Palisade Capital Management LP acquired a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 254,434 shares of the iPhone maker's stock, valued at approximately $73,623,000. Apple makes up approximately 3.2% of Palisade Capital Management LP's investment portfolio, making the stock its 2nd biggest position.
Other institutional investors have also modified their holdings of the company. Cooper Haims Advisors LLC acquired a new stake in Apple during the 2nd quarter worth approximately $6,424,000. Canada Pension Plan Investment Board acquired a new position in shares of Apple in the second quarter valued at approximately $7,665,140,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Apple during the second quarter worth $1,679,000. Castleark Management LLC acquired a new stake in shares of Apple during the second quarter worth $136,609,000. Finally, Osterweis Capital Management Inc. purchased a new position in Apple in the 2nd quarter valued at $69,394,000. Hedge funds and other institutional investors own 67.73% of the company's stock.
Apple News Summary
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
Insider Transactions at Apple
In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $340.06, for a total transaction of $815,803.94. Following the completion of the transaction, the senior vice president 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 11,031 shares of company stock valued at $3,535,759. 0.06% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on AAPL shares. DA Davidson reissued a "neutral" rating and issued a $270.00 price objective on shares of Apple in a research note on Wednesday, September 2nd. DZ Bank cut shares of Apple from a "buy" rating to a "hold" rating and set a $310.00 target price for the company. in a research note on Tuesday, August 4th. Robert W. Baird lifted their target price on shares of Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, July 24th. HSBC restated a "buy" rating and issued a $366.00 price objective on shares of Apple in a research report on Tuesday, September 8th. Finally, Citic Securities boosted their target price on Apple from $300.00 to $349.00 in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $340.14.
Read Our Latest Stock Report on Apple
Apple Stock Up 1.5%
AAPL opened at $341.07 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The company has a market cap of $4.98 trillion, a price-to-earnings ratio of 39.11, a PEG ratio of 2.96 and a beta of 1.08. Apple Inc. has a one year low of $243.42 and a one year high of $345.34. The business's fifty day moving average is $321.56 and its two-hundred day moving average is $297.37.
Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The business's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the business posted $1.57 earnings per share. Analysts anticipate that Apple Inc. will post 8.74 EPS for the current fiscal year.
Apple Announces Dividend
The business also recently disclosed 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. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's payout ratio is currently 12.39%.
About Apple
(
Free Report)
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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