JM2 Capital Inc. Invests $8.63 Million in Apple Inc. $AAPL

Key Points

• JM2 Capital bought a new position in Apple, acquiring 31,754 shares valued at about $8.63 million, making AAPL ~6.9% of its portfolio and the fund's second-largest holding.
• Apple beat Q1 estimates, reporting $2.01 EPS (vs. $1.95 consensus) and $111.18 billion in revenue (up 16.6% YoY), and raised its quarterly dividend to $0.27.
• Strategically, Apple has held talks about U.S. chip production with Intel and Samsung and will let users choose third‑party AI models in iOS 27, but it faces risks including a $250M Siri/AI settlement and rising RAM costs that could pressure margins.

JM2 Capital Inc. bought a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 31,754 shares of the iPhone maker's stock, valued at approximately $8,633,000. Apple comprises about 6.9% of JM2 Capital Inc.'s investment portfolio, making the stock its 2nd biggest holding.

Several other large investors have also recently made changes to their positions in AAPL. Overbrook Management Corp grew its position in Apple by 57.4% in the fourth quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker's stock worth $28,449,000 after acquiring an additional 38,174 shares in the last quarter. Highland Capital Management LLC grew its position in Apple by 2.2% in the third quarter. Highland Capital Management LLC now owns 397,834 shares of the iPhone maker's stock worth $101,301,000 after acquiring an additional 8,446 shares in the last quarter. Citizens Financial Group Inc. RI grew its position in Apple by 48.4% in the third quarter. Citizens Financial Group Inc. RI now owns 1,426,605 shares of the iPhone maker's stock worth $363,256,000 after acquiring an additional 465,393 shares in the last quarter. Tufton Capital Management grew its position in Apple by 4.3% in the third quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker's stock worth $25,496,000 after acquiring an additional 4,157 shares in the last quarter. Finally, Montis Financial LLC grew its position in Apple by 15.8% in the third quarter. Montis Financial LLC now owns 77,919 shares of the iPhone maker's stock worth $19,841,000 after acquiring an additional 10,640 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Apple Stock Up 2.7%

Shares of NASDAQ:AAPL opened at $284.18 on Wednesday. Apple Inc. has a 1 year low of $193.25 and a 1 year high of $288.62. The business has a 50 day simple moving average of $261.12 and a two-hundred day simple moving average of $265.51. The firm has a market capitalization of $4.17 trillion, a PE ratio of 34.36, a price-to-earnings-growth ratio of 2.42 and a beta of 1.06. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.06. Apple had a return on equity of 146.69% and a net margin of 27.15%.The business had revenue of $111.18 billion during the quarter, compared to analyst estimates of $109.46 billion. During the same quarter in the previous year, the business earned $1.65 earnings per share. The company's revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities analysts predict that Apple Inc. will post 8.72 EPS for the current year.

Apple Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Monday, May 11th will be issued a $0.27 dividend. The ex-dividend date is Monday, May 11th. This is a positive change from Apple's previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. Apple's dividend payout ratio (DPR) is presently 12.58%.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several recent research reports. Stephens set a $315.00 price target on Apple in a research report on Monday, January 26th. Stifel Nicolaus set a $330.00 price target on Apple in a research report on Monday, March 2nd. Robert W. Baird set a $310.00 target price on Apple in a research report on Friday. Morgan Stanley restated an "overweight" rating and set a $330.00 target price (up from $315.00) on shares of Apple in a research report on Friday. Finally, Maxim Group upgraded Apple from a "hold" rating to a "buy" rating and set a $300.00 target price for the company in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $304.31.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple held exploratory talks with Intel and Samsung about making its main device processors in the U.S., which reduces single-supplier (TSMC) risk and is being priced as a supply-chain hedge by investors. Apple explores using Intel, Samsung to build main device chips in the US
• Positive Sentiment: Apple plans to let users choose third‑party AI models across iOS 27 features and is positioning devices as AI platforms — a strategic move that broadens the company’s AI roadmap without having to rely solely on its in-house models. Apple to let users choose rival AI models across iOS 27 features
• Positive Sentiment: Fundamentals remain solid: strong March-quarter results, continued iPhone strength (iPhone 17 cited as top seller in Q1), services momentum, and shareholder returns (dividend and a large buyback) support the stock’s rally. iPhone 17 Rules, Becomes World's Best-Selling Smartphone
• Neutral Sentiment: Reports emphasize these chip talks are preliminary with no orders placed; switching foundries involves technology, scale and reliability tradeoffs, so any supply-chain benefit will depend on formal contracts and ramp timelines. Apple explores Intel, Samsung as U.S. chip suppliers
• Negative Sentiment: Apple agreed to a $250M settlement in a shareholder suit over delayed Siri/Apple Intelligence features — a headline risk and cash outflow that briefly pressures sentiment. Apple settles lawsuit over late Siri AI features for $250 million
• Negative Sentiment: Management has warned that rising memory (RAM) costs tied to AI needs could raise hardware prices and weigh on margins — a structural cost pressure to monitor. Apple's Tim Cook says AI-fueled 'RAMmageddon' will make your next laptop and phone a lot pricier

Insider Activity at Apple

In related news, SVP Deirdre O'brien sold 30,002 shares of the business's stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total value of $7,661,010.70. Following the completion of the sale, the senior vice president owned 136,810 shares in the company, valued at approximately $34,934,433.50. The trade was a 17.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Timothy D. Cook sold 64,949 shares of the business's stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total value of $16,511,984.27. Following the completion of the sale, the chief executive officer owned 3,280,418 shares of the company's stock, valued at $833,980,668.14. The trade was a 1.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 96,485 shares of company stock worth $24,594,845. Company insiders own 0.06% of the company's stock.

About Apple

Apple Inc NASDAQ: AAPL is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple's principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

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.