Covea Finance Trims Stock Position in Apple Inc. $AAPL

Covea Finance trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 657,284 shares of the iPhone maker’s stock after selling 11,325 shares during the period. Apple makes up approximately 5.8% of Covea Finance’s holdings, making the stock its 2nd biggest holding. Covea Finance’s holdings in Apple were worth $167,364,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AAPL. Rainier Family Wealth Inc. lifted its holdings in shares of Apple by 29.3% in the 3rd quarter. Rainier Family Wealth Inc. now owns 19,921 shares of the iPhone maker’s stock valued at $5,072,000 after acquiring an additional 4,515 shares during the last quarter. Uncommon Cents Investing LLC raised its position in Apple by 0.4% during the third quarter. Uncommon Cents Investing LLC now owns 10,609 shares of the iPhone maker’s stock valued at $2,701,000 after purchasing an additional 47 shares during the period. Virginia Wealth Management Group Inc. lifted its stake in shares of Apple by 0.5% in the 3rd quarter. Virginia Wealth Management Group Inc. now owns 21,041 shares of the iPhone maker’s stock valued at $5,358,000 after purchasing an additional 95 shares during the last quarter. Borer Denton & Associates Inc. boosted its holdings in shares of Apple by 0.7% in the 3rd quarter. Borer Denton & Associates Inc. now owns 69,886 shares of the iPhone maker’s stock worth $17,795,000 after purchasing an additional 520 shares during the period. Finally, Fortress Wealth Management Inc. increased its position in shares of Apple by 1.2% during the 3rd quarter. Fortress Wealth Management Inc. now owns 6,340 shares of the iPhone maker’s stock valued at $1,614,000 after purchasing an additional 77 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Bank of America raised their price target on Apple from $270.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Wedbush set a $350.00 target price on shares of Apple and gave the company an “outperform” rating in a research note on Monday, December 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a research note on Wednesday, December 3rd. Robert W. Baird set a $300.00 price target on shares of Apple in a report on Friday, October 31st. Finally, Wall Street Zen lowered shares of Apple from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $283.92.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $267.26 on Tuesday. The firm has a market cap of $3.95 trillion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 2.54 and a beta of 1.09. The firm’s 50 day simple moving average is $273.62 and its 200-day simple moving average is $245.47. Apple Inc. has a one year low of $169.21 and a one year high of $288.62. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.86 and a current ratio of 0.89.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. The firm had revenue of $102.47 billion during the quarter, compared to analyst estimates of $101.65 billion. Apple had a return on equity of 164.05% and a net margin of 26.92%.Apple’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.64 earnings per share. As a group, equities analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 10th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, November 10th. Apple’s payout ratio is presently 13.92%.

Insider Transactions at Apple

In other Apple news, insider Chris Kondo sold 3,752 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $271.23, for a total transaction of $1,017,654.96. Following the transaction, the insider directly owned 15,098 shares in the company, valued at $4,095,030.54. This represents a 19.90% 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, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the completion of the sale, the chief financial officer owned 8,765 shares of the company’s stock, valued at approximately $2,168,373.35. This represents a 32.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.06% of the stock is owned by corporate insiders.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Monness (Brian White) reaffirmed a Buy and a $300 target, signaling at least one influential analyst expects a 2026 rebound tied to product refreshes. Apple: Navigating Short-Term AI and Macro Headwinds…
• Positive Sentiment: Social and forum chatter points to strong early enthusiasm for the iPhone 17 launch, which could support near-term device revenue and sentiment. Apple Inc. Stock (AAPL) Opinions on iPhone 17 Launch
• Positive Sentiment: Barchart explores whether a revamped Fitness+ could become a modest Services growth driver in 2026 — a positive for recurring revenue if adoption improves. Can Fitness+ Move the Needle for Apple Stock in 2026?
• Neutral Sentiment: Benzinga notes Apple is “trending” largely because Raymond James resumed coverage and shifted to Market Perform — the story is driving attention but not uniformly bullish or bearish. Why Are Apple Shares Trending Monday?
• Neutral Sentiment: Analyst price-target dispersion remains wide: many buy ratings and a median ~ $305 target coexist with a few low targets — markets are digesting mixed views on upside. Apple Inc. Stock (AAPL) Opinions on iPhone 17 Launch
• Negative Sentiment: Raymond James resumed coverage with a Market Perform/downgrade tied to valuation and a view that much of Apple’s strengths are already priced in — this is a direct driver of the weaker session. Consumer Discretionary Stocks Q3 Teardown: Apple Vs The Rest
• Negative Sentiment: Multiple outlets report Apple has scaled back Vision Pro production after weak sales — lower-than-expected adoption for a high-profile product raises near-term execution concerns. Apple’s Vision Pro Production Plans…
• Negative Sentiment: Competitive pressure and AI-integration concerns: Samsung is pushing AI-powered devices at scale and several analysts flag Apple’s slower AI rollout as a risk to device-share momentum. Samsung’s Plan to Wreck Apple
• Negative Sentiment: Insider selling activity and commentary about limited upside (several analysts warning of stagnation) add to the cautious tone among investors. Apple Inc. Stock (AAPL) Opinions on iPhone 17 Launch

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.