Burk Holdings LLC Acquires New Position in Apple Inc. $AAPL

Key Points

• Burk Holdings LLC acquired 5,073 Apple shares worth approximately $1.47 million in the second quarter, making Apple its 11th-largest holding and 0.5% of its portfolio. Institutional investors collectively own 67.73% of Apple.
• Apple reported quarterly EPS of $2.02, beating the $1.89 consensus estimate, while revenue rose 16.4% year over year to $109.42 billion. The company also maintains a quarterly dividend of $0.27 per share, yielding approximately 0.3%.
• Wall Street’s consensus rating is “Moderate Buy” with a $340.14 price target, although valuation and AI execution remain key concerns; Apple shares recently traded near $335.92, close to their 52-week high.

Burk Holdings LLC bought a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,073 shares of the iPhone maker's stock, valued at approximately $1,468,000. Apple accounts for 0.5% of Burk Holdings LLC's portfolio, making the stock its 11th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in AAPL. Longfellow Investment Management Co. LLC bought a new stake in Apple in the second quarter valued at about $30,000. Lifetime Wealth Management P.C. bought a new position in Apple during the fourth quarter worth about $41,000. Ascentis Wealth Management LLC boosted its holdings in Apple by 822.7% during the second quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker's stock worth $85,000 after buying an additional 260,792 shares during the last quarter. Basso Capital Management L.P. acquired a new position in shares of Apple during the 4th quarter worth about $88,000. Finally, Bard Associates Inc. acquired a new position in shares of Apple during the 4th quarter worth about $109,000. Institutional investors own 67.73% of the company's stock.

Apple Stock Performance

Shares of AAPL opened at $335.92 on Friday. The firm has a market cap of $4.90 trillion, a P/E ratio of 38.52, a PEG ratio of 2.95 and a beta of 1.08. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $345.34. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The firm's 50 day moving average price is $321.41 and its two-hundred day moving average price is $297.07.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter in the prior year, the firm earned $1.57 earnings per share. The firm's revenue was up 16.4% compared to the same quarter last year. On average, analysts forecast that Apple Inc. will post 8.74 EPS for the current fiscal 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 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 was Monday, August 10th. Apple's dividend payout ratio is 12.39%.

Wall Street Analyst Weigh In

AAPL has been the topic of several recent analyst reports. Maxim Group lifted their price objective 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. Arete Research upped their target price on shares of Apple from $305.00 to $335.00 and gave the company a "buy" rating in a research note on Wednesday, June 24th. Evercore set a $380.00 target price on shares of Apple and gave the stock an "outperform" rating in a report on Friday, September 18th. Morgan Stanley reissued an "overweight" rating and set a $360.00 price target on shares of Apple in a research report on Wednesday, September 2nd. Finally, KeyCorp reissued an "underweight" rating on shares of Apple in a report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $340.14.

Insider Transactions at Apple

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of Apple stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $340.06, for a total value of $815,803.94. Following the sale, the senior vice president owned 44,391 shares of the company's stock, valued at $15,095,603.46. This trade represents a 5.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders sold 11,031 shares of company stock worth $3,535,759. 0.06% of the stock is currently owned by corporate insiders.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone 18 demand supports near-term revenue. Long customer lines in India and sustained interest in the iPhone 18 Pro and Pro Max suggest Apple’s premium pricing has not materially weakened demand in a key growth market. However, regional trends are mixed, with China remaining a concern. Inside India newsletter: Apple set to take a bigger bite of the world's second-largest smartphone market
• Positive Sentiment: New hardware and possible AI expansion provide growth catalysts. Apple’s iPhone Duo foldable, M6 Mac mini and M5 Ultra Mac Studio are being positioned as evidence that the company can still generate product excitement. Reports that Apple may develop its own AI server chips could also improve control over infrastructure costs and AI performance. Could John Ternus’ Product Strategy Reshape Apple’s Next Growth Phase?
• Positive Sentiment: Analyst support remains favorable. JPMorgan reaffirmed a “buy” rating, while Bank of America maintained its “buy” rating and set a $370 target, implying further upside from recent levels. Apple analyst ratings
• Neutral Sentiment: Apple renewed Qualcomm’s global patent license agreement. The deal, effective April 1, 2027, removes a potential licensing uncertainty but also highlights Apple’s continuing relationship with Qualcomm for modem-related technology. Qualcomm, Apple extend licensing agreement for chips
• Negative Sentiment: Valuation and AI execution are major investor concerns. Commentators argue that AAPL’s large gains and roughly $4.9 trillion market capitalization leave limited room for disappointment, particularly if Apple’s AI products fail to match Meta’s rapidly advancing AI agents and wearables. Apple stock could be 32% overpriced after fresh AI cost warnings
• Negative Sentiment: Near-term execution issues add pressure. Reports of an iPhone 18 Pro reboot problem requiring a software update, Fitness+ layoffs and an executive’s stock sale may reinforce concerns about product quality, cost control and insider confidence. Apple says software update to fix iPhone 18 Pro rebooting bug is coming next week

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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