• Positive Sentiment: Apple’s acquisition of PlasmaSolve could improve manufacturing simulations, device coatings and production yields, potentially supporting thinner and stronger future hardware. AAPL Stock Alert: What to Know as Apple Acquires PlasmaSolve
• Neutral Sentiment: Apple asked a U.S. court to block OpenAI and two former employees from using alleged trade secrets. OpenAI has responded by calling the case careless and publishing private communications; the dispute could affect OpenAI’s hardware plans but remains legally unresolved. Apple seeks preliminary injunction against OpenAI in trade secrets case
• Neutral Sentiment: Apple is also challenging a U.K. demand for access to encrypted user data. A favorable outcome could protect its privacy positioning, while prolonged regulatory litigation creates uncertainty. Apple launches fresh legal challenge against UK encrypted data access demand
• Negative Sentiment: The strongest pressure remains financial: Apple exceeded quarterly EPS and revenue estimates, but its outlook was viewed as disappointing. Higher memory and component costs, supply constraints, a Services revenue miss and delayed Apple Intelligence features have undermined confidence in near-term growth.
• Negative Sentiment: China Renaissance, DZ Bank and Phillip Securities downgraded AAPL, citing persistent memory inflation, supply risks and uncertainty over Apple Intelligence returns. With the stock trading around 35 times earnings and a PEG ratio above 2.6, investors are demanding substantial growth to justify the valuation.
• Negative Sentiment: The CEO transition adds execution risk. While some coverage views Cook’s departure as a well-prepared succession, investors will watch whether John Ternus can accelerate AI development and sustain Apple’s growth momentum.

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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