Berry Wealth Group LP Acquires Shares of 11,664 Apple Inc. $AAPL

Key Points

• Berry Wealth Group LP acquired 11,664 Apple shares worth approximately $3.38 million, making Apple its second-largest holding at 10.8% of the portfolio.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $340.14; several firms recently raised targets to $370–$380.
• Apple reported quarterly earnings and revenue above estimates, while institutional investors own 67.73% of the stock. An insider also sold 1,438 shares to cover tax obligations related to vested equity awards.

Berry Wealth Group LP purchased a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,664 shares of the iPhone maker's stock, valued at approximately $3,375,000. Apple comprises about 10.8% of Berry Wealth Group LP's holdings, making the stock its 2nd biggest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sterling Wealth Management Inc. increased its position in shares of Apple by 0.3% in the second quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker's stock valued at $3,351,000 after buying an additional 30 shares in the last quarter. Evansbrook LLC lifted its position in shares of Apple by 0.4% during the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker's stock valued at $2,054,000 after buying an additional 34 shares in the last quarter. JMG Financial Group Ltd. lifted its position in shares of Apple by 0.7% during the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock valued at $1,295,000 after buying an additional 35 shares in the last quarter. Advocate Investing Services LLC grew its stake in Apple by 0.5% in the 2nd quarter. Advocate Investing Services LLC now owns 7,847 shares of the iPhone maker's stock valued at $2,271,000 after acquiring an additional 39 shares during the period. Finally, Interactive Financial Advisors Inc. raised its position in Apple by 4.0% during the fourth quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock worth $286,000 after acquiring an additional 40 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Activity

In related news, SVP Jennifer Newstead sold 1,438 shares of the firm's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $330.19, for a total transaction of $474,813.22. Following the completion of the sale, the senior vice president directly owned 32,914 shares of the company's stock, valued at approximately $10,867,873.66. This trade represents a 4.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 8,632 shares of company stock worth $2,719,955. 0.06% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on AAPL shares. Maxim Group boosted their target price on shares of Apple from $350.00 to $380.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Bank of America reaffirmed a "buy" rating and set a $370.00 target price on shares of Apple in a report on Wednesday. Sanford C. Bernstein increased their target price on shares of Apple from $350.00 to $370.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. JPMorgan Chase & Co. reissued a "buy" rating on shares of Apple in a research note on Sunday, September 13th. Finally, Weiss Ratings lowered shares of Apple from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company 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: Bank of America reaffirmed its Buy rating and assigned a $370 price target, implying further upside. The firm highlighted improving iPhone 18 Pro Max availability trends, while premium demand remains relatively resilient. BofA Sends Stark Message to Apple Stock Investors on iPhone 18
• Positive Sentiment: Apple’s new M6 Mac mini and M5 Mac Studio are being marketed as lower-cost alternatives to cloud-based AI infrastructure, potentially expanding Apple’s enterprise opportunity. Their ability to run large AI models locally could create a new hardware growth driver. With new Macs, Apple aims to take on Microsoft and Nvidia
• Positive Sentiment: Reports that Apple is developing a screenless fitness tracker to compete with Whoop and Oura point to potential long-term expansion in health and wearables, although a launch may not occur until 2028. Apple could take on Whoop with a new fitness tracker

Apple Stock Down 0.8%

Shares of NASDAQ AAPL opened at $337.02 on Thursday. The company has a market capitalization of $4.92 trillion, a P/E ratio of 38.65, a P/E/G ratio of 2.95 and a beta of 1.08. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The company has a 50 day simple moving average of $321.36 and a 200-day simple moving average of $296.51. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $345.34.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The firm's quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.57 earnings per share. On average, equities research analysts predict that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.3%. Apple's dividend payout ratio is currently 12.39%.

About Apple

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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