Objectivity Squared LLC Buys Shares of 13,046 Apple Inc. $AAPL

Key Points

• Objectivity Squared LLC initiated a position in Apple by purchasing 13,046 shares valued at approximately $3.78 million, making Apple its eighth-largest holding and representing 2.1% of its portfolio.
• Institutional investors own 67.73% of Apple, while several other funds also recently established new positions. Apple shares opened at $332.41, near their 52-week high of $344.57.
• Apple exceeded quarterly earnings and revenue expectations, reporting $2.02 in EPS and $109.42 billion in revenue, up 16.4% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $338.80, and the company pays a quarterly dividend of $0.27 per share.

Objectivity Squared LLC purchased a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,046 shares of the iPhone maker's stock, valued at approximately $3,775,000. Apple makes up about 2.1% of Objectivity Squared LLC's holdings, making the stock its 8th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in AAPL. Longfellow Investment Management Co. LLC bought a new stake in shares of Apple during the 2nd quarter valued at about $30,000. Lifetime Wealth Management P.C. purchased a new stake in Apple in the fourth quarter valued at approximately $41,000. Basso Capital Management L.P. purchased a new stake in Apple in the fourth quarter valued at approximately $88,000. Bard Associates Inc. bought a new stake in Apple during the fourth quarter valued at approximately $109,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in Apple during the fourth quarter valued at approximately $187,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $332.41 on Thursday. The stock has a market cap of $4.85 trillion, a PE ratio of 38.12, a PEG ratio of 2.88 and a beta of 1.08. The company's fifty day moving average is $319.40 and its 200 day moving average is $293.88. Apple Inc. has a 52 week low of $236.65 and a 52 week high of $344.57. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. During the same period in the previous year, the firm posted $1.57 earnings per share. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. Research analysts anticipate that Apple Inc. will post 8.74 earnings per share 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 paid 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 of this dividend was Monday, August 10th. Apple's payout ratio is 12.39%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Moffett Nathanson reissued a "neutral" rating and issued a $304.00 price target (up from $270.00) on shares of Apple in a report on Tuesday, September 8th. Wells Fargo & Company reissued 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. DA Davidson restated a "neutral" rating and set a $270.00 price target on shares of Apple in a research report on Wednesday, September 2nd. Royal Bank Of Canada set a $365.00 price objective on Apple in a report on Wednesday, July 15th. Finally, DZ Bank lowered Apple from a "buy" rating to a "hold" rating and set a $310.00 price objective on the stock. in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $338.80.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Reports say Apple is developing enterprise AI servers using its upcoming M8 Ultra chips and is discussing NVIDIA’s NVLink networking technology. The project, potentially launching around 2029, could create a new hardware market, reduce reliance on third-party cloud providers, and help protect Services margins as AI usage grows. Apple Talks to Nvidia About NVLink for Its Own AI Server
• Positive Sentiment: The foldable iPhone Duo and higher-priced Pro models remain major catalysts for revenue and upgrade activity. TD Cowen reportedly set a $400 price target, while Citi survey data points to shorter smartphone replacement cycles and possible Apple market-share gains. Apple Stock Surges After Its Biggest Product Launch in Years
• Positive Sentiment: Analyst support remains favorable: JPMorgan reiterated its Buy rating, and Morgan Stanley is reportedly bullish on Apple’s new offerings. Apple’s Emmy success and continued ecosystem expansion also reinforce the long-term Services and brand story. Apple's Buy Rating Reiterated at JPMorgan
• Neutral Sentiment: The redesigned Siri and iOS 27 introduce broader AI capabilities, but the rollout is initially limited by beta labeling, language and regional restrictions, waitlists, and reports of slow response times. This makes the AI opportunity meaningful but its near-term financial impact uncertain. Apple Falls as Siri AI Arrives Behind a Beta Label
• Negative Sentiment: Analysts describe early iPhone 18 Pro and Pro Max preorders as lukewarm, potentially indicating that customers are delaying purchases for the foldable Duo. Weak Pro demand could pressure the current iPhone cycle if Duo demand does not offset it. iPhone 18 Pro Demand Is Already a Problem for Apple Stock
• Negative Sentiment: Investors are also monitoring slipping margins and an Indian consumer-regulator investigation into Apple’s software warranty and repair practices. Regulatory costs or changes to repair policies could weigh on cash flow and profitability. Indian Consumer Regulator Escalates Probe Into Apple’s Software Warranty Terms

Apple Profile

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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