Roberts Glore & Co. Inc. IL Makes New $18.47 Million Investment in Apple Inc. $AAPL

Key Points

• Roberts Glore & Co. Inc. IL acquired 63,843 Apple shares worth approximately $18.47 million during the second quarter, making Apple its second-largest holding at 4.6% of the portfolio. 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, equivalent to a 0.3% annualized yield.
• Analysts maintain a broadly positive outlook, with Apple carrying a “Moderate Buy” consensus rating and an average price target of $340.14, though some firms have downgraded the stock to neutral or hold amid valuation, margin, AI-competition and legal risks.

Roberts Glore & Co. Inc. IL acquired a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 63,843 shares of the iPhone maker's stock, valued at approximately $18,474,000. Apple accounts for 4.6% of Roberts Glore & Co. Inc. IL's holdings, making the stock its 2nd biggest holding.

Several other hedge funds have also recently bought and sold shares of AAPL. PMV Capital Advisers LLC acquired a new position in Apple during the 2nd quarter worth $1,134,000. Valtrion Capital Management LLC acquired a new stake in Apple in the 2nd quarter valued at about $2,716,000. Jupiter Topco LLC purchased a new position in shares of Apple in the 2nd quarter valued at about $5,378,821,000. Wedbush Fund Advisers LLC boosted its stake in shares of Apple by 5.4% in the 2nd quarter. Wedbush Fund Advisers LLC now owns 183,300 shares of the iPhone maker's stock valued at $53,040,000 after buying an additional 9,414 shares during the period. Finally, Merited Wealth LLC acquired a new position in shares of Apple during the second quarter worth about $1,868,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Stock Up 1.5%

Apple stock opened at $341.07 on Friday. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week 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 company has a market capitalization of $4.98 trillion, a P/E ratio of 39.11, a PEG ratio of 2.96 and a beta of 1.08. The stock has a 50-day simple moving average of $321.56 and a 200-day simple moving average of $297.37.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion for the quarter, compared to the consensus estimate 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 business posted $1.57 EPS. Equities research analysts expect that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. Apple's dividend payout ratio (DPR) is 12.39%.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of recent research reports. KGI Securities lowered shares of Apple from an "outperform" rating to a "hold" rating and set a $315.00 target price on the stock. in a research note on Monday, June 22nd. Rosenblatt Securities reiterated a "neutral" rating and issued a $303.00 price target on shares of Apple in a research note on Thursday, September 10th. Weiss Ratings cut shares of Apple from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 18th. BTIG Research assumed coverage on shares of Apple in a research report on Monday, August 17th. They issued a "neutral" rating on the stock. Finally, Seaport Research Partners lowered shares of Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Apple has an average rating of "Moderate Buy" and an average target price of $340.14.

Insider Activity

In other news, SVP Jennifer Newstead sold 2,399 shares of Apple stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $340.06, for a total value of $815,803.94. Following the transaction, the senior vice president directly owned 44,391 shares of the company's stock, valued at $15,095,603.46. The trade was a 5.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 11,031 shares of company stock worth $3,535,759 in the last 90 days. Company insiders own 0.06% of the company's stock.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: iPhone 18 demand remains encouraging. Long lines in India and strong interest in the iPhone 18 Pro and Pro Max suggest Apple’s premium pricing is holding up in an important growth market. Evercore ISI raised its price target to $380 from $365 while maintaining an outperform rating. Apple iPhone demand in India
• Positive Sentiment: Momentum and technical positioning remain supportive. AAPL has gained roughly 10% over the past month and is approaching a potential buy point, helping sustain investor interest. Bank of America and JPMorgan have reiterated bullish ratings, while several analysts maintain targets above the current trading range. Apple stock approaches buy point
• Neutral Sentiment: Apple is expanding its product ecosystem. The company plans a refreshed HomePod mini, while reports suggest it may develop its own AI server chips. These initiatives could support future ecosystem engagement and infrastructure efficiency, but they are not yet material earnings drivers. Apple to release new HomePod mini
• Negative Sentiment: Rising component costs could pressure margins. Bernstein warned that surging memory and other smartphone component costs may weigh on gross margins and earnings in the December quarter, particularly as Apple introduces more expensive iPhones. Apple’s expensive new iPhones and margins
• Negative Sentiment: Valuation and AI execution remain key risks. At nearly $5 trillion in market value and about 38–39 times earnings, Apple requires continued earnings growth to justify its valuation. Analysts argue Alphabet’s Gemini ecosystem and monetization progress currently give it an edge in consumer AI, while Meta’s AI devices add competitive pressure. Alphabet versus Apple in consumer AI
• Negative Sentiment: Legal and product issues add uncertainty. A judge certified a class of payment card issuers in an Apple Pay antitrust lawsuit alleging improper fees. Separately, Apple is preparing a software fix for an iPhone 18 Pro reboot problem. Apple Pay class-action lawsuit

Apple Company 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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