Maloon Powers Pitre Higgins & Dennehy LLC Purchases New Shares in Apple Inc. $AAPL

Key Points

• Maloon Powers Pitre Higgins & Dennehy LLC purchased 127,329 Apple shares in the second quarter, valued at approximately $36.8 million. Apple now represents 12.7% of the firm’s portfolio and is its largest holding.
• Institutional investor interest remains strong, with institutional shareholders owning 67.73% of Apple; Berkshire Hathaway, Bank of America and Legal & General also reported significant positions or purchases.
• Apple’s latest quarter exceeded expectations, with revenue up 16.4% year over year to $109.42 billion and EPS of $2.02 versus a $1.89 consensus estimate. Analysts maintain a “Moderate Buy” consensus, with an average price target of $340.02.

Maloon Powers Pitre Higgins & Dennehy LLC purchased a new stake 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 fund purchased 127,329 shares of the iPhone maker's stock, valued at approximately $36,844,000. Apple accounts for approximately 12.7% of Maloon Powers Pitre Higgins & Dennehy LLC's investment portfolio, making the stock its biggest position.

Several other large investors have also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc bought a new position in Apple during the second quarter worth about $65,950,297,000. Bank of America Corp DE bought a new stake in Apple in the 2nd quarter valued at about $36,986,090,000. Legal & General Group Plc bought a new stake in Apple in the 2nd quarter valued at about $30,443,242,000. Nuveen LLC grew its position in shares of Apple by 3.8% during the 4th quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker's stock worth $20,389,750,000 after purchasing an additional 2,725,121 shares in the last quarter. Finally, Amundi increased its holdings in shares of Apple by 23.2% during the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after purchasing an additional 13,780,080 shares during the period. Institutional investors own 67.73% of the company's stock.

Apple Price Performance

Shares of AAPL stock opened at $333.63 on Wednesday. The business has a fifty day simple moving average of $321.95 and a 200 day simple moving average of $301.49. The company has a market cap of $4.87 trillion, a P/E ratio of 38.26, a P/E/G ratio of 2.65 and a beta of 1.07. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $345.34.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion for 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 business's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.57 earnings per share. On average, sell-side analysts forecast that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's dividend payout ratio (DPR) is presently 12.39%.

Insider Activity at Apple

In other Apple news, SVP Deirdre O'brien sold 46,389 shares of the firm's stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $333.42, for a total value of $15,467,020.38. Following the sale, the senior vice president owned 136,810 shares in the company, valued at $45,615,190.20. This trade represents a 25.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total transaction of $806,495.82. Following the completion of the sale, the senior vice president owned 41,992 shares in the company, valued at $14,116,870.56. This represents a 5.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 276,984 shares of company stock valued at $92,116,025. Company insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of analyst reports. HSBC reiterated a "buy" rating and issued a $366.00 price target on shares of Apple in a research report on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft lowered Apple from a "buy" rating to a "hold" rating in a research note on Monday, August 17th. Rosenblatt Securities reiterated a "neutral" rating and set a $303.00 target price on shares of Apple in a research report on Thursday, September 10th. Wells Fargo & Company reissued an "overweight" rating and set a $350.00 target price (up from $310.00) on shares of Apple in a report on Friday, July 31st. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Apple in a research report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $340.02.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is reportedly partnering with LG to develop smart-home products including a smart lock, thermostat and doorbell. Expanding into connected-home hardware could deepen the Apple ecosystem and create additional long-term revenue opportunities. Apple smart home partnership
• Positive Sentiment: App Store revenue growth rebounded to approximately 5% in September after a weaker August, suggesting improving momentum for Apple’s high-margin Services business. The recovery is supportive, although UBS remains cautious about the durability of the growth. App Store growth rebounds
• Positive Sentiment: Apple’s latest reported quarter remains a fundamental support: revenue rose 16.4% year over year to $109.42 billion and earnings exceeded analyst expectations. Investor optimism is also tied to a potential Siri overhaul and stronger AI capabilities.
• Neutral Sentiment: Apple is trading above many analyst price targets, while its roughly 38-times earnings valuation leaves limited room for execution disappointments. Investors are watching whether a possible $1,999 foldable iPhone can justify premium pricing and sustain the current market multiple. Apple valuation and memory costs
• Neutral Sentiment: Apple’s weighting in major index and technology ETFs remains substantial as Apple, Microsoft and Nvidia together account for about 21% of the S&P 500. This supports demand through passive investing but also increases concentration and valuation risk. Apple ETF exposure
• Negative Sentiment: Memory-cost inflation could pressure gross margins, while analysts expect earnings growth to slow to roughly 8.5% in 2027. Concerns that Apple remains behind rivals in AI monetization make the premium valuation more difficult to defend. Apple earnings multiple concerns
• Negative Sentiment: CEO John Ternus, Timothy Cook and SVP Deirdre O’Brien sold shares worth roughly $87.8 million in total. The filings cited tax withholding related to vested equity awards, reducing the signal of bearish intent, but the insider selling may still create short-term headline pressure. Apple insider sales

Apple Company Profile

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple's services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

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