Apple Inc. $AAPL Shares Sold by Code Waechter LLC

Key Points

• Code Waechter LLC cut its Apple stake by 22.4% in Q4, selling 2,402 shares and retaining 8,323 shares worth about $2.263 million (Apple is ~1.5% of its portfolio and its 15th largest holding).
• Apple beat expectations with $2.01 EPS (vs. $1.95) and $111.18B revenue for the quarter, and boosted shareholder returns by announcing a $100 billion buyback and raising the quarterly dividend to $0.27.
• Insider selling was notable—CEO Tim Cook sold 64,949 shares (~$16.5M) under a 10b5-1 plan and insiders sold 96,485 shares (~$24.6M) in the quarter—yet analysts maintain a "Moderate Buy" consensus with an average target of $304.31.

Code Waechter LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 22.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,323 shares of the iPhone maker's stock after selling 2,402 shares during the quarter. Apple accounts for approximately 1.5% of Code Waechter LLC's portfolio, making the stock its 15th largest holding. Code Waechter LLC's holdings in Apple were worth $2,263,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sellwood Investment Partners LLC grew its stake in 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 acquiring an additional 71 shares during the period. ROSS JOHNSON & Associates LLC grew its stake in 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 acquiring an additional 180 shares during the period. LSV Asset Management acquired a new stake in Apple in the 4th quarter valued at $65,000. eCIO Inc. acquired a new stake in Apple in the 4th quarter valued at $112,000. Finally, HFM Investment Advisors LLC acquired a new stake in Apple in the 1st quarter valued at $99,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AAPL shares. Royal Bank Of Canada set a $325.00 price target on shares of Apple in a research note on Monday, February 2nd. DA Davidson reissued a "neutral" rating and issued a $270.00 price target on shares of Apple in a research note on Friday, May 1st. Jefferies Financial Group set a $330.00 price target on shares of Apple in a research note on Wednesday, March 4th. BNP Paribas Exane raised shares of Apple from a "neutral" rating to an "outperform" rating and set a $300.00 price target on the stock in a research note on Friday, April 17th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Apple in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Apple presently has a consensus rating of "Moderate Buy" and an average target price of $304.31.

Apple Stock Down 0.0%

NASDAQ AAPL opened at $287.40 on Friday. Apple Inc. has a 52 week low of $193.46 and a 52 week high of $292.13. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The business's fifty day simple moving average is $261.85 and its 200-day simple moving average is $266.04. The firm has a market cap of $4.22 trillion, a PE ratio of 34.75, a P/E/G ratio of 2.51 and a beta of 1.06.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping the consensus estimate of $1.95 by $0.06. Apple had a return on equity of 146.69% and a net margin of 27.15%.The business had revenue of $111.18 billion for the quarter, compared to analyst estimates of $109.46 billion. During the same quarter in the previous year, the firm earned $1.65 EPS. The company's quarterly revenue was up 16.6% compared to the same quarter last year. As a group, equities analysts anticipate that Apple Inc. will post 8.73 earnings per share for the current year.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Monday, May 11th will be issued a dividend of $0.27 per share. The ex-dividend date is Monday, May 11th. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. This is a boost from Apple's previous quarterly dividend of $0.26. Apple's payout ratio is presently 12.58%.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple announced a massive $100 billion additional share buyback, a direct boost to EPS and shareholder returns that typically supports the stock. A $100 Billion Reason to Buy Apple Stock Here
• Positive Sentiment: Baird and Bank of America raised price targets on AAPL, signaling analyst conviction after strong results and lifting investor expectations for upside. Baird and Bank of America Raise Apple (AAPL) Price Targets, See Strong Growth Ahead
• Positive Sentiment: Apple’s March quarter stayed strong (best March quarter ever per several writeups) — solid revenue and EPS beats underpin confidence in iPhone and services momentum. Apple at $284: Buy, Sell or Hold?
• Positive Sentiment: A U.S. trade court ruled that the 10% global tariffs were unlawful, which eases a major cost/uncertainty tail risk for import‑dependent manufacturers like Apple. That legal outcome reduces near‑term tariff pressure on margins and supply chains. Federal Trade Court Rules Trump’s 10% Global Tariffs Were Unlawful
• Positive Sentiment: Apple is opening iOS to third‑party AI models (iOS 27 model-selection plans), which can boost services engagement and monetization over time. Apple's Next iOS Turns iPhone Into an AI Marketplace
• Neutral Sentiment: Analysis claims Apple “won” the 2026 chip procurement race — favorable supplier positioning could protect component supply and product cadence, but operational execution and timing remain the variables to watch. The 2026 Chip War Is Already Over and Apple Dominated
• Neutral Sentiment: Product rumors (AirPods with cameras; foldable “iPhone Fold” design leaks) suggest new hardware refresh catalysts, but timing and commercial impact are speculative. Apple’s (AAPL) AI Comeback May Begin with AirPods that Have Cameras
• Negative Sentiment: Legal and regulatory headwinds are active: Rave filed antitrust suits in multiple countries, Apple faces other App Store/antitrust scrutiny, and the company agreed to a $250M class action settlement over Siri/AI advertising — these raise litigation costs and platform risk. Apple Legal Challenges Put App Store Power And AI Claims In Focus
• Negative Sentiment: Supply constraints are showing in higher‑memory Mac configurations (store pullbacks) and reports of Mac demand outpacing chip availability — this can pressure near‑term sales or push sales later, and it may cap upside until component supply eases. Apple pulls high-memory Mac mini, Mac Studio configs from store on supply crunch

Insider Transactions at Apple

In other news, CEO Timothy D. Cook sold 64,949 shares of Apple stock in a transaction on 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 transaction, the chief executive officer owned 3,280,418 shares in the company, valued at $833,980,668.14. The trade was a 1.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Deirdre O'brien sold 30,002 shares of the firm's stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total value of $7,661,010.70. Following the sale, the senior vice president directly owned 136,810 shares of the company's stock, valued at $34,934,433.50. The trade was a 17.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 96,485 shares of company stock worth $24,594,845 in the last quarter. Company insiders own 0.06% of the company's stock.

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.

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