Apple Inc. $AAPL Shares Sold by Sovran Advisors LLC

Posted by Geri Gentry on Sep 6th, 2026

Sovran Advisors LLC lowered its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 5.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 108,755 shares of the iPhone maker’s stock after selling 6,126 shares during the period. Apple accounts for approximately 2.3% of Sovran Advisors LLC’s holdings, making the stock its 5th biggest holding. Sovran Advisors LLC’s holdings in Apple were worth $31,469,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Rainier Family Wealth Inc. lifted its stake in Apple by 14.1% in the first quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker’s stock valued at $6,189,000 after buying an additional 3,014 shares during the last quarter. Eaton Cambridge Inc. grew its position in shares of Apple by 21.3% during the first quarter. Eaton Cambridge Inc. now owns 13,968 shares of the iPhone maker’s stock worth $3,545,000 after acquiring an additional 2,450 shares during the last quarter. Torren Management LLC bought a new position in Apple in the 4th quarter worth approximately $1,178,000. Summit Wealth Partners LLC grew its holdings in Apple by 108.3% in the 1st quarter. Summit Wealth Partners LLC now owns 34,989 shares of the iPhone maker’s stock worth $8,880,000 after buying an additional 18,188 shares in the last quarter. Finally, Davis R M Inc. increased its position in Apple by 2.1% in the 1st quarter. Davis R M Inc. now owns 1,151,352 shares of the iPhone maker’s stock valued at $292,202,000 after acquiring an additional 23,162 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Apple news, insider Ben Borders sold 116 shares of Apple stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the transaction, the insider directly owned 38,713 shares of the company’s stock, valued at $11,425,754.82. The trade was a 0.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 1,439 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total transaction of $456,177.39. Following the transaction, the senior vice president directly owned 35,790 shares in the company, valued at $11,345,787.90. This trade represents a 3.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 5,872 shares of company stock worth $1,823,201 in the last ninety days. Insiders own 0.06% of the company’s stock.

More Apple News

Here are the key news stories impacting Apple this week:

Positive Sentiment: Apple’s Sept. 9 product event is generating significant interest under new CEO John Ternus, with expectations for new iPhones, an Apple Watch update and potentially the company’s first foldable iPhone. Citi estimates the foldable device could sell 7.3 million units despite a possible price above $2,000. Citi foldable iPhone sales forecast
Positive Sentiment: Apple’s latest quarter showed strong momentum, with revenue rising 16.4% year over year and earnings exceeding analyst expectations. Morgan Stanley has also suggested the foldable iPhone could contribute roughly $14 billion in December-quarter revenue if successfully launched. Morgan Stanley foldable iPhone estimate
Neutral Sentiment: John Ternus has succeeded Tim Cook as CEO, while Cook remains executive chairman. The transition offers continuity through a longtime Apple executive but raises questions about whether Ternus can accelerate Apple’s artificial-intelligence strategy and sustain Cook-era growth. John Ternus becomes Apple CEO
Negative Sentiment: Reports indicate initial foldable iPhone production was only a few hundred units per day in late August. Tight quality controls and memory shortages could limit launch supply, delay purchases and prevent Apple from fully capturing expected demand. Foldable iPhone production hurdles
Negative Sentiment: Memory costs have reportedly surged, potentially forcing Apple to raise iPhone prices, absorb lower margins or risk weaker demand. Jefferies has also downgraded AAPL amid skepticism about the foldable product’s market potential. iPhone memory cost concerns
Negative Sentiment: Apple faces a $2.7 billion UK lawsuit over alleged unfair app-tracking rules and a separate BASF patent lawsuit involving facial-authentication technology, adding regulatory and litigation risk. Apple UK app-tracking lawsuit

Apple Trading Down 2.5%

Shares of NASDAQ AAPL opened at $319.97 on Friday. The business has a 50-day moving average price of $315.65 and a two-hundred day moving average price of $290.34. The firm has a market capitalization of $4.67 trillion, a PE ratio of 36.69, a PEG ratio of 2.77 and a beta of 1.08. Apple Inc. has a one year low of $225.95 and a one year high of $344.57. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.13. The company 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 quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the business earned $1.57 EPS. As a group, analysts predict that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. Apple’s dividend payout ratio (DPR) is currently 12.39%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Apple in a research note on Friday, July 31st. China Renaissance lowered Apple from a “buy” rating to a “hold” rating and set a $280.00 price target for the company. in a research note on Tuesday, August 4th. The Goldman Sachs Group initiated coverage on shares of Apple in a research report on Monday, August 17th. They set a “buy” rating for the company. Morgan Stanley reiterated an “overweight” rating and issued a $360.00 target price on shares of Apple in a report on Wednesday. Finally, Piper Sandler assumed coverage on Apple in a research report on Monday, August 17th. They set an “overweight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $330.61.

View Our Latest Stock Report on Apple

Apple Profile

(Free Report)

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.