Pasadena Private Wealth LLC Purchases New Shares in Apple Inc. $AAPL

Key Points

• Pasadena Private Wealth LLC acquired 70,394 Apple shares in the second quarter, worth approximately $20.4 million. Apple now represents about 2.6% of the firm’s portfolio and is its 10th-largest holding.
• Institutional investors own 67.73% of Apple, with major firms including Vanguard, Amundi and Diamant Asset Management increasing their positions; insiders, meanwhile, have sold shares in recent months.
• Analysts maintain a generally bullish outlook, with Apple receiving a “Moderate Buy” consensus rating and an average price target of $340.14. The company recently exceeded quarterly earnings and revenue estimates, reporting 16.4% year-over-year revenue growth.

Pasadena Private Wealth LLC acquired a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 70,394 shares of the iPhone maker's stock, valued at approximately $20,369,000. Apple accounts for approximately 2.6% of Pasadena Private Wealth LLC's investment portfolio, making the stock its 10th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG acquired a new position in Apple during the second quarter valued at approximately $13,658,359,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Apple in the 2nd quarter valued at $10,588,946,000. Vanguard Group Inc. raised its stake in Apple by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock worth $387,749,545,000 after buying an additional 26,856,752 shares during the period. Diamant Asset Management Inc. grew its stake in Apple by 24,974.3% in the first quarter. Diamant Asset Management Inc. now owns 26,614,323 shares of the iPhone maker's stock valued at $6,754,449,000 after acquiring an additional 26,508,181 shares during the period. Finally, Amundi increased its holdings in shares of Apple by 23.2% in the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after acquiring an additional 13,780,080 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Jennifer Newstead sold 1,439 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $317.01, for a total value of $456,177.39. Following the transaction, the senior vice president directly owned 35,790 shares in the company, valued at approximately $11,345,787.90. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 8,632 shares of company stock valued at $2,719,955. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AAPL. Weiss Ratings lowered shares of Apple from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday. HSBC reaffirmed a "buy" rating and issued a $366.00 target price on shares of Apple in a research report on Tuesday, September 8th. Loop Capital set a $380.00 price target on Apple in a research note on Friday. Argus upped their price objective on Apple from $325.00 to $375.00 in a report on Monday, June 8th. Finally, Evercore set a $380.00 price objective on Apple and gave the stock an "outperform" rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Apple currently has an average rating of "Moderate Buy" and an average price target of $340.14.

Apple News Roundup

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 Stock Performance

Shares of NASDAQ AAPL opened at $336.13 on Monday. The firm has a 50 day moving average price of $320.24 and a two-hundred day moving average price of $294.90. The stock has a market cap of $4.91 trillion, a P/E ratio of 38.55, a price-to-earnings-growth ratio of 2.92 and a beta of 1.08. Apple Inc. has a 52-week low of $240.21 and a 52-week high of $344.57. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share 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 company had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. During the same period in the prior year, the company posted $1.57 earnings per share. Apple's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, equities analysts forecast that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

The company 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. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's dividend payout ratio (DPR) is currently 12.39%.

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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