Laidlaw Wealth Acquires $2M Worth of Apple Shares

Laidlaw Wealth Management LLC has acquired shares of Apple Inc., buying 7,597 shares in the second quarter. This investment is valued at approximately $2,198,000 and makes up about 6.3% of Laidlaw's portfolio.

This acquisition is not an isolated incident as other institutional investors have also modified their holdings of Apple stock. Sterling Wealth Management Inc., for example, increased its holdings in Apple by 0.3% in the second quarter, owning a total of 11,579 shares valued at $3,351,000.

Apple's recent quarterly earnings results showed the company reporting $2.02 EPS for the quarter, topping analyst estimates of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, a 16.4% increase from the same period last year.