Grandfield & Dodd LLC Makes New Investment in Apple Inc. $AAPL

Key Points

• Grandfield & Dodd LLC acquired 95,536 Apple shares worth approximately $27.6 million in the second quarter, making Apple 1.4% of its portfolio and its 20th-largest holding. Institutional investors collectively own 67.73% of Apple.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $338.80, though ratings range from Strong Buy to Sell.
• Apple reported better-than-expected quarterly results, including $2.02 in earnings per share and $109.42 billion in revenue, up 16.4% year over year. Shares opened at $332.41, near the company’s 12-month high, while the company continues paying a $0.27 quarterly dividend.

Grandfield & Dodd LLC bought a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 95,536 shares of the iPhone maker's stock, valued at approximately $27,644,000. Apple accounts for approximately 1.4% of Grandfield & Dodd LLC's portfolio, making the stock its 20th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Longfellow Investment Management Co. LLC bought a new stake in Apple during the 2nd quarter valued at $30,000. Lifetime Wealth Management P.C. bought a new position in shares of Apple during the 4th quarter worth $41,000. Basso Capital Management L.P. bought a new position in shares of Apple during the 4th quarter worth $88,000. Bard Associates Inc. purchased a new position in shares of Apple during the fourth quarter valued at $109,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Apple in the fourth quarter valued at about $187,000. Institutional investors own 67.73% of the company's stock.

Insider Activity

In related 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 value of $456,177.39. Following the completion of the transaction, the senior vice president owned 35,790 shares in the company, valued at $11,345,787.90. This trade represents a 3.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders sold 7,194 shares of company stock valued at $2,245,142. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AAPL. Daiwa Securities Group upped their price objective on shares of Apple from $325.00 to $335.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. TD Cowen restated a "buy" rating and issued a $400.00 price target on shares of Apple in a report on Thursday, September 10th. UBS Group reaffirmed a "neutral" rating on shares of Apple in a research report on Thursday, September 10th. DA Davidson reiterated a "neutral" rating and set a $270.00 price objective on shares of Apple in a research note on Wednesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Apple from a "buy" rating to a "hold" rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $338.80.

Apple Price Performance

NASDAQ AAPL opened at $332.41 on Thursday. The firm's fifty day simple moving average is $319.40 and its two-hundred day simple moving average is $293.88. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Apple Inc. has a 12-month low of $236.65 and a 12-month high of $344.57. The firm has a market capitalization of $4.85 trillion, a P/E ratio of 38.12, a P/E/G ratio of 2.88 and a beta of 1.08.

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, topping analysts' consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company's revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.57 earnings per share. Analysts forecast that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed 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 of this dividend was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. Apple's payout ratio is 12.39%.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Reports say Apple is developing enterprise AI servers using its upcoming M8 Ultra chips and is discussing NVIDIA’s NVLink networking technology. The project, potentially launching around 2029, could create a new hardware market, reduce reliance on third-party cloud providers, and help protect Services margins as AI usage grows. Apple Talks to Nvidia About NVLink for Its Own AI Server
• Positive Sentiment: The foldable iPhone Duo and higher-priced Pro models remain major catalysts for revenue and upgrade activity. TD Cowen reportedly set a $400 price target, while Citi survey data points to shorter smartphone replacement cycles and possible Apple market-share gains. Apple Stock Surges After Its Biggest Product Launch in Years
• Positive Sentiment: Analyst support remains favorable: JPMorgan reiterated its Buy rating, and Morgan Stanley is reportedly bullish on Apple’s new offerings. Apple’s Emmy success and continued ecosystem expansion also reinforce the long-term Services and brand story. Apple's Buy Rating Reiterated at JPMorgan
• Neutral Sentiment: The redesigned Siri and iOS 27 introduce broader AI capabilities, but the rollout is initially limited by beta labeling, language and regional restrictions, waitlists, and reports of slow response times. This makes the AI opportunity meaningful but its near-term financial impact uncertain. Apple Falls as Siri AI Arrives Behind a Beta Label
• Negative Sentiment: Analysts describe early iPhone 18 Pro and Pro Max preorders as lukewarm, potentially indicating that customers are delaying purchases for the foldable Duo. Weak Pro demand could pressure the current iPhone cycle if Duo demand does not offset it. iPhone 18 Pro Demand Is Already a Problem for Apple Stock
• Negative Sentiment: Investors are also monitoring slipping margins and an Indian consumer-regulator investigation into Apple’s software warranty and repair practices. Regulatory costs or changes to repair policies could weigh on cash flow and profitability. Indian Consumer Regulator Escalates Probe Into Apple’s Software Warranty Terms

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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