Arrowroot Family Office LLC Makes New $4.32 Million Investment in Apple Inc. $AAPL

Key Points

• Arrowroot Family Office LLC bought 14,927 Apple shares worth approximately $4.32 million in the second quarter, making Apple its 19th-largest holding and representing about 1.2% of its portfolio.
• Institutional ownership remains substantial, with hedge funds and other institutional investors holding 67.73% of Apple’s stock; several investment firms also initiated new positions during the quarter.
• Apple exceeded quarterly expectations with $2.02 in earnings per share and $109.42 billion in revenue, while analysts maintain a “Moderate Buy” consensus and an average price target of $338.80. Shares recently opened at $333.08, near their 52-week high.

Arrowroot Family Office LLC purchased a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,927 shares of the iPhone maker's stock, valued at approximately $4,319,000. Apple accounts for approximately 1.2% of Arrowroot Family Office LLC's portfolio, making the stock its 19th largest position.

Several other hedge funds also recently made changes to their positions in AAPL. Zeit Capital LLC bought a new stake in Apple during the second quarter valued at $351,000. Barden Capital Management Inc. purchased a new position in Apple in the second quarter worth $2,638,000. Nippon Life Global Investors Americas Inc. purchased a new position in Apple in the second quarter worth $124,928,000. Private Wealth Advisors LLC bought a new position in Apple in the second quarter valued at $3,406,000. Finally, Flputnam Investment Management Co. bought a new position in Apple in the second quarter valued at $302,546,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Price Performance

AAPL opened at $333.08 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The stock's 50 day simple moving average is $318.61 and its 200 day simple moving average is $293.06. The firm has a market cap of $4.86 trillion, a price-to-earnings ratio of 38.20, a PEG ratio of 2.89 and a beta of 1.08. Apple Inc. has a 1 year low of $235.03 and a 1 year high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last announced 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 firm 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%.The business's revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.57 earnings per share. As a group, analysts predict that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Dividend Announcement

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

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Analysts remain bullish on the iPhone cycle. Bank of America reaffirmed its Buy rating and $370 price target, citing encouraging iPhone 18 trends and potential artificial-intelligence upside. JPMorgan also maintained a Buy rating, pointing to the longer-term opportunity from the iPhone 18 cycle and foldable Duo. Apple Buy Rating Reaffirmed
• Positive Sentiment: The iPhone Duo is fueling growth expectations. Analysts and industry observers believe Apple’s first foldable iPhone could expand the premium smartphone market, strengthen the product cycle and create a new source of revenue and earnings growth. Can New iPhone Duo Power Apple's Stock Higher?
• Positive Sentiment: Apple’s antitrust exposure has eased. Elon Musk’s X Corp. and SpaceXAI moved to resolve or dismiss their antitrust claims against Apple related to its ChatGPT integration, reducing one legal overhang, although related claims against OpenAI continue. Musk's X Corp and SpaceXAI Resolve Antitrust Lawsuit
• Neutral Sentiment: iPhone 18 Pro pre-orders are sending mixed signals. Delivery estimates are generally shorter than during last year’s iPhone 17 launch, which could indicate softer demand, but may also reflect supply improvements or customers waiting for the iPhone Duo. Apple iPhone 18 Pro Pre-orders Point to Mixed Demand Signals
• Neutral Sentiment: Apple released iOS 27 with a redesigned Siri. The update expands Apple’s AI capabilities, but the initial waitlist and support for existing devices could limit near-term iPhone replacement demand. Apple Releases Redesigned Siri AI
• Negative Sentiment: Valuation and cost risks remain. With Apple trading near its 52-week high at a premium earnings multiple, investors may demand strong Duo adoption. Reports of sharply higher memory prices could pressure hardware margins or force price increases, while OpenAI’s acquisition of an AI-camera startup founded by former Apple employees highlights intensifying competition in AI-enabled devices. Apple CEO Warns of Memory Price Crisis

Analyst Ratings Changes

Several brokerages have issued reports on AAPL. Royal Bank Of Canada set a $365.00 price target on Apple in a research note on Wednesday, July 15th. DA Davidson reiterated a "neutral" rating and set a $270.00 price objective on shares of Apple in a research report on Wednesday, September 2nd. Phillip Securities raised their price objective on Apple from $290.00 to $300.00 and gave the company a "neutral" rating in a report on Monday. Moffett Nathanson reaffirmed a "neutral" rating and issued a $304.00 target price (up from $270.00) on shares of Apple in a research note on Tuesday, September 8th. Finally, DZ Bank lowered shares of Apple from a "buy" rating to a "hold" rating and set a $310.00 price objective for the company. in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and an average price target of $338.80.

Insiders Place Their Bets

In other Apple news, SVP Jennifer Newstead sold 1,438 shares of the firm's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $317.23, for a total value of $456,176.74. Following the sale, the senior vice president owned 34,352 shares of the company's stock, valued at $10,897,484.96. This trade represents a 4.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 7,194 shares of company stock worth $2,245,142. Corporate insiders own 0.06% of the company's stock.

About Apple

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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