Spinnaker Investment Group LLC Has $13.58 Million Stake in Apple Inc. $AAPL

Spinnaker Investment Group LLC grew its holdings in Apple Inc. (NASDAQ:AAPL) by 10.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,933 shares of the iPhone maker’s stock after acquiring an additional 4,561 shares during the quarter. Apple accounts for about 2.2% of Spinnaker Investment Group LLC’s investment portfolio, making the stock its 13th largest holding. Spinnaker Investment Group LLC’s holdings in Apple were worth $13,581,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Lifetime Wealth Management P.C. acquired a new stake in Apple during the 4th quarter worth approximately $41,000. ROSS JOHNSON & Associates LLC boosted its holdings in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after buying an additional 180 shares during the period. LSV Asset Management acquired a new position in shares of Apple in the fourth quarter valued at approximately $65,000. Timmons Wealth Management LLC bought a new stake in shares of Apple during the fourth quarter worth $69,000. Finally, Inspire Investing LLC bought a new stake in shares of Apple during the fourth quarter worth $76,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insiders Place Their Bets

In other news, insider Ben Borders sold 116 shares of Apple stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the transaction, the insider owned 38,713 shares of the company’s stock, valued at $11,425,754.82. This trade represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 1,439 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $307.49, for a total transaction of $442,478.11. Following the transaction, the senior vice president owned 38,668 shares in the company, valued at $11,890,023.32. This represents a 3.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 2,994 shares of company stock valued at $919,567. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AAPL. Royal Bank Of Canada set a $365.00 price objective on shares of Apple in a report on Wednesday, July 15th. BTIG Research initiated coverage on shares of Apple in a research note on Monday, August 17th. They issued a “neutral” rating for the company. Rosenblatt Securities increased their target price on Apple from $276.00 to $300.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. UBS Group reissued a “neutral” rating on shares of Apple in a research note on Friday, July 31st. Finally, Rothschild & Co Redburn set a $400.00 price target on Apple and gave the company a “buy” rating in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $330.53.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Foldable iPhone could create a major new growth category. IDC expects Apple to ship more than 10 million foldable iPhones in the first year and over 17 million by 2027. The projections have strengthened expectations that the premium device could reignite iPhone growth and support Apple’s pricing power. IDC foldable iPhone shipment forecast
• Positive Sentiment: Apple confirmed its next iPhone launch for September 9. Analysts expect new iPhones and Apple Watches, with the long-rumored foldable model potentially serving as the event’s headline product. The launch will also be the first major iPhone presentation under incoming CEO John Ternus, increasing investor attention around Apple’s product pipeline. Apple September 9 iPhone event
• Positive Sentiment: New Macs expand Apple’s AI opportunity. The updated Mac mini and Mac Studio use the M6 and M5 Ultra chips, adding faster on-device AI performance and capacity to run larger models locally. This could increase Mac demand among developers and enterprise users while reinforcing Apple’s capital-light approach to artificial intelligence. Apple AI Mac upgrades
• Neutral Sentiment: Analysts remain constructive but acknowledge valuation risk. Apple’s profitability, premium brand and loyal customer base support bullish long-term forecasts, including a $365 price target from Evercore ISI. However, with a market capitalization above $4 trillion and a price-to-earnings ratio near 36, further gains likely depend on strong product execution and sustained earnings growth. Evercore Apple price target
• Negative Sentiment: Higher hardware prices and China-related risks could pressure demand and margins. The new Mac mini starts at $899, while memory and silicon shortages may push prices higher. Apple also continues to rely on Chinese technology partners for certain China-market AI services, exposing it to regulatory and geopolitical uncertainty. Apple Mac pricing and AI strategy

Apple Trading Up 1.1%

Shares of Apple stock opened at $313.45 on Thursday. Apple Inc. has a 12-month low of $225.95 and a 12-month high of $344.57. The stock has a market cap of $4.57 trillion, a P/E ratio of 35.95, a P/E/G ratio of 2.65 and a beta of 1.09. 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 business’s 50 day moving average is $311.47 and its 200-day moving average is $287.95.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS 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 during the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter in the prior year, the firm posted $1.57 EPS. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. Equities research analysts predict that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were paid a $0.27 dividend. The ex-dividend date 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 (DPR) is currently 12.39%.

Apple Company Profile

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.