Oarsman Capital Inc. Buys 1,939 Shares of Apple Inc. $AAPL

Key Points

• Oarsman Capital increased its Apple stake by 3.8% in the second quarter, buying 1,939 shares to hold 52,336 shares valued at approximately $15.1 million. Institutional investors and hedge funds collectively own 67.73% of Apple.
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, exceeding analyst estimates, with revenue up 16.4% year over year. The company also declared a quarterly dividend of $0.27 per share.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $340.02, although concerns include rising component costs, a $5.7 billion patent verdict, AI-driven threats to the App Store, and recent insider selling.

Oarsman Capital Inc. boosted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 52,336 shares of the iPhone maker's stock after purchasing an additional 1,939 shares during the quarter. Apple comprises 1.1% of Oarsman Capital Inc.'s holdings, making the stock its 11th biggest position. Oarsman Capital Inc.'s holdings in Apple were worth $15,144,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AAPL. Camelot Portfolios LLC boosted its holdings in Apple by 53.9% during the second quarter. Camelot Portfolios LLC now owns 6,784 shares of the iPhone maker's stock worth $1,963,000 after buying an additional 2,375 shares in the last quarter. Rothschild Capital Partners LLC raised its position in Apple by 0.4% during the second quarter. Rothschild Capital Partners LLC now owns 141,322 shares of the iPhone maker's stock valued at $40,893,000 after acquiring an additional 496 shares in the last quarter. RPg Family Wealth Advisory LLC lifted its position in shares of Apple by 30.0% in the second quarter. RPg Family Wealth Advisory LLC now owns 57,280 shares of the iPhone maker's stock worth $16,575,000 after buying an additional 13,206 shares during the last quarter. GTS Securities LLC grew its stake in Apple by 4.5% in the 2nd quarter. GTS Securities LLC now owns 184,076 shares of the iPhone maker's stock valued at $53,264,000 after buying an additional 7,874 shares during the last quarter. Finally, Flputnam Investment Management Co. grew its holdings in Apple by 13.0% in the 2nd quarter. Flputnam Investment Management Co. now owns 1,045,570 shares of the iPhone maker's stock valued at $302,546,000 after buying an additional 120,655 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Key Apple News

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

Analyst Ratings Changes

A number of brokerages recently commented on AAPL. Phillip Securities upped their target price on Apple from $290.00 to $300.00 and gave the company a "neutral" rating in a research note on Monday, September 14th. The Goldman Sachs Group began coverage on shares of Apple in a report on Monday, August 17th. They issued a "buy" rating on the stock. Daiwa Securities Group boosted their price target on shares of Apple from $325.00 to $335.00 and gave the company an "outperform" rating in a report on Tuesday, August 11th. Bank of America reissued a "buy" rating and issued a $370.00 price target on shares of Apple in a research note on Wednesday, September 23rd. Finally, Barclays reissued an "underweight" rating and issued a $245.00 price objective (down from $253.00) on shares of Apple in a report on Friday, July 31st. One investment 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $340.02.

Apple Stock Down 0.8%

NASDAQ AAPL opened at $330.32 on Friday. The business has a fifty day moving average price of $322.14 and a two-hundred day moving average price of $299.78. The stock has a market capitalization of $4.82 trillion, a PE 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 current ratio of 1.00 and a quick ratio of 0.93. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $345.34.

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. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter last year, the business posted $1.57 EPS. Apple's revenue for the quarter was up 16.4% on a year-over-year basis. Equities analysts expect that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Insider Activity

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

Apple Company 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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