Apple Inc. $AAPL Shares Purchased by Spinnaker Trust

Key Points

• Spinnaker Trust increased its Apple stake by 2.3% in the second quarter, adding 5,123 shares for a total of 228,303 shares valued at approximately $66.1 million. Institutional investors collectively own 67.73% of Apple.
• Apple reported quarterly earnings of $2.02 per share, beating estimates of $1.89, while revenue rose 16.4% year over year to $109.42 billion. The company also maintains a quarterly dividend of $0.27 per share, yielding about 0.3%.
• Analyst sentiment remains broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $340.02, although concerns include elevated valuation, rising component costs, AI-related disruption, and a recent $5.7 billion patent verdict.

Spinnaker Trust increased its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 228,303 shares of the iPhone maker's stock after buying an additional 5,123 shares during the period. Apple comprises about 3.2% of Spinnaker Trust's investment portfolio, making the stock its 6th largest position. Spinnaker Trust's holdings in Apple were worth $66,062,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Avenir Tech Ltd acquired a new stake in shares of Apple during the second quarter worth $29,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Apple during the second quarter worth approximately $30,000. Lifetime Wealth Management P.C. bought a new position in shares of Apple in the fourth quarter worth $41,000. Ascentis Wealth Management LLC grew its position in Apple by 822.7% in the 2nd 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 in the last quarter. Finally, Basso Capital Management L.P. bought a new position in shares of Apple in the fourth quarter valued at approximately $88,000. 67.73% of the stock is owned by institutional investors.

Apple Price Performance

NASDAQ:AAPL opened at $330.32 on Friday. The company has a market capitalization of $4.82 trillion, a price-to-earnings ratio of 37.88, a PEG ratio of 2.89 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $345.34. The company has a 50-day moving average of $322.14 and a 200-day moving average of $299.78.

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 for the quarter, beating the consensus estimate of $1.89 by $0.13. The company had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company's revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.57 EPS. As a group, equities 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 disclosed a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's dividend payout ratio is currently 12.39%.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s new fall product cycle is supporting revenue expectations. Morgan Stanley modestly raised its revenue forecast following the product launches, while Counterpoint expects approximately 6 million units of Apple’s $1,999 iPhone Duo foldable to be sold this year. Strong early iPhone 18 Pro demand in China—up 12% year over year during launch week—also supports near-term sales momentum. Apple’s Fall Product Cycle Could Support Revenue Growth
• Positive Sentiment: Apple is expanding its ecosystem beyond the iPhone. Health-focused Apple Watch features, including a health-age metric and Readiness score, could help defend its wearables lead, while a planned October 13 smart-home event may introduce a new hub centered on Siri and Apple Intelligence. Apple Is Betting Improved Heart and Health Insights Will Boost Watch Sales
• Neutral Sentiment: Morgan Stanley lowered its Apple price target to $355 from $360 but retained an Overweight rating. Analysts cited higher memory and component costs and potential iPhone pricing pressure, which largely offset the benefit from stronger product revenue. Morgan Stanley Adjusts Price Target on Apple
• Negative Sentiment: A jury ordered Apple to pay $5.7 billion over Taptic Engine patent claims, raising concerns about additional royalties and pressure on hardware margins. The company also faces a UK marketplace class action. Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
• Negative Sentiment: Investors remain concerned that AI agents such as Meta’s Muse could bypass Apple’s App Store and weaken its high-margin services ecosystem. Analysts said Apple’s product roadmap is attractive but lacks a clear catalyst after its recent rally. Apple Stock’s Upside May Be Limited as AI Agents Could Disrupt Business
• Negative Sentiment: Apple SVP Jennifer Newstead sold 2,399 shares worth approximately $806,496, reducing her holdings by 5.4%. The sale is relatively small compared with her remaining stake but adds modest insider-selling pressure. Apple Insider Transaction Filing

Insider Buying and Selling

In related news, SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total transaction of $806,495.82. Following the completion of the sale, the senior vice president directly owned 41,992 shares of the company's stock, valued at $14,116,870.56. This trade represents a 5.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 13,430 shares of company stock worth $4,342,255. 0.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on AAPL. Barclays reaffirmed an "underweight" rating and set a $245.00 target price (down from $253.00) on shares of Apple in a report on Friday, July 31st. Piper Sandler began coverage on shares of Apple in a research note on Monday, August 17th. They set an "overweight" rating on the stock. Rothschild & Co Redburn set a $400.00 target price on Apple and gave the company a "buy" rating in a report on Monday, August 17th. Moffett Nathanson reiterated a "neutral" rating and set a $304.00 price objective (up from $270.00) on shares of Apple in a report on Tuesday, September 8th. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $350.00 target price (up from $310.00) on shares of Apple in a research note on Friday, July 31st. One 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 given a Sell rating to the stock. According to MarketBeat, Apple presently has an average rating of "Moderate Buy" and a consensus price target of $340.02.

Apple Profile

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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