Apple Inc. $AAPL Shares Sold by Patten Group Inc.

Key Points

• Patten Group Inc. trimmed its Apple stake by 2.8% in Q4, selling 1,908 shares and leaving it with 65,370 shares worth $17.77 million, which represents 3.3% of the firm's portfolio and its third-largest holding.
• Insider selling was notable: CFO Kevan Parekh sold 1,534 shares at $275 and CEO Tim Cook sold 64,949 shares at $254.23 (Cook's sale executed under a Rule 10b5‑1 plan); insiders sold 96,485 shares (~$24.6 million) over the last three months.
• Key company developments: Apple is exploring U.S. chip production with Intel and Samsung and plans to let users choose third‑party AI models in iOS 27, while managing headwinds including a $250 million shareholder settlement and a raised quarterly dividend to $0.27.

Patten Group Inc. trimmed its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,370 shares of the iPhone maker's stock after selling 1,908 shares during the period. Apple makes up 3.3% of Patten Group Inc.'s portfolio, making the stock its 3rd biggest position. Patten Group Inc.'s holdings in Apple were worth $17,771,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AAPL. Norges Bank acquired a new stake in Apple during the 2nd quarter valued at $38,942,255,000. Nuveen LLC acquired a new stake in Apple during the 1st quarter valued at $17,472,482,000. Laurel Wealth Advisors LLC grew its holdings in Apple by 20,464.8% during 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 in the last quarter. Northern Trust Corp grew its holdings in Apple by 13.3% during the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock valued at $42,918,365,000 after purchasing an additional 20,079,472 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Apple by 14.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker's stock valued at $26,220,566,000 after purchasing an additional 13,137,968 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Kevan Parekh sold 1,534 shares of Apple stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total value of $421,850.00. Following the completion of the transaction, the chief financial officer directly owned 13,366 shares of the company's stock, valued at approximately $3,675,650. The trade was a 10.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 64,949 shares of Apple stock in a transaction dated Thursday, April 2nd. The shares were 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 $833,980,668.14. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 96,485 shares of company stock valued at $24,594,845. Company insiders own 0.06% of the company's stock.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple held exploratory talks with Intel and Samsung about making its main device processors in the U.S., which reduces single-supplier (TSMC) risk and is being priced as a supply-chain hedge by investors. Apple explores using Intel, Samsung to build main device chips in the US
• Positive Sentiment: Apple plans to let users choose third‑party AI models across iOS 27 features and is positioning devices as AI platforms — a strategic move that broadens the company’s AI roadmap without having to rely solely on its in-house models. Apple to let users choose rival AI models across iOS 27 features
• Positive Sentiment: Fundamentals remain solid: strong March-quarter results, continued iPhone strength (iPhone 17 cited as top seller in Q1), services momentum, and shareholder returns (dividend and a large buyback) support the stock’s rally. iPhone 17 Rules, Becomes World's Best-Selling Smartphone
• Neutral Sentiment: Reports emphasize these chip talks are preliminary with no orders placed; switching foundries involves technology, scale and reliability tradeoffs, so any supply-chain benefit will depend on formal contracts and ramp timelines. Apple explores Intel, Samsung as U.S. chip suppliers
• Negative Sentiment: Apple agreed to a $250M settlement in a shareholder suit over delayed Siri/Apple Intelligence features — a headline risk and cash outflow that briefly pressures sentiment. Apple settles lawsuit over late Siri AI features for $250 million
• Negative Sentiment: Management has warned that rising memory (RAM) costs tied to AI needs could raise hardware prices and weigh on margins — a structural cost pressure to monitor. Apple's Tim Cook says AI-fueled 'RAMmageddon' will make your next laptop and phone a lot pricier

Apple Price Performance

Shares of AAPL stock opened at $284.18 on Wednesday. The firm has a market cap of $4.17 trillion, a P/E ratio of 34.36, a P/E/G ratio of 2.42 and a beta of 1.06. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. Apple Inc. has a 1-year low of $193.25 and a 1-year high of $288.62. The firm has a fifty day moving average of $261.12 and a two-hundred day moving average of $265.51.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.06. The company had revenue of $111.18 billion during the quarter, compared to analyst estimates of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The firm's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period last year, the business earned $1.65 EPS. As a group, research analysts anticipate that Apple Inc. will post 8.72 earnings per share for the current fiscal year.

Apple Increases Dividend

The firm 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 $0.27 dividend. This is a boost from Apple's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Monday, May 11th. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. Apple's dividend payout ratio (DPR) is presently 12.58%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Maxim Group raised shares of Apple from a "hold" rating to a "buy" rating and set a $300.00 price target for the company in a report on Friday, January 30th. Jefferies Financial Group set a $330.00 price objective on shares of Apple in a report on Wednesday, March 4th. Monness Crespi & Hardt raised their price objective on shares of Apple from $315.00 to $335.00 and gave the stock a "buy" rating in a report on Friday, May 1st. Morgan Stanley reissued an "overweight" rating and set a $330.00 price objective (up from $315.00) on shares of Apple in a report on Friday. Finally, Moffett Nathanson raised their price objective on shares of Apple from $241.00 to $270.00 and gave the stock a "neutral" rating in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Apple presently has a consensus rating of "Moderate Buy" and an average target price of $304.31.

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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