Apple Inc. $AAPL Stock Holdings Trimmed by Perpetual Ltd

Perpetual Ltd cut its holdings in Apple Inc. (NASDAQ:AAPL) by 9.4% during the third quarter, Holdings Channel reports. The institutional investor owned 98,637 shares of the iPhone maker’s stock after selling 10,271 shares during the period. Perpetual Ltd’s holdings in Apple were worth $32,848,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AAPL. Avenir Tech Ltd acquired a new stake in shares of Apple during the 2nd quarter worth about $29,000. Longfellow Investment Management Co. LLC acquired a new position in Apple in the second quarter valued at approximately $30,000. Ascentis Wealth Management LLC boosted 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 valued at $85,000 after purchasing an additional 260,792 shares in the last quarter. Bamco Inc. NY acquired a new position in Apple in the second quarter valued at approximately $118,000. Finally, Bard Associates Inc. acquired a new position in Apple in the second quarter valued at approximately $161,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. TD Cowen restated a “buy” rating and issued a $400.00 target price on shares of Apple in a report on Thursday, September 10th. Citic Securities increased their target price on shares of Apple from $300.00 to $349.00 in a research report on Thursday, August 6th. JPMorgan Chase & Co. lifted their price target on shares of Apple from $340.00 to $360.00 and gave the stock an “overweight” rating in a research note on Monday, October 12th. Citigroup reissued a “buy” rating on shares of Apple in a research report on Thursday, September 10th. Finally, DZ Bank cut shares of Apple from a “buy” rating to a “hold” rating and set a $310.00 price target for the company. in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $340.12.

Insider Activity at Apple

In other news, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $345.00, for a total value of $827,655.00. Following the completion of the transaction, the senior vice president owned 37,194 shares in the company, valued at $12,831,930. This trade represents a 6.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ben Borders sold 1,280 shares of the stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $345.40, for a total transaction of $442,112.00. Following the completion of the transaction, the insider owned 38,288 shares of the company’s stock, valued at $13,224,675.20. This represents a 3.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 284,454 shares of company stock worth $94,662,594. 0.06% of the stock is currently owned by insiders.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone Duo demand: Apple said only limited quantities of its $1,999 foldable iPhone Duo will be available for walk-in customers when it launches October 23. Online orders reportedly sold out within minutes, with some delivery estimates extending into January 2027. The demand signals support premium pricing and could make the new product a meaningful revenue catalyst. Apple will have limited iPhone Duo units available in stores
• Positive Sentiment: Upcoming product catalyst: Apple’s October 28 event is expected to feature new Pro Macs, potentially including a touchscreen MacBook Pro and M6-powered systems. A successful launch could strengthen expectations for renewed Mac growth and broaden Apple’s hardware lineup. Apple product event scheduled for October 28
• Positive Sentiment: Expansion and ecosystem support: Apple’s India business reportedly delivered 31% revenue growth and 66% profit growth in fiscal 2026. Separately, Apple Wallet car-key support is expanding to selected General Motors vehicles, extending the reach of Apple’s services ecosystem.
• Neutral Sentiment: Supply-chain investment: Apple plans to commit up to $100 million to a U.S. titanium supplier over three years. The move may improve domestic sourcing and support iPhone Duo production, but it also highlights manufacturing constraints and does not immediately change earnings expectations. Apple commits to U.S. titanium manufacturing
• Neutral Sentiment: Insider selling: Two Apple insiders sold shares, with at least one transaction identified as covering tax withholding on vested equity awards. The sales are relatively small and do not clearly indicate weakening confidence.
• Negative Sentiment: Downgrade and valuation concerns: Loop Capital cut AAPL to Hold and lowered its price target to $330, citing weaker iPhone shipment expectations. UBS also warned that rising memory and component costs could pressure gross margins ahead of the November 2 earnings report. With Apple trading at roughly 39 times earnings and near its annual high, investors may demand stronger growth to justify the premium valuation. Loop Capital downgrades Apple on iPhone concerns
• Negative Sentiment: Regulatory risk: UK competition regulators are proposing easier access for rival contactless payment services on the iPhone, which could increase competition for Apple Pay and modestly weaken the services ecosystem.

Apple Stock Up 1.3%

Apple stock opened at $343.99 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. Apple Inc. has a 1-year low of $243.42 and a 1-year high of $348.15. The company has a market cap of $5.02 trillion, a PE ratio of 39.45, a price-to-earnings-growth ratio of 2.69 and a beta of 1.07. The stock’s 50 day moving average price is $328.05 and its 200 day moving average price is $308.42.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. The firm had revenue of $109.42 billion for 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%. Apple’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.57 earnings per share. On average, sell-side analysts predict that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders 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 presently 12.39%.

Apple Profile

Apple Inc designs, develops and sells consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware ecosystem.

Apple’s services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.