Campbell Newman Asset Management Inc. Trims Stock Position in Apple Inc. $AAPL

Key Points

• Campbell Newman Asset Management cut its Apple position by 7.8% in the second quarter, selling 24,179 shares and retaining 286,001 shares worth approximately $82.8 million. Apple remains the firm’s second-largest holding and represents 6.1% of its portfolio.
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, exceeding analyst expectations, while revenue increased 16.4% year over year. Institutional investors own 67.73% of the company.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $340.14, though targets range from $245 to $380. Key risks include possible disruption from AI agents, legal challenges and a reported engineering-focused restructuring under new CEO John Ternus.

Campbell Newman Asset Management Inc. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 7.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 286,001 shares of the iPhone maker's stock after selling 24,179 shares during the quarter. Apple comprises about 6.1% of Campbell Newman Asset Management Inc.'s investment portfolio, making the stock its 2nd largest position. Campbell Newman Asset Management Inc.'s holdings in Apple were worth $82,757,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AAPL. Avenir Tech Ltd bought a new stake in Apple during the second quarter worth approximately $29,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Apple in the 2nd quarter valued at approximately $30,000. Lifetime Wealth Management P.C. bought a new stake in shares of Apple in the 4th quarter valued at approximately $41,000. Ascentis Wealth Management LLC boosted its holdings in shares of Apple by 822.7% in the 2nd quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker's stock worth $85,000 after purchasing an additional 260,792 shares during the period. Finally, Basso Capital Management L.P. purchased a new position in shares of Apple in the 4th quarter worth approximately $88,000. Institutional investors own 67.73% of the company's stock.

Insider Activity

In other news, SVP Jennifer Newstead sold 2,399 shares of the business's stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $340.06, for a total transaction of $815,803.94. Following the completion of the sale, the senior vice president owned 44,391 shares of the company's stock, valued at $15,095,603.46. The trade was a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 11,031 shares of company stock valued at $3,535,759 in the last quarter. 0.06% of the stock is owned by company insiders.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Counterpoint Research estimates Apple could sell approximately 6 million iPhone Duo foldable handsets in 2026, despite the device’s premium starting price of $1,999. Pre-orders reportedly begin October 16, with deliveries scheduled for October 23. Apple Predicted To Sell 6 Million iPhone Duo Handsets This Year
• Positive Sentiment: Early iPhone 18 Pro demand in China is encouraging: first-week sales rose 12% year over year, and Apple captured 33% of smartphone sales during the measured period. Analysts also see consumers showing greater willingness to pay for higher-priced models. Apple iPhone 18 Pro China Launch-Week Sales Rise 12%
• Positive Sentiment: Reports that Apple will unveil a new smart-home hub at an October 13 event added to expectations for expansion beyond the iPhone. The company is also reportedly renewing its Qualcomm licensing agreement, supporting continuity for its device and connectivity roadmap. Apple Plans Smart-Home Push
• Positive Sentiment: Broader technology stocks benefited from cooler inflation data, which reduced near-term concerns about additional Federal Reserve rate hikes. Apple also received a favorable endorsement from Jim Cramer ahead of the Duo launch.
• Neutral Sentiment: New CEO John Ternus is reportedly considering an engineering-focused restructuring, faster product releases and fewer management layers. The changes could improve innovation and execution, but they introduce transition risk and may include layoffs as memory costs rise. Apple’s New CEO Plans Overhaul
• Negative Sentiment: Bank of America warned that Meta’s Muse and other AI agents could divert product discovery, shopping activity and services revenue away from Apple’s ecosystem, increasing pressure on Siri, Apple Pay and the App Store.
• Negative Sentiment: Apple patched a zero-day vulnerability reportedly used in targeted attacks involving iPhone crypto wallets. In addition, a UK class-action case over marketplace restrictions was allowed to proceed, creating ongoing legal and reputational risks.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $333.02 on Thursday. The company has a market capitalization of $4.86 trillion, a PE ratio of 38.19, a price-to-earnings-growth ratio of 2.86 and a beta of 1.08. 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's fifty day moving average price is $321.97 and its 200 day moving average price is $299.21. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $345.34.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The firm had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same quarter last year, the firm posted $1.57 EPS. The business's revenue was up 16.4% on a year-over-year basis. On average, research analysts predict that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed 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. 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 (DPR) is presently 12.39%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. DA Davidson reiterated a "neutral" rating and issued a $270.00 target price on shares of Apple in a research note on Wednesday, September 2nd. Weiss Ratings lowered shares of Apple from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, September 18th. Barclays reaffirmed an "underweight" rating and issued a $245.00 price target (down from $253.00) on shares of Apple in a research report on Friday, July 31st. Robert W. Baird increased their price objective on shares of Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Finally, Maxim Group lifted their price objective on shares of Apple from $350.00 to $380.00 and gave the company a "buy" rating in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $340.14.

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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