Apple Inc. $AAPL Shares Newly Purchased by Camarda Financial Advisors LLC

Key Points

• Camarda Financial Advisors LLC purchased 23,567 Apple shares in the second quarter, valued at approximately $6.8 million, making Apple 2.1% of its portfolio and its eighth-largest holding.
• Apple holds a “Moderate Buy” consensus rating, with 26 Buy ratings and a consensus price target of $340.14; several analysts recently raised their targets as high as $380.
• Apple’s latest quarterly results exceeded expectations, with $2.02 in EPS and $109.42 billion in revenue, while the company declared a $0.27 quarterly dividend. Separately, insiders sold 11,031 shares worth about $3.5 million over the past quarter.

Camarda Financial Advisors LLC bought a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 23,567 shares of the iPhone maker's stock, valued at approximately $6,819,000. Apple comprises 2.1% of Camarda Financial Advisors LLC's holdings, making the stock its 8th biggest position.

Several other hedge funds have also recently made changes to their positions in AAPL. Avenir Tech Ltd bought a new position in Apple in the 2nd quarter worth approximately $29,000. Longfellow Investment Management Co. LLC purchased a new position in Apple in the 2nd quarter valued at approximately $30,000. Lifetime Wealth Management P.C. bought a new stake in Apple during the 4th quarter valued at $41,000. ABS Investment Management LLC purchased a new stake in shares of Apple during the second quarter worth $376,168,000. Finally, Basso Capital Management L.P. bought a new position in shares of Apple in the fourth quarter worth $88,000. 67.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. CICC Research boosted their price objective on shares of Apple from $310.00 to $340.00 and gave the company an "outperform" rating in a research note on Tuesday, August 4th. Citic Securities raised their price target on shares of Apple from $300.00 to $349.00 in a report on Thursday, August 6th. Evercore set a $380.00 price target on shares of Apple and gave the company an "outperform" rating in a research report on Friday, September 18th. Robert W. Baird upped their price target on shares of Apple from $310.00 to $330.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $340.14.

Insiders Place Their Bets

In related 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 transaction of $815,803.94. Following the transaction, the senior vice president owned 44,391 shares in the company, valued at approximately $15,095,603.46. The trade was a 5.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 11,031 shares of company stock worth $3,535,759 over the last quarter. 0.06% of the stock is owned by insiders.

Apple Stock Down 2.7%

Shares of NASDAQ:AAPL opened at $329.40 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The stock has a fifty day simple moving average of $321.83 and a two-hundred day simple moving average of $298.67. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $345.34. The stock has a market capitalization of $4.81 trillion, a price-to-earnings ratio of 37.78, a PEG ratio of 2.94 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 EPS for the quarter, topping the consensus estimate of $1.89 by $0.13. The company had revenue of $109.42 billion during 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%.Apple's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the company earned $1.57 EPS. On average, research analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

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

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: CEO John Ternus is reportedly considering a leaner, engineering-led structure that could eliminate layers of middle management, accelerate product launches and make Apple more experimental. Investors may view the changes as a response to concerns about slower innovation, particularly in artificial intelligence. Apple CEO overhaul report
• Positive Sentiment: Apple Pay is reportedly launching in a key market, potentially expanding transaction volume and services revenue. Separately, Apple remains a major customer for TSMC’s advanced 2-nanometer chips, supporting future device performance and product differentiation. Apple Pay launch report
• Neutral Sentiment: Apple’s large buyback program remains a relative strength among the Magnificent Seven, although the immediate effect is financial support rather than a new growth catalyst. Apple and Nvidia buybacks
• Negative Sentiment: Bank of America warned that Meta’s Muse could change how consumers search, shop and initiate payments. Even if users continue buying iPhones, AI agents could divert discovery and referral activity away from Apple’s ecosystem, putting pressure on services growth and Apple’s AI strategy. Apple faces threat from Meta Muse
• Negative Sentiment: Reports that Ternus may plan layoffs as memory-chip costs rise raise concerns about gross-margin pressure and slower near-term earnings growth. Apple has already indicated that higher memory expenses could reduce profit per device.
• Negative Sentiment: Apple also faces legal and operational overhangs, including a $5.7 billion patent verdict, a revived UK consumer lawsuit involving Amazon marketplace sales, and an emergency iOS security update addressing a flaw that could enable arbitrary code execution. Apple patent verdict

About Apple

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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