Apple Inc. $AAPL Shares Sold by Academy Capital Management

Key Points

• Academy Capital Management trimmed its Apple stake by 6.7% in Q3, selling 20,737 shares and now holds 288,878 shares worth about $73.56 million, with Apple representing roughly 10.5% of its portfolio (its largest position).
• Several large funds also adjusted positions — including new or increased holdings from Norges Bank, Nuveen and Northern Trust — and institutional investors now own about 67.73% of Apple’s stock.
• On the business side, Apple beat quarterly EPS estimates at $2.84, reported ~23% iPhone sales growth in China, generated roughly $900M from AI-related App Store activity, and carries a consensus analyst price target near $297.58 with a market cap of $3.64 trillion.

Academy Capital Management lessened its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 6.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 288,878 shares of the iPhone maker's stock after selling 20,737 shares during the period. Apple makes up about 10.5% of Academy Capital Management's portfolio, making the stock its biggest position. Academy Capital Management's holdings in Apple were worth $73,557,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of AAPL. Norges Bank acquired a new position in Apple in the second quarter valued at approximately $38,942,255,000. Nuveen LLC purchased a new position in shares of Apple during the 1st quarter valued at approximately $17,472,482,000. PKS Advisory Services LLC lifted its stake in shares of Apple by 98,917.0% in the 2nd quarter. PKS Advisory Services LLC now owns 57,956,620 shares of the iPhone maker's stock valued at $12,106,000 after purchasing an additional 57,898,088 shares during the period. Laurel Wealth Advisors LLC lifted its stake in shares of Apple by 20,464.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker's stock valued at $5,553,753,000 after purchasing an additional 26,937,401 shares during the period. Finally, Northern Trust Corp boosted its holdings in Apple by 13.3% during the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock worth $42,918,365,000 after buying an additional 20,079,472 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: China strength: iPhone sales in China jumped ~23% in the first nine weeks of 2026, outpacing a weak local market and supporting Apple's revenue and unit growth prospects in a key market. Apple's China smartphone sales jump 23%
• Positive Sentiment: Product demand: Apple’s Mac had its best-ever launch week for first-time customers, signaling continued strength in Mac demand that can help hardware revenue mix. Apple Mac sees best ever launch week
• Positive Sentiment: Legal win on Apple Watch: A U.S. trade tribunal preliminarily ruled redesigned Apple Watches don’t infringe Masimo patents, fending off a renewed import ban and removing a regulatory/shutdown risk for Watch shipments. Apple Watch clears key patent challenge
• Positive Sentiment: AI/App Store monetization: Reporting suggests Apple made ~$900M from AI-related App Store activity last year and could top $1B soon — a recurring, high-margin revenue stream that supports services growth. Apple made $900M from AI
• Neutral Sentiment: CEO outreach: Tim Cook’s China visit reinforces focus on local partnerships and regulatory navigation — positive strategically but not an immediate earnings catalyst. Tim Cook's China visit
• Neutral Sentiment: New integrations and content deals (Apple Health integrations, Apple TV sports/content deals) expand ecosystem stickiness but their near-term revenue impact is uncertain. Apple Health integrates with Perplexity Health
• Negative Sentiment: Security risk: Researchers flagged the "DarkSword" iOS exploit and related spyware/ghostblade campaigns targeting crypto wallets; Apple has issued alerts and pushed patches — security scares can dent consumer confidence and spur short-term churn or support costs. DarkSword iPhone exploit threatens wallets
• Negative Sentiment: Market sentiment and positioning: Some AI-driven price models are bearish for Q2 and there’s visible insider selling and mixed analyst positioning — these contribute to short-term selling pressure. AI sets Apple stock price for Q2 2026

Analysts Set New Price Targets

A number of research analysts have weighed in on AAPL shares. Citigroup reaffirmed a "buy" rating and issued a $315.00 price objective (down from $330.00) on shares of Apple in a report on Tuesday, January 20th. Jefferies Financial Group set a $330.00 target price on shares of Apple in a research note on Wednesday, March 4th. Royal Bank Of Canada set a $325.00 target price on Apple in a research report on Monday, February 2nd. Wedbush restated an "outperform" rating and issued a $350.00 price target on shares of Apple in a research note on Wednesday, March 4th. Finally, Oppenheimer reaffirmed a "market perform" rating on shares of Apple in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $297.58.

Apple Stock Down 0.4%

Shares of AAPL opened at $247.99 on Friday. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $288.62. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.87. The company's 50-day moving average price is $260.99 and its 200 day moving average price is $261.97. The firm has a market cap of $3.64 trillion, a P/E ratio of 31.35, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share for the quarter, beating analysts' consensus estimates of $2.67 by $0.17. Apple had a net margin of 27.04% and a return on equity of 159.94%. The firm had revenue of $143.76 billion during the quarter, compared to analysts' expectations of $138.25 billion. During the same quarter in the previous year, the business posted $2.40 earnings per share. The business's quarterly revenue was up 15.7% compared to the same quarter last year. On average, sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple's dividend payout ratio (DPR) is currently 13.15%.

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.

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