DeLarme Wealth Management Inc. Buys New Shares in Apple Inc. $AAPL

Key Points

• DeLarme Wealth Management initiated a position in Apple during the second quarter, purchasing 11,830 shares valued at approximately $3.42 million. Apple now represents about 2% of the firm’s portfolio, while institutional investors own 67.73% of the stock.
• Apple reported quarterly earnings of $2.02 per share, exceeding analysts’ $1.89 estimate, while revenue rose 16.4% year over year to $109.42 billion. The company also declared a quarterly dividend of $0.27 per share.
• Analyst sentiment remains generally positive, with Apple holding a “Moderate Buy” consensus rating and a $340.14 average price target. However, the stock faces risks from its premium valuation, mixed early iPhone demand indicators, labor disruptions and regulatory scrutiny.

DeLarme Wealth Management Inc. purchased a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,830 shares of the iPhone maker's stock, valued at approximately $3,423,000. Apple comprises approximately 2.0% of DeLarme Wealth Management Inc.'s investment portfolio, making the stock its 11th largest holding.

Several other institutional investors have also recently modified their holdings of AAPL. Longfellow Investment Management Co. LLC purchased a new stake in Apple in the second quarter worth approximately $30,000. Lifetime Wealth Management P.C. purchased a new position in shares of Apple during the fourth quarter worth approximately $41,000. Basso Capital Management L.P. bought a new stake in shares of Apple in the 4th quarter worth approximately $88,000. Bard Associates Inc. bought a new stake in shares of Apple in the 4th quarter worth approximately $109,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of Apple in the 4th quarter valued at $187,000. 67.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of the firm's 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 of the company's stock, valued at approximately $11,345,787.90. This trade represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 8,632 shares of company stock worth $2,719,955 over the last ninety days. Company insiders own 0.06% of the company's stock.

Apple Trading Down 0.3%

AAPL opened at $336.13 on Friday. Apple Inc. has a one year low of $240.21 and a one year high of $344.57. 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 50 day simple moving average of $320.24 and a two-hundred day simple moving average of $294.69. The firm has a market capitalization of $4.91 trillion, a price-to-earnings ratio of 38.55, a PEG ratio of 2.92 and a beta of 1.08.

Apple (NASDAQ:AAPL - Get Free Report) last announced 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 in the previous year, the firm posted $1.57 EPS. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. Analysts predict that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

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 $0.27 dividend. The ex-dividend date was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. Apple's dividend payout ratio is 12.39%.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Evercore ISI raised its Apple price target to $380 from $365 and maintained an outperform view. A survey of roughly 4,000 consumers indicated a potentially stronger-than-expected iPhone upgrade cycle and a higher average selling price. iPhone 18 Pro Hits Stores Today
• Positive Sentiment: iPhone 18 Pro sales are supported by carrier trade-in promotions. Bank of America said incentives can offset the $100 price increase, reducing the risk that higher prices will weaken demand. Apple’s iPhone 18 Lineup Keeps Bank of America Bullish
• Positive Sentiment: Apple’s ecosystem is gaining additional reach. General Motors plans to restore Apple CarPlay after consumer backlash, while Apple is reportedly preparing an Apple Pay launch in India with Axis Bank. These developments could support services engagement and ecosystem adoption. GM Is Re-downloading Apple CarPlay
• Neutral Sentiment: Initial iPhone 18 Pro demand indicators are mixed. Quick-commerce shortages in India suggest strong localized demand, but UBS cited muted wait times in several major markets. Investors are also assessing whether customers may delay purchases for Apple’s roughly $1,999 foldable iPhone Duo. Apple iPhone 18 Seeing Muted Initial Wait Times
• Negative Sentiment: Risks include premium pricing, valuation and regulatory pressure. Analysts warn that expensive devices could limit adoption in price-sensitive markets such as India. More than 1,600 Italian Apple store employees also struck on launch day, while Apple continues to challenge a potential UK encryption backdoor order and faces European legal scrutiny. Italian Apple Store Employees Strike

Analysts Set New Price Targets

Several research firms recently commented on AAPL. Raymond James Financial reaffirmed a "market perform" rating on shares of Apple in a report on Friday, July 31st. Rosenblatt Securities restated a "neutral" rating and set a $303.00 price target on shares of Apple in a research report on Thursday, September 10th. Seaport Research Partners cut Apple from a "buy" rating to a "neutral" rating in a research note on Monday, August 17th. Citigroup reaffirmed a "buy" rating on shares of Apple in a research note on Thursday, September 10th. Finally, Maxim Group lifted their price objective on Apple from $350.00 to $380.00 and gave the stock a "buy" rating in a report on Friday, July 31st. One 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 assigned a Sell rating to the company. Based on data from MarketBeat, Apple has an average rating of "Moderate Buy" and a consensus price target of $340.14.

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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