2,916 Apple Inc. $AAPL Shares Sold by Nicollet Investment Management Inc.

Nicollet Investment Management Inc. lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 70,368 shares of the iPhone maker’s stock after selling 2,916 shares during the quarter. Apple makes up approximately 7.0% of Nicollet Investment Management Inc.’s holdings, making the stock its biggest holding. Nicollet Investment Management Inc.’s holdings in Apple were worth $23,434,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of AAPL. Avenir Tech Ltd purchased a new position in shares of Apple during the 2nd quarter worth $29,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Apple in the second quarter valued at $30,000. ABS Investment Management LLC purchased a new stake in shares of Apple in the second quarter valued at $376,168,000. Bamco Inc. NY purchased a new stake in shares of Apple in the second quarter valued at $118,000. Finally, Bard Associates Inc. acquired a new position in Apple in the second quarter valued at $161,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone Duo demand is the primary catalyst. The foldable phone launched globally Friday amid long lines, limited store inventory and reports that preorders are backordered into 2027. Supply-chain reports indicate Apple raised its first-year shipment target by 44%, to roughly 14 million units. The premium product could expand Apple’s addressable market and support revenue growth. Apple fans react as iPhone Duo hits stores
• Positive Sentiment: The launch strengthens Apple’s broader hardware and services roadmap. Analysts are evaluating whether the Duo can drive accessory, software and services revenue, while potential touchscreen Macs, smart-home products and an Apple-Schneider Electric energy-management partnership provide additional growth opportunities. Will Apple take over the smart home
• Positive Sentiment: Apple briefly reclaimed the title of world’s most valuable public company. AAPL approached or surpassed Nvidia’s approximately $5 trillion valuation as Nvidia shares weakened during a broader AI-stock selloff. Investors are treating Apple’s substantial cash generation and lower AI infrastructure spending as a relative safe haven. Apple tops Nvidia in market value
• Neutral Sentiment: The next major test is earnings. Apple’s fiscal fourth-quarter results are expected November 2, with investors looking for evidence that iPhone Duo demand, holiday sales and margins justify a stock trading near 40 times earnings. Analysts remain broadly constructive, but the average price target is close to recent trading levels.
• Negative Sentiment: Execution and valuation risks remain significant. Some early users have reported cracked foldable screens, while reviews cite first-generation glitches, a $2,000 price and limitations involving the camera and apps. These issues could affect returns, customer satisfaction and adoption.
• Negative Sentiment: Insider selling adds a modest cautionary signal. Senior Vice President Jennifer Newstead sold approximately $815,000 of AAPL shares, following several similar sales. The transaction is small relative to Apple’s size but may reinforce concerns that the stock has become expensive.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Sanford C. Bernstein reiterated an “outperform” rating on shares of Apple in a research report on Friday, September 25th. Evercore set a $380.00 price target on Apple and gave the stock an “outperform” rating in a research note on Friday, September 18th. DA Davidson restated a “neutral” rating and issued a $270.00 price target on shares of Apple in a report on Wednesday, September 2nd. Piper Sandler initiated coverage on shares of Apple in a research note on Monday, August 17th. They set an “overweight” rating for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of Apple from $340.00 to $360.00 and gave the company an “overweight” rating in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $340.12.

Insider Activity

In other Apple news, CFO Kevan Parekh sold 1,392 shares of the company’s stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $345.05, for a total transaction of $480,309.60. Following the completion of the sale, the chief financial officer directly owned 17,539 shares in the company, valued at $6,051,831.95. This represents a 7.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO John Ternus sold 25,412 shares of the company’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $332.94, for a total value of $8,460,671.28. Following the sale, the chief executive officer owned 59,567 shares of the company’s stock, valued at $19,832,236.98. This represents a 29.90% decrease in their ownership of the stock. 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 have sold 286,853 shares of company stock valued at $95,477,342 in the last 90 days. 0.06% of the stock is owned by corporate insiders.

Apple Stock Down 0.1%

Shares of NASDAQ AAPL opened at $347.73 on Friday. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $351.73. The firm has a fifty day moving average of $329.75 and a 200-day moving average of $309.34. The stock has a market capitalization of $5.07 trillion, a PE ratio of 39.88, a P/E/G ratio of 2.75 and a beta of 1.07. 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 (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm posted $1.57 EPS. On average, analysts anticipate that Apple Inc. will post 8.75 EPS for the current year.

Apple Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple’s payout ratio is 12.39%.

Apple Company 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.