Apple Inc. $AAPL Stock Sold by Seven Mile Advisory

Posted by Brian Himes on Nov 12th, 2026

Seven Mile Advisory trimmed its position in Apple Inc. (NASDAQ:AAPL – Free Report) by 6.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 21,730 shares of the iPhone maker’s stock after selling 1,502 shares during the quarter. Apple accounts for about 4.7% of Seven Mile Advisory’s investment portfolio, making the stock its 4th largest holding. Seven Mile Advisory’s holdings in Apple were worth $7,237,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Sterling Wealth Management Inc. raised its holdings in shares of Apple by 0.3% during the 2nd quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker’s stock worth $3,351,000 after acquiring an additional 30 shares in the last quarter. Thor Investment Management Inc. OH ADV boosted its position in shares of Apple by 1.6% during the 3rd quarter. Thor Investment Management Inc. OH ADV now owns 1,912 shares of the iPhone maker’s stock valued at $637,000 after acquiring an additional 30 shares during the last quarter. Evansbrook LLC grew its holdings in shares of Apple by 0.4% in the first quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker’s stock valued at $2,054,000 after purchasing an additional 34 shares in the last quarter. JMG Financial Group Ltd. grew its holdings in shares of Apple by 0.7% in the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker’s stock valued at $1,295,000 after purchasing an additional 35 shares in the last quarter. Finally, Wealth Forward LLC grew its holdings in shares of Apple by 0.3% in the third quarter. Wealth Forward LLC now owns 13,327 shares of the iPhone maker’s stock valued at $4,438,000 after purchasing an additional 35 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Apple

Here are a few of the latest headlines about AAPL:

Positive Sentiment: China Renaissance upgraded Apple to Buy from Hold and raised its price target to $425, citing growth potential from Apple’s first foldable iPhone. The bullish outlook helped support shares. Analyst raises Apple price target to $425
Negative Sentiment: Memory-chip prices are creating a margin headwind. Apple’s December-quarter gross-margin outlook of 45%–46% was reported below analysts’ 46.3% expectation, tempering the positive impact of strong sales. Apple faces memory-cost pressure despite record quarter
Negative Sentiment: Some analysts and commentators argue the shares look expensive after a strong run, raising the risk that high expectations could limit further gains if growth or margins disappoint. Apple shares look expensive heading into 2027

Apple Stock Up 2.0%

Shares of NASDAQ AAPL opened at $355.63 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 0.94. The company has a market cap of $5.17 trillion, a P/E ratio of 39.65, a PEG ratio of 3.35 and a beta of 1.07. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $355.91. The firm has a 50-day simple moving average of $337.88 and a two-hundred day simple moving average of $300.06.

Apple (NASDAQ:AAPL – Get Free Report) last announced its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.11. The business had revenue of $114.48 billion during the quarter, compared to analyst estimates of $113.40 billion. Apple had a return on equity of 125.35% and a net margin of 27.60%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.85 earnings per share. Research analysts anticipate that Apple Inc. will post 9.45 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Thursday, November 12th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, November 12th. Apple’s dividend payout ratio (DPR) is currently 12.04%.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of recent research reports. BTIG Research began coverage on shares of Apple in a research note on Monday, August 17th. They set a “neutral” rating on the stock. China Renaissance upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $425.00 price objective for the company in a research report on Wednesday. Guggenheim set a $400.00 price objective on shares of Apple in a research note on Tuesday, November 3rd. Evercore restated an “outperform” rating on shares of Apple in a report on Tuesday, October 27th. Finally, HSBC restated a “buy” rating on shares of Apple in a research report on Tuesday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $347.11.

Read Our Latest Stock Report on Apple

Insider Activity

In other Apple news, insider Ben Borders sold 1,280 shares of the stock in a transaction on Friday, October 16th. The stock was sold at an average price of $345.40, for a total value of $442,112.00. Following the sale, the insider owned 38,288 shares in the company, valued at $13,224,675.20. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $325.75, for a total value of $781,474.25. Following the completion of the sale, the senior vice president owned 29,997 shares in the company, valued at approximately $9,771,522.75. The trade was a 7.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 290,212 shares of company stock worth $96,639,685 in the last three months. Corporate insiders own 0.06% of the company’s stock.

Apple Company Profile

(Free Report)

Apple Inc. designs, manufactures and markets consumer electronics, software and digital services. Its products include the iPhone, Mac computers, iPad, Apple Watch and AirPods, along with operating systems and applications such as iOS, macOS and iPadOS. The company also offers services including the App Store, Apple Music, Apple TV+, iCloud and Apple Pay. These products and services are integrated across Apple’s devices and are sold to consumers, businesses and institutions around the world. Founded in 1976 and headquartered in Cupertino, California, Apple serves customers globally through online and retail stores, wireless carriers and other resellers.