Apple Inc. $AAPL Shares Purchased by Daymark Wealth Partners LLC

Key Points

• Daymark Wealth Partners increased its Apple stake by 6.3% in the second quarter, acquiring 51,002 additional shares for a total of 859,143 shares valued at approximately $248.6 million. Apple now represents 6.1% of the firm’s portfolio, while institutional investors collectively own 67.73% of the stock.
• Apple reported quarterly earnings of $2.02 per share, beating estimates of $1.89, while revenue rose 16.4% year over year to $109.42 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $334.91.
• Investors remain focused on the growth potential and risks surrounding Apple’s new products. The upcoming foldable iPhone and iPhone 18 lineup could support a new upgrade cycle, but elevated valuation, competition, component-cost inflation and lower expected margins remain key concerns.

Daymark Wealth Partners LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 6.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 859,143 shares of the iPhone maker's stock after acquiring an additional 51,002 shares during the quarter. Apple accounts for about 6.1% of Daymark Wealth Partners LLC's investment portfolio, making the stock its 2nd biggest position. Daymark Wealth Partners LLC's holdings in Apple were worth $248,602,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Lifetime Wealth Management P.C. acquired a new stake in shares of Apple in the 4th quarter valued at $41,000. ROSS JOHNSON & Associates LLC lifted its stake in shares of Apple by 1,800.0% during 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 period. Timmons Wealth Management LLC bought a new stake in shares of Apple during the fourth quarter worth approximately $69,000. LSV Asset Management acquired a new position in Apple in the fourth quarter valued at approximately $65,000. Finally, Inspire Investing LLC bought a new position in Apple in the fourth quarter valued at approximately $76,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Buying and Selling

In other news, insider Ben Borders sold 116 shares of the company's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the transaction, the insider owned 38,713 shares of the company's stock, valued at $11,425,754.82. This represents a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 1,438 shares of the company's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $317.23, for a total transaction of $456,176.74. Following the completion of the transaction, the senior vice president directly owned 34,352 shares in the company, valued at approximately $10,897,484.96. The trade was a 4.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,310 shares of company stock valued at $2,279,378 over the last ninety days. 0.06% of the stock is currently owned by company insiders.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: iPhone Duo creates a potential new growth cycle. Apple’s $1,999 foldable iPhone, scheduled to arrive October 23, could drive upgrades, deepen ecosystem engagement and add a high-margin premium product category. Some analysts believe foldables could eventually account for 10% to 20% of iPhone revenue. How Wall Street viewed Apple's foldable iPhone
• Positive Sentiment: Analysts see renewed hardware momentum. Alongside the Duo, Apple unveiled the iPhone 18 Pro lineup, new Apple Watch models, AirPods 5 and expanded Siri AI features. TD Cowen maintained a Buy rating with a $400 target, supporting the bullish reaction. TD Cowen reiterates Buy rating
• Positive Sentiment: Carrier promotions could reduce sticker-price resistance. T-Mobile, AT&T and Verizon are offering installment and trade-in incentives for the expensive Duo, potentially broadening access without an immediate industrywide price war. Wireless carrier promotions
• Neutral Sentiment: Wall Street remains divided. Bank of America retained a Buy rating but lowered its price target to $370, while Rosenblatt kept a Neutral rating and $303 target. The debate centers on Duo demand, supply constraints, valuation and the durability of the upgrade cycle.
• Negative Sentiment: Margin pressure remains the main risk. Apple raised iPhone Pro prices by $100, but memory and other component costs are rising rapidly. Management has already guided to lower gross margins, raising concerns that pricing may not fully offset higher costs. Apple margin pressure from memory costs
• Negative Sentiment: Premium valuation and competition limit upside. Apple trades near the upper end of its historical earnings multiple, while Huawei, Xiaomi and Samsung remain strong competitors in China and the foldable market.
• Negative Sentiment: Insider selling is a modest cautionary signal. SVP Jennifer Newstead sold approximately $456,000 of stock, reducing her direct holdings by about 4%, although she retains a substantial position.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $332.27 on Friday. The firm has a 50 day moving average of $318.20 and a 200-day moving average of $292.45. The stock has a market capitalization of $4.85 trillion, a PE ratio of 38.10, a PEG ratio of 2.83 and a beta of 1.08. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Apple Inc. has a 12 month low of $229.02 and a 12 month high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last issued its 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. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same quarter last year, the business posted $1.57 earnings per share. The company's quarterly revenue was up 16.4% on a year-over-year basis. On average, equities research analysts predict that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed 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. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's payout ratio is currently 12.39%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AAPL. Weiss Ratings raised Apple from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, August 3rd. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Apple in a research report on Monday, June 8th. KeyCorp reiterated an "underweight" rating on shares of Apple in a report on Friday, September 4th. Wells Fargo & Company reiterated an "overweight" rating and issued a $350.00 price objective (up from $310.00) on shares of Apple in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Apple from a "buy" rating to a "hold" rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $334.91.

Apple Company Profile

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its principal products include the iPhone, Mac computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware products.

Apple's services business includes the App Store, Apple Music, Apple TV, Apple Arcade, Apple Fitness+, Apple News+, Apple Pay and iCloud. These services provide digital content, payments, cloud storage and subscription offerings across the company's ecosystem of devices.

Founded in 1976, Apple is headquartered in Cupertino, California, and serves consumers, businesses, educational institutions and government customers worldwide.

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