Handelsbanken Fonder AB Sells 235,238 Shares of Apple Inc. $AAPL

Key Points

• Handelsbanken Fonder AB reduced its Apple position by 3.3%, selling 235,238 shares during the second quarter. The fund still held 6.91 million shares worth approximately $2.0 billion, representing 5.7% of its portfolio.
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, beating analyst expectations, while revenue increased 16.4% year over year.
• Wall Street maintains a “Moderate Buy” consensus with an average price target of $330.53, though Apple’s roughly $4.57 trillion valuation and price-to-earnings ratio near 36 underscore the need for continued earnings and product growth.

Handelsbanken Fonder AB cut its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,910,385 shares of the iPhone maker's stock after selling 235,238 shares during the quarter. Apple comprises 5.7% of Handelsbanken Fonder AB's portfolio, making the stock its 2nd biggest position. Handelsbanken Fonder AB's holdings in Apple were worth $1,999,589,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AAPL. Lifetime Wealth Management P.C. acquired a new position in Apple during the fourth quarter valued at approximately $41,000. ROSS JOHNSON & Associates LLC increased its position in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after acquiring an additional 180 shares in the last quarter. LSV Asset Management acquired a new stake in shares of Apple in the fourth quarter worth $65,000. Timmons Wealth Management LLC purchased a new position in shares of Apple in the 4th quarter valued at $69,000. Finally, Inspire Investing LLC purchased a new position in shares of Apple in the 4th quarter valued at $76,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Foldable iPhone could create a major new growth category. IDC expects Apple to ship more than 10 million foldable iPhones in the first year and over 17 million by 2027. The projections have strengthened expectations that the premium device could reignite iPhone growth and support Apple’s pricing power. IDC foldable iPhone shipment forecast
• Positive Sentiment: Apple confirmed its next iPhone launch for September 9. Analysts expect new iPhones and Apple Watches, with the long-rumored foldable model potentially serving as the event’s headline product. The launch will also be the first major iPhone presentation under incoming CEO John Ternus, increasing investor attention around Apple’s product pipeline. Apple September 9 iPhone event
• Positive Sentiment: New Macs expand Apple’s AI opportunity. The updated Mac mini and Mac Studio use the M6 and M5 Ultra chips, adding faster on-device AI performance and capacity to run larger models locally. This could increase Mac demand among developers and enterprise users while reinforcing Apple’s capital-light approach to artificial intelligence. Apple AI Mac upgrades
• Neutral Sentiment: Analysts remain constructive but acknowledge valuation risk. Apple’s profitability, premium brand and loyal customer base support bullish long-term forecasts, including a $365 price target from Evercore ISI. However, with a market capitalization above $4 trillion and a price-to-earnings ratio near 36, further gains likely depend on strong product execution and sustained earnings growth. Evercore Apple price target
• Negative Sentiment: Higher hardware prices and China-related risks could pressure demand and margins. The new Mac mini starts at $899, while memory and silicon shortages may push prices higher. Apple also continues to rely on Chinese technology partners for certain China-market AI services, exposing it to regulatory and geopolitical uncertainty. Apple Mac pricing and AI strategy

Insider Buying and Selling at Apple

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of the firm's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $307.49, for a total transaction of $442,478.11. Following the completion of the transaction, the senior vice president directly owned 38,668 shares of the company's stock, valued at $11,890,023.32. This trade represents a 3.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ben Borders sold 116 shares of the business's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the sale, the insider directly owned 38,713 shares of the company's stock, valued at $11,425,754.82. The trade was a 0.30% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 2,994 shares of company stock worth $919,567 over the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of research reports. Royal Bank Of Canada set a $365.00 price target on shares of Apple in a research report on Wednesday, July 15th. Maxim Group reissued a "buy" rating and issued a $350.00 price objective (up from $310.00) on shares of Apple in a research report on Tuesday, June 9th. Sanford C. Bernstein restated an "outperform" rating on shares of Apple in a research note on Monday, June 8th. KeyCorp restated an "underweight" rating and set a $250.00 price objective on shares of Apple in a research note on Tuesday, July 28th. Finally, KGI Securities downgraded Apple from an "outperform" rating to a "hold" rating and set a $315.00 target price for the company. in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $330.53.

Apple Price Performance

Shares of NASDAQ AAPL opened at $313.45 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Apple Inc. has a fifty-two week low of $225.95 and a fifty-two week high of $344.57. The business has a 50 day moving average price of $311.47 and a two-hundred day moving average price of $287.95. The firm has a market cap of $4.57 trillion, a PE ratio of 35.95, a price-to-earnings-growth ratio of 2.65 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The company 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 period in the prior year, the company posted $1.57 EPS. Sell-side analysts expect that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Announces Dividend

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

About Apple

Apple Inc NASDAQ: AAPL is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple's principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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