Apple Inc. $AAPL Shares Sold by McElhenny Sheffield Capital Management LLC

Key Points

• McElhenny Sheffield cut its Apple stake by 38.4% in Q4, selling 9,652 shares and leaving the firm with 15,453 shares worth about $4.20 million (≈1.0% of the fund; its 11th-largest holding).
• Insider selling: CEO Tim Cook sold 64,949 shares at an average of $254.23 (~$16.5M) under a Rule 10b5-1 plan, and SVP Deirdre O'Brien sold 30,002 shares (~$7.66M); corporate insiders now own about 0.06% of Apple stock.
• Analyst and market backdrop: Apple has a consensus rating of "Moderate Buy" with a $303.06 price target, supported by strong product demand (M4 Mac mini sellouts) and optimism around incoming CEO John Ternus, but faces headwinds from big-holder trims (Berkshire) and regulatory/AI execution risks.

McElhenny Sheffield Capital Management LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 38.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,453 shares of the iPhone maker's stock after selling 9,652 shares during the quarter. Apple makes up approximately 1.0% of McElhenny Sheffield Capital Management LLC's holdings, making the stock its 11th largest holding. McElhenny Sheffield Capital Management LLC's holdings in Apple were worth $4,201,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sellwood Investment Partners LLC increased its position 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 worth $34,000 after purchasing an additional 71 shares during the last quarter. ROSS JOHNSON & Associates LLC lifted its position in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after purchasing an additional 180 shares during the last quarter. LSV Asset Management bought a new position in shares of Apple during the fourth quarter worth about $65,000. eCIO Inc. acquired a new position in Apple in the fourth quarter worth about $112,000. Finally, HFM Investment Advisors LLC acquired a new position in Apple in the first quarter worth about $99,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apple

In other news, CEO Timothy D. Cook sold 64,949 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total value of $16,511,984.27. Following the completion of the transaction, the chief executive officer 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Deirdre O'brien sold 30,002 shares of Apple stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the sale, the senior vice president owned 136,810 shares in the company, valued at approximately $34,934,433.50. This represents a 17.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.06% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on AAPL shares. Rosenblatt Securities reaffirmed a "neutral" rating and set a $268.00 target price on shares of Apple in a report on Tuesday, April 21st. Scotiabank set a $330.00 price target on Apple in a research report on Monday, February 2nd. KeyCorp restated a "sector weight" rating on shares of Apple in a research note on Thursday, March 12th. DA Davidson reaffirmed a "neutral" rating and issued a $270.00 price objective on shares of Apple in a report on Friday, January 30th. Finally, Evercore reiterated an "outperform" rating on shares of Apple in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $303.06.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong product demand: Apple’s $599 M4 Mac mini has sold out online amid an AI-driven upswing in mac‑mini interest, signalling healthy hardware demand ahead of upcoming results. Good luck getting a Mac Mini anytime soon
• Positive Sentiment: Investor optimism around new CEO: John Ternus was named CEO effective September 1; several pieces highlight why investors should be encouraged (hardware pedigree, potential renewed product focus). That optimism supports a constructive view on future device cycles. 2 Reasons Investors Should Be Excited for the New Apple CEO
• Positive Sentiment: Analyst and market support ahead of earnings: Firms including Wedbush and others have reiterated favorable views or buying interest into the earnings cadence and iPhone cycle, lending some near‑term support. Wedbush Reaffirms Outperform for Apple
• Neutral Sentiment: CEO succession — expectations and risks: Coverage (FT, NYT, Motley Fool) lays out the transition details and the main tasks for John Ternus; this is a material change but many view it as orderly for now. The Apple juggernaut and the AI roadblock
• Neutral Sentiment: Short‑interest data is noisy/unclear this month (reported values are effectively zero/invalid), so it provides little actionable signal today.
• Negative Sentiment: Berkshire Hathaway selling: Reports show Warren Buffett’s group cut a large portion (~75%) of its Apple stake and redeployed funds into Chubb — a headline catalyst for today’s selling and a signal that a major, long‑held holder is trimming exposure. Warren Buffett Quietly Sold 75% of His Biggest Holding
• Negative Sentiment: Regulatory/AI execution risks: India’s antitrust probe of the App Store and persistent questions about Apple’s AI/Siri progress and executive departures raise execution and legal-risk concerns that could pressure multiple quarters. Indian Antitrust Push Tests Apple App Store Model

Apple Stock Performance

Apple stock opened at $271.06 on Monday. Apple Inc. has a 52-week low of $193.25 and a 52-week high of $288.62. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $3.98 trillion, a price-to-earnings ratio of 34.27, a PEG ratio of 2.47 and a beta of 1.11. The firm has a 50-day moving average price of $260.03 and a two-hundred day moving average price of $264.67.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The iPhone maker reported $2.84 EPS for the quarter, beating the consensus estimate of $2.67 by $0.17. The company had revenue of $143.76 billion for the quarter, compared to analyst estimates of $138.25 billion. Apple had a net margin of 27.04% and a return on equity of 159.94%. Apple's revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.40 earnings per share. Sell-side analysts expect that Apple Inc. will post 8.52 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, February 9th. Apple's payout ratio is 13.15%.

Apple 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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