Haverford Trust Co Purchases Shares of 2,265,185 Apple Inc. $AAPL

Key Points

• Haverford Trust Co. acquired 2.27 million Apple shares worth approximately $655.5 million in the second quarter, making Apple its second-largest portfolio holding at 5.7%. 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 declared a quarterly dividend of $0.27 per share, representing a 0.3% yield.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $340.14; several firms recently raised their targets to between $330 and $375.

Haverford Trust Co acquired a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,265,185 shares of the iPhone maker's stock, valued at approximately $655,454,000. Apple makes up 5.7% of Haverford Trust Co's investment portfolio, making the stock its 2nd largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. Clear Harbor Asset Management LLC bought a new stake in shares of Apple in the 2nd quarter worth about $89,182,000. First Nebraska Trust Co bought a new stake in shares of Apple during the 2nd quarter worth approximately $80,819,000. Kendall Capital Management bought a new stake in shares of Apple during the second quarter worth $7,386,000. Kirtland Hills Capital Management LLC bought a new stake in Apple during the 2nd quarter valued at about $5,846,000. Finally, Vista Investment Management bought a new stake in shares of Apple during the second quarter valued at approximately $2,776,000. Institutional investors own 67.73% of the company's stock.

Apple Stock Performance

Shares of Apple stock opened at $337.02 on Thursday. Apple Inc. has a one year low of $243.42 and a one year 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 business's 50 day moving average price is $321.36 and its 200 day moving average price is $296.51. The company has a market cap of $4.92 trillion, a price-to-earnings ratio of 38.65, a PEG ratio of 2.95 and a beta of 1.08.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results 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. The company had revenue of $109.42 billion during 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% compared to the same quarter last year. During the same quarter last year, the firm earned $1.57 earnings per share. On average, research analysts predict that Apple Inc. will post 8.74 EPS for the current year.

Apple Announces Dividend

The business also recently declared 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. The ex-dividend date was Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple's dividend payout ratio is 12.39%.

Analysts Set New Price Targets

AAPL has been the subject of several recent research reports. Oppenheimer restated a "market perform" rating on shares of Apple in a report on Thursday, September 10th. Sanford C. Bernstein raised their price objective on Apple from $350.00 to $370.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Piper Sandler began coverage on shares of Apple in a research report on Monday, August 17th. They set an "overweight" rating on the stock. Robert W. Baird increased their price objective on Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, July 24th. Finally, Argus raised their target price on shares of Apple from $325.00 to $375.00 in a report on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Apple presently has an average rating of "Moderate Buy" and a consensus target price of $340.14.

Insider Buying and Selling at Apple

In other news, SVP Jennifer Newstead sold 1,438 shares of the firm's stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $330.19, for a total value of $474,813.22. Following the sale, the senior vice president directly owned 32,914 shares in the company, 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 link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 8,632 shares of company stock worth $2,719,955 in the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

Trending Headlines about Apple

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 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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