Martin & Co. Inc. TN Acquires New Shares in Apple Inc. $AAPL

Key Points

• Martin & Co. Inc. TN acquired 39,688 Apple shares worth approximately $11.5 million during the second quarter, making Apple its seventh-largest holding and 1.8% of its portfolio.
• Institutional investors own 67.73% of Apple, while several hedge funds recently initiated or increased positions. However, Apple insiders have sold 8,632 shares worth about $2.7 million over the past 90 days.
• Analysts maintain a Moderate Buy consensus with an average price target of $340.14; Apple recently exceeded quarterly EPS and revenue estimates, with revenue up 16.4% year over year.

Martin & Co. Inc. TN bought a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 39,688 shares of the iPhone maker's stock, valued at approximately $11,484,000. Apple comprises 1.8% of Martin & Co. Inc. TN's investment portfolio, making the stock its 7th largest holding.

Other hedge funds have also recently modified their holdings of the company. Longfellow Investment Management Co. LLC purchased a new stake in Apple during the second quarter valued at $30,000. Lifetime Wealth Management P.C. bought a new stake in shares of Apple during the 4th quarter valued at about $41,000. Ascentis Wealth Management LLC grew its position in Apple by 822.7% during the second quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker's stock valued at $85,000 after buying an additional 260,792 shares during the period. Basso Capital Management L.P. purchased a new stake in Apple during the fourth quarter valued at approximately $88,000. Finally, Bard Associates Inc. bought a new position in Apple in the fourth quarter worth approximately $109,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

More Apple News

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

Insider Buying and Selling at Apple

In related news, SVP Jennifer Newstead sold 1,439 shares of the firm's stock in a transaction on Tuesday, September 1st. The shares were 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 directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 8,632 shares of company stock valued at $2,719,955 over the last ninety days. Company insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

AAPL has been the topic of a number of recent research reports. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $303.00 target price on shares of Apple in a report on Thursday, September 10th. Raymond James Financial reaffirmed a "market perform" rating on shares of Apple in a research report on Friday, July 31st. Rothschild & Co Redburn set a $400.00 price objective on Apple and gave the company a "buy" rating in a research note on Monday, August 17th. Moffett Nathanson reissued a "neutral" rating and issued a $304.00 target price (up from $270.00) on shares of Apple in a report on Tuesday, September 8th. Finally, KGI Securities downgraded shares of Apple from an "outperform" rating to a "hold" rating and set a $315.00 price target on the stock. in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Apple has an average rating of "Moderate Buy" and an average price target of $340.14.

Apple Trading Down 0.8%

AAPL stock opened at $337.02 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $345.34. The business has a 50 day simple moving average of $321.36 and a two-hundred day simple moving average of $296.51. The company has a market capitalization 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 released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $109.04 billion. During the same quarter last year, the business posted $1.57 earnings per share. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. Research analysts anticipate that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid 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 yield of 0.3%. Apple's dividend payout ratio is presently 12.39%.

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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