Nvest Financial LLC Sells 3,541 Shares of Apple Inc. $AAPL

Key Points

• Nvest Financial reduced its Apple position by 7.7%, selling 3,541 shares in the second quarter and retaining 42,290 shares valued at approximately $12.2 million. Apple remains the firm’s third-largest holding, representing about 3.9% of its portfolio.
• Analyst sentiment remains favorable, with Apple receiving a consensus “Moderate Buy” rating and an average price target of $340.14. Recent targets were raised on expectations for a strong iPhone upgrade cycle, though some analysts cited mixed early demand and premium-pricing risks.
• Apple reported quarterly revenue of $109.42 billion and EPS of $2.02, exceeding estimates, while revenue rose 16.4% year over year. The stock opened at $336.13, near its 52-week high, and pays a quarterly dividend of $0.27 per share.

Nvest Financial LLC lowered its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 7.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,290 shares of the iPhone maker's stock after selling 3,541 shares during the quarter. Apple makes up approximately 3.9% of Nvest Financial LLC's portfolio, making the stock its 3rd biggest position. Nvest Financial LLC's holdings in Apple were worth $12,237,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Rainier Family Wealth Inc. lifted its position in Apple by 14.1% during the 1st quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker's stock worth $6,189,000 after acquiring an additional 3,014 shares during the period. Eaton Cambridge Inc. boosted its stake in shares of Apple by 21.3% in the first quarter. Eaton Cambridge Inc. now owns 13,968 shares of the iPhone maker's stock valued at $3,545,000 after buying an additional 2,450 shares in the last quarter. Torren Management LLC purchased a new position in Apple in the fourth quarter worth $1,178,000. Summit Wealth Partners LLC raised its position in Apple by 108.3% in the first quarter. Summit Wealth Partners LLC now owns 34,989 shares of the iPhone maker's stock worth $8,880,000 after acquiring an additional 18,188 shares in the last quarter. Finally, Davis R M Inc. boosted its position in shares of Apple by 2.1% during the 1st quarter. Davis R M Inc. now owns 1,151,352 shares of the iPhone maker's stock worth $292,202,000 after purchasing an additional 23,162 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AAPL has been the subject of several recent analyst reports. HSBC reiterated a "buy" rating and issued a $366.00 price objective on shares of Apple in a research note on Tuesday, September 8th. UBS Group reaffirmed a "buy" rating on shares of Apple in a report on Thursday. BTIG Research assumed coverage on Apple in a report on Monday, August 17th. They issued a "neutral" rating on the stock. Argus boosted their price objective on shares of Apple from $325.00 to $375.00 in a research report on Monday, June 8th. Finally, Weiss Ratings downgraded shares of Apple from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $340.14.

Key Headlines Impacting Apple

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

Insider Transactions at Apple

In other Apple news, SVP Jennifer Newstead sold 1,438 shares of the firm's stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $330.19, for a total value of $474,813.22. Following the sale, the senior vice president directly owned 32,914 shares of the company's stock, valued at approximately $10,867,873.66. This trade represents a 4.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 8,632 shares of company stock valued at $2,719,955. 0.06% of the stock is currently owned by company insiders.

Apple Stock Performance

NASDAQ:AAPL opened at $336.13 on Monday. 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 firm has a market cap of $4.91 trillion, a PE ratio of 38.55, a P/E/G ratio of 2.92 and a beta of 1.08. The firm has a 50 day simple moving average of $320.24 and a 200-day simple moving average of $294.90. Apple Inc. has a 1-year low of $240.21 and a 1-year high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 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 analysts' expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. Apple's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.57 EPS. On average, equities analysts expect that Apple Inc. will post 8.74 EPS for the current year.

Apple Dividend Announcement

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

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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