Permanens Capital L.P. Purchases New Position in Apple Inc. $AAPL

Key Points

• Permanens Capital acquired 10,603 Apple shares during the second quarter, valued at approximately $3.1 million. Institutional investors collectively own 67.73% of Apple’s outstanding stock.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $340.14, despite some downgrades to “Hold.”
• Apple reported quarterly earnings of $2.02 per share and revenue of $109.42 billion, exceeding estimates, while revenue rose 16.4% year over year. The company also maintains a quarterly dividend of $0.27 per share.

Permanens Capital L.P. purchased a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,603 shares of the iPhone maker's stock, valued at approximately $3,068,000.

Several other hedge funds have also bought and sold shares of AAPL. Prospect Hill Management LLC purchased a new stake in shares of Apple during the 2nd quarter worth about $146,370,000. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Apple during the 2nd quarter valued at about $168,646,000. Wealthfront Advisers LLC purchased a new position in shares of Apple in the 2nd quarter valued at about $482,388,000. Satovsky Asset Management LLC purchased a new position in shares of Apple in the 2nd quarter valued at about $16,064,000. Finally, Sterling Financial Planning Inc. acquired a new position in Apple in the 2nd quarter worth about $4,666,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AAPL shares. Arete Research increased their price target on Apple from $305.00 to $335.00 and gave the stock a "buy" rating in a research report on Wednesday, June 24th. Royal Bank Of Canada set a $365.00 price objective on Apple in a research report on Wednesday, July 15th. China Renaissance downgraded Apple from a "buy" rating to a "hold" rating and reduced their target price for the stock from $329.00 to $280.00 in a research note on Tuesday, August 4th. TD Cowen reiterated a "buy" rating and set a $400.00 target price on shares of Apple in a research report on Thursday, September 10th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Apple from a "buy" rating to a "hold" rating in a research note on Monday, August 17th. One equities research 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $340.14.

Apple Price Performance

Shares of AAPL opened at $341.07 on Monday. 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 Inc. has a one year low of $243.42 and a one year high of $345.34. The stock has a market capitalization of $4.98 trillion, a price-to-earnings ratio of 39.11, a PEG ratio of 2.96 and a beta of 1.08. The stock has a 50 day moving average price of $321.56 and a 200 day moving average price of $297.64.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data 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. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same quarter last year, the firm posted $1.57 EPS. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. Equities research analysts forecast that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Insider Activity at Apple

In other news, SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $340.06, for a total value of $815,803.94. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 11,031 shares of company stock valued at $3,535,759 in the last ninety days. 0.06% of the stock is owned by corporate insiders.

Trending Headlines about 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 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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