Turim 21 Investimentos Ltda. Takes Position in Apple Inc. $AAPL

Key Points

• Turim 21 Investimentos acquired 6,967 Apple shares in the second quarter, valued at approximately $2.02 million; Apple now represents 0.3% of the fund’s portfolio.
• Apple reported quarterly EPS of $2.02, beating the $1.89 consensus estimate, while revenue rose 16.4% year over year to $109.42 billion. The company also paid a quarterly dividend of $0.27 per share.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $340.14, although some firms have issued neutral ratings. Institutional investors and hedge funds own 67.73% of Apple, while insiders sold 8,632 shares worth about $2.72 million over the past 90 days.

Turim 21 Investimentos Ltda. acquired a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 6,967 shares of the iPhone maker's stock, valued at approximately $2,016,000. Apple comprises 0.3% of Turim 21 Investimentos Ltda.'s investment portfolio, making the stock its 20th largest holding.

Several other hedge funds have also recently bought and sold shares of AAPL. DCF Advisers LLC acquired a new stake in shares of Apple in the second quarter valued at about $1,664,000. one8zero8 LLC acquired a new position in shares of Apple during the 2nd quarter worth about $34,352,000. Kentucky Farm Bureau Mutual Insurance Co acquired a new position in shares of Apple during the 2nd quarter worth about $15,510,000. Addison Advisors LLC bought a new position in Apple in the 2nd quarter worth approximately $1,715,000. Finally, DeLarme Wealth Management Inc. acquired a new position in shares of Apple during the second quarter worth approximately $3,423,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Apple

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of the business's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total value of $456,177.39. Following the transaction, the senior vice president owned 35,790 shares of the company's stock, valued at approximately $11,345,787.90. The trade was a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 8,632 shares of company stock valued at $2,719,955. Insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AAPL. Wells Fargo & Company restated an "overweight" rating and issued a $350.00 price objective (up from $310.00) on shares of Apple in a research note on Friday, July 31st. Raymond James Financial reissued a "market perform" rating on shares of Apple in a report on Friday, July 31st. Maxim Group raised their price target on shares of Apple from $350.00 to $380.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Seaport Research Partners downgraded shares of Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. Finally, The Goldman Sachs Group initiated coverage on shares of Apple in a research report on Monday, August 17th. They set a "buy" rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Apple presently has a consensus rating of "Moderate Buy" and an average price target of $340.14.

Apple Price Performance

Apple stock opened at $336.13 on Friday. The business has a 50 day simple moving average of $320.24 and a 200 day simple moving average of $294.69. 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 company has a market capitalization of $4.91 trillion, a PE ratio of 38.55, a price-to-earnings-growth ratio of 2.92 and a beta of 1.08. Apple Inc. has a one year low of $240.21 and a one year high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. The firm had revenue of $109.42 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company posted $1.57 earnings per share. On average, sell-side analysts forecast that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Announces Dividend

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

Apple News Summary

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

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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