Northcape Wealth Management LLC Buys Shares of 38,644 Apple Inc. $AAPL

Key Points

• Northcape Wealth Management acquired 38,644 Apple shares worth approximately $11.2 million, making Apple its fifth-largest holding and representing about 2.9% of its portfolio.
• Institutional investors own 67.73% of Apple, while company insiders have sold approximately $2.7 million of stock over the past 90 days.
• Apple reported quarterly EPS of $2.02 and revenue of $109.42 billion, exceeding analyst expectations; the stock has a “Moderate Buy” consensus rating with an average price target of $340.14.

Northcape Wealth Management LLC acquired a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 38,644 shares of the iPhone maker's stock, valued at approximately $11,182,000. Apple makes up about 2.9% of Northcape Wealth Management LLC's investment portfolio, making the stock its 5th largest position.

A number of other large investors also recently bought and sold shares of the business. Longfellow Investment Management Co. LLC purchased a new position in shares of Apple in the 2nd quarter valued at $30,000. Lifetime Wealth Management P.C. purchased a new stake in shares of Apple during the 4th quarter worth $41,000. Ascentis Wealth Management LLC raised its holdings in Apple by 822.7% in the second quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker's stock worth $85,000 after purchasing an additional 260,792 shares in the last quarter. Basso Capital Management L.P. bought a new stake in shares of Apple in the 4th quarter valued at about $88,000. Finally, Bard Associates Inc. acquired a new stake in shares of Apple in the 4th quarter worth $109,000. Institutional investors own 67.73% of the company's stock.

Insiders Place Their Bets

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $317.01, for a total transaction of $456,177.39. Following the transaction, the senior vice president directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 8,632 shares of company stock worth $2,719,955 in the last ninety days. Corporate insiders own 0.06% of the company's stock.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Evercore ISI raised its Apple price target to $380 from $365 and maintained an outperform view. A survey of roughly 4,000 consumers indicated a potentially stronger-than-expected iPhone upgrade cycle and a higher average selling price. iPhone 18 Pro Hits Stores Today
• Positive Sentiment: iPhone 18 Pro sales are supported by carrier trade-in promotions. Bank of America said incentives can offset the $100 price increase, reducing the risk that higher prices will weaken demand. Apple’s iPhone 18 Lineup Keeps Bank of America Bullish
• Positive Sentiment: Apple’s ecosystem is gaining additional reach. General Motors plans to restore Apple CarPlay after consumer backlash, while Apple is reportedly preparing an Apple Pay launch in India with Axis Bank. These developments could support services engagement and ecosystem adoption. GM Is Re-downloading Apple CarPlay
• Neutral Sentiment: Initial iPhone 18 Pro demand indicators are mixed. Quick-commerce shortages in India suggest strong localized demand, but UBS cited muted wait times in several major markets. Investors are also assessing whether customers may delay purchases for Apple’s roughly $1,999 foldable iPhone Duo. Apple iPhone 18 Seeing Muted Initial Wait Times
• Negative Sentiment: Risks include premium pricing, valuation and regulatory pressure. Analysts warn that expensive devices could limit adoption in price-sensitive markets such as India. More than 1,600 Italian Apple store employees also struck on launch day, while Apple continues to challenge a potential UK encryption backdoor order and faces European legal scrutiny. Italian Apple Store Employees Strike

Apple Price Performance

Shares of Apple stock opened at $336.13 on Friday. The firm has a market cap of $4.91 trillion, a PE ratio of 38.55, a P/E/G ratio of 2.92 and a beta of 1.08. Apple Inc. has a twelve month low of $240.21 and a twelve month 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 business has a 50-day moving average price of $320.24 and a 200 day moving average price of $294.69.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.Apple's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.57 earnings per share. Sell-side analysts predict that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid 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 (DPR) is currently 12.39%.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of research analyst reports. Phillip Securities boosted their price target on Apple from $290.00 to $300.00 and gave the stock a "neutral" rating in a research note on Monday, September 14th. Rosenblatt Securities reiterated a "neutral" rating and issued a $303.00 price target on shares of Apple in a report on Thursday, September 10th. Wedbush reiterated an "outperform" rating and set a $400.00 price objective on shares of Apple in a research note on Friday, June 5th. Robert W. Baird upped their price objective on Apple from $310.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. Finally, Sanford C. Bernstein raised their price objective on shares of Apple from $350.00 to $370.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $340.14.

About Apple

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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