Beckerman Institutional LLC Takes $2.02 Million Position in Apple Inc. $AAPL

Key Points

• Beckerman Institutional LLC acquired 6,972 Apple shares worth approximately $2.02 million, making Apple 1% of its portfolio. Other institutions also added positions, with institutional investors collectively owning 67.73% of Apple.
• Analysts maintain a generally positive outlook, with Apple receiving a “Moderate Buy” consensus rating and an average price target of $340.14, despite some downgrades and “underperform” ratings.
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, exceeding estimates, while revenue grew 16.4% year over year. Shares opened at $338.98, near their 52-week high, and the company paid a quarterly dividend of $0.27 per share.

Beckerman Institutional LLC acquired a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,972 shares of the iPhone maker's stock, valued at approximately $2,018,000. Apple makes up 1.0% of Beckerman Institutional LLC's holdings, making the stock its 20th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Patron Partners LLC purchased a new position in shares of Apple in the 2nd quarter worth approximately $10,751,000. OneAscent Wealth Management LLC acquired a new stake in shares of Apple during the second quarter worth about $2,258,000. OneAscent Family Office LLC purchased a new stake in Apple in the second quarter valued at approximately $1,770,000. Presper Financial Architects LLC acquired a new position in Apple in the 2nd quarter worth approximately $2,737,000. Finally, OneAscent Financial Services LLC acquired a new position in Apple in the 2nd quarter worth approximately $25,114,000. Institutional investors own 67.73% of the company's stock.

Insider Buying and Selling

In related news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total value of $456,177.39. Following the completion of the transaction, the senior vice president directly owned 35,790 shares of the company's stock, valued at approximately $11,345,787.90. This represents a 3.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 8,632 shares of company stock valued at $2,719,955. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AAPL shares. Sanford C. Bernstein upped their price target on shares of Apple from $350.00 to $370.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Piper Sandler assumed coverage on Apple in a report on Monday, August 17th. They issued an "overweight" rating for the company. Deutsche Bank Aktiengesellschaft downgraded shares of Apple from a "buy" rating to a "hold" rating in a research report on Monday, August 17th. Jefferies Financial Group reissued an "underperform" rating on shares of Apple in a research note on Wednesday, September 9th. Finally, Arete Research raised their target price on Apple from $305.00 to $335.00 and gave the company a "buy" rating in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Apple has an average rating of "Moderate Buy" and an average price target of $340.14.

Apple Stock Up 0.8%

Shares of NASDAQ AAPL opened at $338.98 on Tuesday. The firm has a market cap of $4.95 trillion, a price-to-earnings ratio of 38.87, a price-to-earnings-growth ratio of 2.92 and a beta of 1.08. The company's 50-day simple moving average is $320.67 and its 200-day simple moving average is $295.43. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last issued 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. 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 period last year, the company posted $1.57 EPS. Apple's quarterly revenue was up 16.4% compared to the same quarter last year. Equities analysts predict that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Dividend Announcement

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

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone 18 Pro demand: JPMorgan said average delivery times increased to 23 days in the second preorder week from seven days in the first, suggesting demand may be stronger than expected. Analyst Gene Munster said current iPhone 18 estimates could be too conservative, while Evercore ISI raised its price target to $380. JPMorgan sees stronger iPhone 18 Pro demand
• Positive Sentiment: Foldable iPhone creates a potential premium-growth opportunity: Apple’s new iPhone Duo, priced at $1,999 and scheduled for an October 23 release, represents the company’s largest iPhone design change in years. Investors view the product as a possible catalyst for higher average selling prices and a new upgrade cycle under CEO John Ternus. Apple’s new CEO bets big on a foldable iPhone
• Positive Sentiment: AI and capital returns support the bullish case: Coverage highlighted the successful rollout of upgraded Siri AI, Apple’s reported interest in building AI inference servers, and its shrinking share count from buybacks. Apple’s large cash position, history of earnings beats and long-term shareholder returns are also reinforcing investor confidence. Apple’s shrinking share count
• Neutral Sentiment: Broader strategic opportunities: Apple and Google are hiring digital-asset specialists, potentially signaling future initiatives involving payments, stablecoins or tokenization. The company could also benefit if U.S.-China trade discussions reduce tariff pressure on technology companies. Google and Apple digital-asset hiring
• Negative Sentiment: Valuation and execution risks are rising: Commentators described AAPL as relatively expensive near its highs, while the $1,999 Duo could limit adoption and expose Apple to foldable-screen execution risks. Google’s AI-powered laptops and Meta’s Muse app also highlight intensifying competition in AI and consumer technology.
• Negative Sentiment: Legal overhang: Apple has begun a 90-day claims period tied to a $250 million settlement over allegations that it falsely advertised Apple Intelligence and Siri capabilities. The financial cost is manageable for Apple, but the dispute could weigh on trust in its AI strategy. $250 million Apple AI settlement claims period

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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