Bryn Mawr Trust Advisors LLC Invests $107.45 Million in Apple Inc. $AAPL

Key Points

• Bryn Mawr Trust Advisors acquired 371,340 Apple shares worth approximately $107.45 million, making Apple its second-largest holding at 4.7% of the portfolio. Institutional investors collectively own 67.73% of Apple.
• Apple reported quarterly EPS of $2.02, beating estimates of $1.89, while revenue rose 16.4% year over year to $109.42 billion. The company also pays a quarterly dividend of $0.27, equivalent to a 0.3% yield.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $334.91 target price, though valuation, competition, rising component costs and insider selling remain risks.

Bryn Mawr Trust Advisors LLC bought a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 371,340 shares of the iPhone maker's stock, valued at approximately $107,451,000. Apple comprises 4.7% of Bryn Mawr Trust Advisors LLC's portfolio, making the stock its 2nd largest holding.

Several other large investors have also added to or reduced their stakes in AAPL. Mill Capital Management LLC acquired a new position in Apple during the 2nd quarter valued at about $145,434,000. Plan Group Financial LLC purchased a new stake in shares of Apple in the second quarter worth approximately $7,621,000. Towercrest Capital Management purchased a new stake in shares of Apple in the second quarter worth approximately $9,759,000. Laraway Financial Advisors Inc bought a new position in shares of Apple in the second quarter valued at approximately $12,726,000. Finally, Cornerstone Capital Inc. bought a new position in shares of Apple in the second quarter valued at approximately $14,220,000. Institutional investors own 67.73% of the company's stock.

Insiders Place Their Bets

In other 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 transaction of $456,177.39. Following the completion of the transaction, the senior vice president owned 35,790 shares in the company, valued at approximately $11,345,787.90. This represents a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ben Borders sold 116 shares of the company's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the sale, the insider directly owned 38,713 shares in the company, valued at approximately $11,425,754.82. This trade represents a 0.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 7,310 shares of company stock worth $2,279,378 in the last ninety days. Insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on AAPL shares. Robert W. Baird lifted their target price on Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. HSBC reissued a "buy" rating and issued a $366.00 price target on shares of Apple in a research report on Tuesday. Evercore restated an "outperform" rating on shares of Apple in a research note on Tuesday, August 25th. Phillip Securities lowered shares of Apple from a "hold" rating to a "moderate sell" rating in a research note on Monday, August 3rd. Finally, China Renaissance downgraded shares of Apple from a "buy" rating to a "hold" rating and set a $280.00 target price for the company. in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $334.91.

Apple Stock Up 1.7%

Shares of NASDAQ:AAPL opened at $332.27 on Friday. The company has a market capitalization of $4.85 trillion, a PE ratio of 38.10, a price-to-earnings-growth ratio of 2.88 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 business has a fifty day moving average price of $318.20 and a two-hundred day moving average price of $292.45. Apple Inc. has a 1 year low of $229.02 and a 1 year high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The firm had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same period last year, the firm posted $1.57 EPS. The business's revenue was up 16.4% compared to the same quarter last year. Analysts forecast that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Announces Dividend

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

More Apple News

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 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.

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.