Apple Inc. $AAPL Shares Newly Acquired by PMV Capital Advisers LLC

Key Points

• PMV Capital Advisers LLC initiated a position in Apple during the second quarter, purchasing 3,918 shares valued at approximately $1.13 million. Several other institutions also opened new positions, and institutional investors now own 67.73% of Apple.
• Apple reported quarterly earnings of $2.02 per share, beating estimates of $1.89, while revenue rose 16.4% year over year to $109.42 billion. The company also maintains a quarterly dividend of $0.27 per share, equivalent to a 0.3% yield.
• Analysts rate Apple a consensus “Moderate Buy,” but investors face risks from its high valuation, rising component costs, consumer-AI competition, and ongoing legal and product issues.

PMV Capital Advisers LLC bought a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,918 shares of the iPhone maker's stock, valued at approximately $1,134,000. Apple comprises 1.7% of PMV Capital Advisers LLC's investment portfolio, making the stock its 12th largest position.

Other hedge funds have also modified their holdings of the company. Prospect Hill Management LLC purchased a new position in Apple during the 2nd quarter worth $146,370,000. Focus Partners Advisor Solutions LLC purchased a new position in Apple in the second quarter worth $168,646,000. Wealthfront Advisers LLC acquired a new stake in Apple in the second quarter valued at $482,388,000. Satovsky Asset Management LLC acquired a new stake in Apple in the second quarter valued at $16,064,000. Finally, Sterling Financial Planning Inc. purchased a new stake in shares of Apple during the 2nd quarter worth $4,666,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Price Performance

Apple stock opened at $341.07 on Friday. The stock has a market capitalization of $4.98 trillion, a P/E ratio of 39.11, a P/E/G ratio of 2.96 and a beta of 1.08. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $345.34. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The firm's 50-day moving average is $321.56 and its two-hundred day moving average is $297.37.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS 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 firm had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. During the same period in the previous year, the company earned $1.57 EPS. Apple's revenue for the quarter was up 16.4% on a year-over-year basis. Equities analysts predict that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Arete Research upped their price target on shares of Apple from $305.00 to $335.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. DA Davidson restated a "neutral" rating and issued a $270.00 price target on shares of Apple in a report on Wednesday, September 2nd. Seaport Research Partners downgraded Apple from a "buy" rating to a "neutral" rating in a research note on Monday, August 17th. Piper Sandler assumed coverage on Apple in a research note on Monday, August 17th. They issued an "overweight" rating for the company. Finally, Citigroup reaffirmed a "buy" rating on shares of Apple in a report on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Apple presently has an average rating of "Moderate Buy" and a consensus target price of $340.14.

Insiders Place Their Bets

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $340.06, for a total value of $815,803.94. Following the sale, the senior vice president directly owned 44,391 shares of the company's stock, valued at approximately $15,095,603.46. This trade represents a 5.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 11,031 shares of company stock worth $3,535,759 in the last quarter. Corporate insiders own 0.06% of the company's stock.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: iPhone 18 demand remains encouraging. Long lines in India and strong interest in the iPhone 18 Pro and Pro Max suggest Apple’s premium pricing is holding up in an important growth market. Evercore ISI raised its price target to $380 from $365 while maintaining an outperform rating. Apple iPhone demand in India
• Positive Sentiment: Momentum and technical positioning remain supportive. AAPL has gained roughly 10% over the past month and is approaching a potential buy point, helping sustain investor interest. Bank of America and JPMorgan have reiterated bullish ratings, while several analysts maintain targets above the current trading range. Apple stock approaches buy point
• Neutral Sentiment: Apple is expanding its product ecosystem. The company plans a refreshed HomePod mini, while reports suggest it may develop its own AI server chips. These initiatives could support future ecosystem engagement and infrastructure efficiency, but they are not yet material earnings drivers. Apple to release new HomePod mini
• Negative Sentiment: Rising component costs could pressure margins. Bernstein warned that surging memory and other smartphone component costs may weigh on gross margins and earnings in the December quarter, particularly as Apple introduces more expensive iPhones. Apple’s expensive new iPhones and margins
• Negative Sentiment: Valuation and AI execution remain key risks. At nearly $5 trillion in market value and about 38–39 times earnings, Apple requires continued earnings growth to justify its valuation. Analysts argue Alphabet’s Gemini ecosystem and monetization progress currently give it an edge in consumer AI, while Meta’s AI devices add competitive pressure. Alphabet versus Apple in consumer AI
• Negative Sentiment: Legal and product issues add uncertainty. A judge certified a class of payment card issuers in an Apple Pay antitrust lawsuit alleging improper fees. Separately, Apple is preparing a software fix for an iPhone 18 Pro reboot problem. Apple Pay class-action lawsuit

Apple Company 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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