Apple Inc. $AAPL Shares Sold by Alpha Omega Wealth Management LLC

Key Points

• Apple beat Q1 expectations, reporting EPS of $2.84 versus $2.67 expected and revenue of $143.76 billion (up 15.7% year‑over‑year).
• Insider selling accelerated: CEO Timothy D. Cook sold 64,949 shares for about $16.5 million under a Rule 10b5‑1 plan, and insiders have sold 96,485 shares (~$24.6 million) in the past 90 days.
• Alpha Omega Wealth Management trimmed its stake in Apple by 4.8%, holding 69,034 shares worth $18.77 million after the sales, making AAPL its fourth‑largest holding (3.1% of assets).

Alpha Omega Wealth Management LLC cut its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,034 shares of the iPhone maker's stock after selling 3,469 shares during the quarter. Apple accounts for 3.1% of Alpha Omega Wealth Management LLC's holdings, making the stock its 4th largest holding. Alpha Omega Wealth Management LLC's holdings in Apple were worth $18,768,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sellwood Investment Partners LLC raised its holdings in shares of Apple by 110.9% in the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker's stock valued at $34,000 after buying an additional 71 shares during the period. ROSS JOHNSON & Associates LLC raised its holdings in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after buying an additional 180 shares during the period. LSV Asset Management acquired a new position in Apple during the 4th quarter worth $65,000. eCIO Inc. acquired a new position in Apple during the 4th quarter worth $112,000. Finally, HFM Investment Advisors LLC acquired a new position in Apple during the 1st quarter worth $99,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Transactions at Apple

In other news, CEO Timothy D. Cook sold 64,949 shares of the company's stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the completion of the transaction, the chief executive officer directly owned 3,280,418 shares of the company's stock, valued at approximately $833,980,668.14. This represents a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevan Parekh sold 1,534 shares of the company's stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total value of $421,850.00. Following the transaction, the chief financial officer directly owned 13,366 shares of the company's stock, valued at approximately $3,675,650. This represents a 10.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 96,485 shares of company stock valued at $24,594,845. 0.06% of the stock is currently owned by corporate insiders.

Apple Trading Down 0.2%

NASDAQ:AAPL opened at $270.17 on Thursday. The stock has a 50-day simple moving average of $260.51 and a 200-day simple moving average of $264.98. The stock has a market cap of $3.97 trillion, a P/E ratio of 34.16, a P/E/G ratio of 2.44 and a beta of 1.11. Apple Inc. has a 1 year low of $193.25 and a 1 year high of $288.62. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.94 and a current ratio of 0.97.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.17. The business had revenue of $143.76 billion during the quarter, compared to analysts' expectations of $138.25 billion. Apple had a return on equity of 159.94% and a net margin of 27.04%.The business's quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.40 EPS. As a group, analysts anticipate that Apple Inc. will post 8.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on AAPL. Citigroup reissued a "buy" rating on shares of Apple in a research note on Tuesday, April 21st. Jefferies Financial Group set a $330.00 target price on Apple in a research note on Wednesday, March 4th. The Goldman Sachs Group reissued a "buy" rating on shares of Apple in a research note on Monday, March 2nd. Barclays boosted their target price on Apple from $239.00 to $248.00 and gave the stock an "underweight" rating in a research note on Tuesday, March 3rd. Finally, Maxim Group raised Apple from a "hold" rating to a "buy" rating and set a $300.00 target price for the company in a research note on Friday, January 30th. One research analyst has 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $301.83.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: iPhone momentum and share gains support revenue upside — reports say Apple reclaimed the top global smartphone slot in the March quarter, which underpins expectations for continued hardware-led top‑line strength. iPhone 17 shipment story
• Positive Sentiment: Services growth and App Store moves could lift recurring revenue — Services jumped ~14% Y/Y in fiscal Q1 and Apple rolled out a cheaper, 12‑month-commitment monthly subscription option to boost retention and ARPU. Services growth article App Store subscription change
• Positive Sentiment: Street upgrades and modest estimate bumps ahead of earnings — UBS and some analysts raised targets and Erste edged FY26 EPS forecasts up, increasing the bar for a beat/guide‑up reaction. UBS price target lift
• Neutral Sentiment: Scheduled earnings and macro prints are the immediate catalyst — Q2 results (Apr 30 after close) and April PCE/GDP/Fed commentary this week increase short‑term volatility and make the print the main market mover. Earnings and economic calendar preview
• Neutral Sentiment: CEO succession to John Ternus is being priced in — investors are parsing his engineering/product focus (longer-term positive) versus near‑term execution risk during the transition. Ternus CEO succession piece
• Negative Sentiment: Competition on AI-first phones (Qualcomm + OpenAI/MediaTek) is pressuring sentiment — reports that rivals are building AI-native chips have led to rotation into chipmakers and increased worry about Apple’s on‑device AI roadmap. Qualcomm/OpenAI competition
• Negative Sentiment: Regulatory/legal uncertainty on the App Store persists — Epic’s recent procedural win keeps the external‑payments environment unsettled, which could affect Services economics and developer relations. Epic Games / App Store legal update
• Negative Sentiment: Ongoing criticism that Apple lags on AI execution — multiple pieces argue Apple needs a visible AI breakthrough; that narrative is increasing downside risk if the earnings/guide don’t show clear AI monetization progress. Apple AI execution concern
• Negative Sentiment: Insider selling flagged — a recent SEC filing shows a sale by a senior finance executive, which can amplify short‑term nervousness even if the size is modest. SEC Form 4

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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