Texas Capital Bank Wealth Management Services Inc Makes New $46.24 Million Investment in Apple Inc. $AAPL

Key Points

• Texas Capital Bank Wealth Management Services purchased 159,817 Apple shares worth approximately $46.24 million, making Apple its seventh-largest holding and representing about 2.5% of its portfolio.
• Apple reported quarterly earnings of $2.02 per share on $109.42 billion in revenue, exceeding analyst expectations, while revenue increased 16.4% year over year.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $338.80, although some analysts maintain neutral or hold ratings.

Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 159,817 shares of the iPhone maker's stock, valued at approximately $46,245,000. Apple makes up about 2.5% of Texas Capital Bank Wealth Management Services Inc's holdings, making the stock its 7th biggest holding.

Other hedge funds have also modified their holdings of the company. Sterling Wealth Management Inc. raised its holdings in Apple by 0.3% in the 2nd quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker's stock valued at $3,351,000 after acquiring an additional 30 shares during the last quarter. Evansbrook LLC boosted its holdings in shares of Apple by 0.4% during the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker's stock worth $2,054,000 after purchasing an additional 34 shares during the last quarter. JMG Financial Group Ltd. grew its position in shares of Apple by 0.7% in the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock valued at $1,295,000 after purchasing an additional 35 shares in the last quarter. Advocate Investing Services LLC grew its position in shares of Apple by 0.5% in the second quarter. Advocate Investing Services LLC now owns 7,847 shares of the iPhone maker's stock valued at $2,271,000 after purchasing an additional 39 shares in the last quarter. Finally, Interactive Financial Advisors Inc. increased its holdings in shares of Apple by 4.0% in the fourth quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock valued at $286,000 after purchasing an additional 40 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

AAPL stock opened at $332.41 on Thursday. 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. The stock has a market cap of $4.85 trillion, a price-to-earnings ratio of 38.12, a price-to-earnings-growth ratio of 2.88 and a beta of 1.08. The business has a fifty day moving average of $319.40 and a two-hundred day moving average of $293.88.

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, beating the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion for 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 company's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.57 EPS. As a group, research analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. 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 note on Tuesday, August 4th. Daiwa Securities Group raised their target price on Apple from $325.00 to $335.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. DA Davidson reiterated a "neutral" rating and set a $270.00 price target on shares of Apple in a report on Wednesday, September 2nd. Maxim Group boosted their price target on shares of Apple from $350.00 to $380.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Finally, TD Cowen reissued a "buy" rating and issued a $400.00 price objective on shares of Apple in a report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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

Insider Buying and Selling

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $317.01, for a total transaction of $456,177.39. Following the completion of the transaction, the senior vice president owned 35,790 shares of the company's stock, valued at $11,345,787.90. This trade represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 7,194 shares of company stock valued at $2,245,142 over the last 90 days. Corporate insiders own 0.06% of the company's stock.

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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