Deepwater Asset Management LLC Invests $1.56 Million in Apple Inc. $AAPL

Key Points

• Deepwater Asset Management acquired 5,409 Apple shares worth approximately $1.56 million in the second quarter, while institutional investors collectively own 67.73% of the company.
• Apple reported better-than-expected quarterly results, with $2.02 in EPS and $109.42 billion in revenue, up 16.4% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $338.80.
• Growth expectations are supported by carrier incentives, a potential iPhone upgrade cycle and Apple’s planned AI infrastructure, though the company faces a premium valuation and regulatory risks including a $2.7 billion UK lawsuit.

Deepwater Asset Management LLC acquired a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 5,409 shares of the iPhone maker's stock, valued at approximately $1,565,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Deutsche Bank AG bought a new position in shares of Apple during the second quarter valued at about $13,658,359,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Apple in the second quarter worth about $10,588,946,000. Vanguard Group Inc. lifted its stake in shares of Apple by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock valued at $387,749,545,000 after acquiring an additional 26,856,752 shares during the last quarter. Diamant Asset Management Inc. lifted its stake in shares of Apple by 24,974.3% in the 1st quarter. Diamant Asset Management Inc. now owns 26,614,323 shares of the iPhone maker's stock valued at $6,754,449,000 after acquiring an additional 26,508,181 shares during the last quarter. Finally, Amundi boosted its holdings in Apple by 23.2% during the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $18,547,637,000 after acquiring an additional 13,780,080 shares during the period. Institutional investors own 67.73% of the company's stock.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America reiterated its Buy rating and set a $370 price target, citing carrier incentives of up to $1,200, a potentially strong iPhone upgrade cycle, capital returns and opportunities for edge AI. Apple’s iPhone Upgrade Cycle Looks Strong As Carrier Incentives Hit $1,200
• Positive Sentiment: Carrier promotions are helping offset higher iPhone 18 Pro prices, supporting expectations for sales despite concerns that consumers could be waiting for Apple’s foldable iPhone Duo. Apple also reportedly gained smartphone market share, even as overall industry shipments declined. Apple iPhone 18 Pro Sales Helped By Carrier Promotions
• Positive Sentiment: Reports that Apple is developing AI servers powered by M8 Ultra chips provided a longer-term growth narrative. The planned infrastructure, potentially using NVIDIA networking technology, could reduce cloud costs, protect Services margins and create an enterprise-server opportunity around 2029. Apple Is Quietly Building an AI Advantage Few Expected
• Positive Sentiment: Apple remains a core Berkshire Hathaway holding, representing more than half of Warren Buffett’s portfolio along with American Express and Alphabet. This reinforces the perception of Apple as a high-quality, cash-generating long-term investment. Warren Buffett Has More Than 50% of His Portfolio in These 3 Stocks
• Neutral Sentiment: Early iPhone 18 Pro preorder signals are mixed. Some analysts see shorter wait times as a sign of softer demand, while others believe carrier discounts and customers delaying purchases for the foldable model explain the pattern. Bank of America flags surprising iPhone 18 pre-order trend
• Negative Sentiment: Apple’s premium valuation leaves limited room for disappointment, while a $2.7 billion UK lawsuit over app-tracking rules and continuing European scrutiny add regulatory risk. An executive’s stock sale was disclosed, although it was conducted to cover tax withholding on vested equity and is not necessarily a bearish signal. Apple Faces a $2.7 Billion UK Lawsuit

Apple Price Performance

AAPL opened at $337.00 on Friday. 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 stock has a market capitalization of $4.92 trillion, a PE ratio of 38.65, a price-to-earnings-growth ratio of 2.89 and a beta of 1.08. The stock's 50 day moving average price is $319.82 and its 200-day moving average price is $294.40. Apple Inc. has a 52-week low of $236.65 and a 52-week high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion during 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 firm's revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 earnings per share. On average, equities research analysts predict that Apple Inc. will post 8.74 EPS for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's dividend payout ratio (DPR) is currently 12.39%.

Analyst Upgrades and Downgrades

AAPL has been the topic of several recent research reports. HSBC restated a "buy" rating and set a $366.00 price target on shares of Apple in a research report on Tuesday, September 8th. Wedbush reissued an "outperform" rating and set a $400.00 price objective on shares of Apple in a research note on Friday, June 5th. Loop Capital cut their target price on shares of Apple from $350.00 to $340.00 and set a "buy" rating on the stock in a report on Tuesday, August 11th. Evercore reaffirmed an "outperform" rating on shares of Apple in a research note on Monday. Finally, TD Cowen reiterated a "buy" rating and set a $400.00 price target on shares of Apple in a report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Apple has a consensus rating of "Moderate Buy" and an average price target of $338.80.

Insider Activity at Apple

In other news, SVP Jennifer Newstead sold 1,438 shares of Apple stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $330.19, for a total transaction of $474,813.22. Following the sale, the senior vice president owned 32,914 shares of the company's stock, valued at approximately $10,867,873.66. The trade was a 4.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 8,632 shares of company stock valued at $2,719,955. Company 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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