Apple Inc. $AAPL Holdings Lessened by Nicollet Investment Management Inc.

Nicollet Investment Management Inc. reduced its stake in Apple Inc. (NASDAQ:AAPL) by 4.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,368 shares of the iPhone maker’s stock after selling 2,916 shares during the period. Apple makes up about 7.0% of Nicollet Investment Management Inc.’s holdings, making the stock its largest holding. Nicollet Investment Management Inc.’s holdings in Apple were worth $23,434,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ABLE Financial Group LLC grew its stake in Apple by 4.9% during the 3rd quarter. ABLE Financial Group LLC now owns 48,794 shares of the iPhone maker’s stock worth $16,249,000 after purchasing an additional 2,285 shares in the last quarter. Aspen Wealth Management LLC increased its holdings in Apple by 9.3% during the 3rd quarter. Aspen Wealth Management LLC now owns 15,239 shares of the iPhone maker’s stock worth $5,075,000 after purchasing an additional 1,294 shares during the period. Shore Point Advisors LLC increased its holdings in Apple by 36.0% during the 3rd quarter. Shore Point Advisors LLC now owns 5,588 shares of the iPhone maker’s stock worth $1,810,000 after purchasing an additional 1,479 shares during the period. Wealth Forward LLC increased its holdings in Apple by 0.3% during the 3rd quarter. Wealth Forward LLC now owns 13,327 shares of the iPhone maker’s stock worth $4,438,000 after purchasing an additional 35 shares during the period. Finally, MinichMacGregor Wealth Management LLC raised its position in Apple by 5.8% in the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 14,627 shares of the iPhone maker’s stock valued at $4,871,000 after purchasing an additional 799 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AAPL shares. Rosenblatt Securities reiterated a “neutral” rating and issued a $303.00 price objective on shares of Apple in a research note on Thursday, September 10th. Sanford C. Bernstein reissued an “outperform” rating on shares of Apple in a research report on Friday, September 25th. Weiss Ratings upgraded shares of Apple from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Maxim Group raised their target price on shares of Apple from $350.00 to $380.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Phillip Securities raised their target price on shares of Apple from $290.00 to $300.00 and gave the company a “neutral” rating in a report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $340.12.

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.

Insider Activity

In other Apple news, SVP Deirdre O’brien sold 46,389 shares of the company’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the transaction, the senior vice president directly owned 136,810 shares in the company, valued at approximately $45,615,190.20. This represents a 25.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $339.62, for a total value of $814,748.38. Following the completion of the sale, the senior vice president owned 34,795 shares in the company, valued at approximately $11,817,077.90. This represents a 6.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 286,853 shares of company stock valued at $95,477,342 in the last quarter. Insiders own 0.06% of the company’s stock.

Apple Stock Down 0.1%

AAPL stock opened at $347.73 on Friday. Apple Inc. has a one year low of $243.42 and a one year high of $351.73. The stock has a market capitalization of $5.07 trillion, a PE ratio of 39.88, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The company has a fifty day moving average of $329.75 and a 200-day moving average of $309.34.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter in the previous year, the firm earned $1.57 earnings per share. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. As a group, analysts expect that Apple Inc. will post 8.75 EPS for the current year.

Apple Dividend Announcement

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%.

About Apple

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.