Apple Inc. $AAPL Stock Sold by Nichols & Pratt Advisers LLP MA

Key Points

• Nichols & Pratt Advisers LLP MA reduced its Apple stake by 1%, selling 5,389 shares and retaining 521,022 shares valued at approximately $150.8 million. Apple remains the firm’s largest holding, representing about 9.2% of its portfolio.
• Apple reported quarterly earnings of $2.02 per share on $109.42 billion in revenue, exceeding analyst estimates, while revenue increased 16.4% year over year. The company also declared a $0.27 quarterly dividend, equivalent to a 0.3% yield.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $340.02, although one firm downgraded the stock to neutral. Apple also faces concerns including potential patent-related costs, AI-driven disruption to its services business, and recent insider selling.

Nichols & Pratt Advisers LLP MA trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 521,022 shares of the iPhone maker's stock after selling 5,389 shares during the period. Apple comprises about 9.2% of Nichols & Pratt Advisers LLP MA's holdings, making the stock its biggest position. Nichols & Pratt Advisers LLP MA's holdings in Apple were worth $150,763,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AAPL. Berkshire Hathaway Inc purchased a new stake in Apple during the second quarter worth $65,950,297,000. Bank of America Corp DE purchased a new position in shares of Apple in the second quarter valued at $36,986,090,000. Legal & General Group Plc acquired a new position in shares of Apple during the 2nd quarter worth $30,443,242,000. Deutsche Bank AG acquired a new position in shares of Apple during the 2nd quarter worth $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Apple in the 2nd quarter worth about $10,588,946,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Stock Down 0.8%

Shares of NASDAQ:AAPL opened at $330.32 on Friday. The stock's 50-day moving average price is $322.14 and its two-hundred day moving average price is $299.78. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $345.34. The firm has a market cap of $4.82 trillion, a price-to-earnings ratio of 37.88, a PEG ratio of 2.89 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.57 EPS. On average, research analysts forecast that Apple Inc. will post 8.74 EPS for the current year.

Apple Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Robert W. Baird increased their price objective on shares of Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. The Goldman Sachs Group initiated coverage on shares of Apple in a report on Monday, August 17th. They issued a "buy" rating on the stock. UBS Group reiterated a "buy" rating on shares of Apple in a research report on Thursday, September 17th. Arete Research raised their price objective on shares of Apple from $305.00 to $335.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. Finally, Seaport Research Partners downgraded Apple from a "buy" rating to a "neutral" rating in a research report on Monday, August 17th. 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $340.02.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s new fall product cycle is supporting revenue expectations. Morgan Stanley modestly raised its revenue forecast following the product launches, while Counterpoint expects approximately 6 million units of Apple’s $1,999 iPhone Duo foldable to be sold this year. Strong early iPhone 18 Pro demand in China—up 12% year over year during launch week—also supports near-term sales momentum. Apple’s Fall Product Cycle Could Support Revenue Growth
• Positive Sentiment: Apple is expanding its ecosystem beyond the iPhone. Health-focused Apple Watch features, including a health-age metric and Readiness score, could help defend its wearables lead, while a planned October 13 smart-home event may introduce a new hub centered on Siri and Apple Intelligence. Apple Is Betting Improved Heart and Health Insights Will Boost Watch Sales
• Neutral Sentiment: Morgan Stanley lowered its Apple price target to $355 from $360 but retained an Overweight rating. Analysts cited higher memory and component costs and potential iPhone pricing pressure, which largely offset the benefit from stronger product revenue. Morgan Stanley Adjusts Price Target on Apple
• Negative Sentiment: A jury ordered Apple to pay $5.7 billion over Taptic Engine patent claims, raising concerns about additional royalties and pressure on hardware margins. The company also faces a UK marketplace class action. Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
• Negative Sentiment: Investors remain concerned that AI agents such as Meta’s Muse could bypass Apple’s App Store and weaken its high-margin services ecosystem. Analysts said Apple’s product roadmap is attractive but lacks a clear catalyst after its recent rally. Apple Stock’s Upside May Be Limited as AI Agents Could Disrupt Business
• Negative Sentiment: Apple SVP Jennifer Newstead sold 2,399 shares worth approximately $806,496, reducing her holdings by 5.4%. The sale is relatively small compared with her remaining stake but adds modest insider-selling pressure. Apple Insider Transaction Filing

Insider Buying and Selling

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total transaction of $806,495.82. Following the transaction, the senior vice president owned 41,992 shares of the company's stock, valued at $14,116,870.56. This trade represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 13,430 shares of company stock worth $4,342,255 over the last ninety days. Corporate insiders own 0.06% of the company's stock.

Apple Profile

Apple Inc is a technology company that designs, develops and markets 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 software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple's services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

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