MJP Associates Inc. ADV Acquires Shares of 140,822 Apple Inc. $AAPL

Key Points

• MJP Associates Inc. ADV acquired 140,822 Apple shares worth approximately $40.7 million in the second quarter, making Apple about 4.5% of its portfolio and its seventh-largest holding.
• Other institutions also added Apple, while hedge funds and institutional investors collectively own 67.73% of the company. Apple insiders own just 0.06%, with recent insider sales largely tied to tax obligations.
• Apple reported quarterly earnings and revenue above analyst expectations, while analysts maintain a generally positive outlook with a “Moderate Buy” consensus and an average price target of $340.14.

MJP Associates Inc. ADV acquired a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 140,822 shares of the iPhone maker's stock, valued at approximately $40,748,000. Apple comprises approximately 4.5% of MJP Associates Inc. ADV's portfolio, making the stock its 7th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of AAPL. PCM Encore LLC purchased a new stake in shares of Apple in the 2nd quarter worth $25,306,000. Grand Wealth Management LLC bought a new position in shares of Apple during the 2nd quarter worth $267,000. Trillium Asset Management LLC purchased a new position in shares of Apple during the second quarter valued at $151,000,000. Burr Financial Services LLC bought a new stake in shares of Apple in the second quarter valued at about $2,025,000. Finally, Altman Advisors Inc. purchased a new stake in Apple in the second quarter worth about $10,051,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Transactions at Apple

In other news, SVP Jennifer Newstead sold 1,438 shares of the business's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $330.19, for a total value of $474,813.22. Following the completion of the sale, the senior vice president directly owned 32,914 shares of the company's stock, valued at approximately $10,867,873.66. The trade was a 4.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 8,632 shares of company stock worth $2,719,955. 0.06% of the stock is owned by insiders.

Apple Stock Performance

Shares of AAPL stock opened at $336.13 on Monday. Apple Inc. has a fifty-two week low of $240.21 and a fifty-two week high of $344.57. 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 stock's fifty day moving average is $320.24 and its two-hundred day moving average is $294.90. The firm has a market capitalization of $4.91 trillion, a P/E ratio of 38.55, a PEG ratio of 2.92 and a beta of 1.08.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating the consensus estimate of $1.89 by $0.13. The firm had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.57 EPS. Research analysts expect that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's payout ratio is 12.39%.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Evercore ISI raised its Apple price target to $380 from $365 and maintained an outperform view. A survey of roughly 4,000 consumers indicated a potentially stronger-than-expected iPhone upgrade cycle and a higher average selling price. iPhone 18 Pro Hits Stores Today
• Positive Sentiment: iPhone 18 Pro sales are supported by carrier trade-in promotions. Bank of America said incentives can offset the $100 price increase, reducing the risk that higher prices will weaken demand. Apple’s iPhone 18 Lineup Keeps Bank of America Bullish
• Positive Sentiment: Apple’s ecosystem is gaining additional reach. General Motors plans to restore Apple CarPlay after consumer backlash, while Apple is reportedly preparing an Apple Pay launch in India with Axis Bank. These developments could support services engagement and ecosystem adoption. GM Is Re-downloading Apple CarPlay
• Neutral Sentiment: Initial iPhone 18 Pro demand indicators are mixed. Quick-commerce shortages in India suggest strong localized demand, but UBS cited muted wait times in several major markets. Investors are also assessing whether customers may delay purchases for Apple’s roughly $1,999 foldable iPhone Duo. Apple iPhone 18 Seeing Muted Initial Wait Times
• Negative Sentiment: Risks include premium pricing, valuation and regulatory pressure. Analysts warn that expensive devices could limit adoption in price-sensitive markets such as India. More than 1,600 Italian Apple store employees also struck on launch day, while Apple continues to challenge a potential UK encryption backdoor order and faces European legal scrutiny. Italian Apple Store Employees Strike

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Apple in a research report on Wednesday, September 9th. Evercore set a $380.00 price target on shares of Apple and gave the stock an "outperform" rating in a report on Friday. Wells Fargo & Company reissued an "overweight" rating and set a $350.00 price objective (up from $310.00) on shares of Apple in a report on Friday, July 31st. UBS Group reissued a "buy" rating on shares of Apple in a research report on Thursday. Finally, Citic Securities raised their target price on Apple from $300.00 to $349.00 in a research note on Thursday, August 6th. One 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $340.14.

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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