Covea Finance Reduces Holdings in Apple Inc. $AAPL

Covea Finance lessened its stake in Apple Inc. (NASDAQ:AAPL) by 1.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 657,284 shares of the iPhone maker’s stock after selling 11,325 shares during the period. Apple accounts for approximately 5.8% of Covea Finance’s investment portfolio, making the stock its 2nd largest holding. Covea Finance’s holdings in Apple were worth $167,364,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AAPL. Financial Futures Ltd Liability Co. grew its stake in shares of Apple by 13.2% during the second quarter. Financial Futures Ltd Liability Co. now owns 3,552 shares of the iPhone maker’s stock worth $729,000 after acquiring an additional 415 shares during the last quarter. Monarch Capital Management Inc. boosted its stake in Apple by 4.6% in the 2nd quarter. Monarch Capital Management Inc. now owns 66,967 shares of the iPhone maker’s stock worth $13,740,000 after purchasing an additional 2,920 shares in the last quarter. American National Bank & Trust grew its position in Apple by 2.4% during the 2nd quarter. American National Bank & Trust now owns 195,482 shares of the iPhone maker’s stock worth $40,107,000 after purchasing an additional 4,543 shares during the last quarter. Riverwater Partners LLC grew its position in Apple by 17.9% during the 2nd quarter. Riverwater Partners LLC now owns 5,404 shares of the iPhone maker’s stock worth $1,109,000 after purchasing an additional 819 shares during the last quarter. Finally, Andina Capital Management LLC increased its stake in Apple by 209.2% during the 1st quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock valued at $1,507,000 after purchasing an additional 4,591 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Price Performance

Shares of NASDAQ AAPL opened at $267.26 on Tuesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.89 and a quick ratio of 0.86. The stock has a market capitalization of $3.95 trillion, a price-to-earnings ratio of 35.78, a PEG 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 12 month low of $169.21 and a 12 month high of $288.62.

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, topping analysts’ consensus estimates of $1.74 by $0.11. The firm had revenue of $102.47 billion for the quarter, compared to the consensus estimate of $101.65 billion. Apple had a net margin of 26.92% and a return on equity of 164.05%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 earnings per share. Analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 10th were given a dividend of $0.26 per share. The ex-dividend date was Monday, November 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s dividend payout ratio (DPR) is 13.92%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Melius Research set a $345.00 price objective on shares of Apple in a report on Friday, October 31st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. increased their price objective on Apple from $290.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Morgan Stanley restated an “overweight” rating and issued a $315.00 price objective (up from $305.00) on shares of Apple in a research note on Wednesday, December 17th. Finally, TD Cowen upped their target price on Apple from $275.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $283.92.

Insider Activity

In other news, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $247.39, for a total value of $1,038,790.61. Following the completion of the sale, the chief financial officer directly owned 8,765 shares in the company, valued at $2,168,373.35. The trade was a 32.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Chris Kondo sold 3,752 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $271.23, for a total value of $1,017,654.96. Following the transaction, the insider directly owned 15,098 shares of the company’s stock, valued at approximately $4,095,030.54. The trade was a 19.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.06% of the stock is owned by insiders.

Key Stores Impacting Apple

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

Apple Company Profile

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.