Apple Inc. $AAPL Shares Sold by Transcend Capital Advisors LLC

Key Points

• Transcend Capital Advisors trimmed its Apple stake by 4.9% in Q4, selling 21,126 shares and ending the quarter with 412,650 shares (about 8.7% of its portfolio) valued at $112.18 million.
• Major institutions added to Apple positions—Vanguard holds ~1.401 billion shares and State Street ~601.25 million, while Norges Bank initiated a roughly $38.94 billion position—leaving institutional investors with 67.73% ownership.
• Apple beat fiscal-quarter expectations with $2.01 EPS and $111.18 billion revenue (up 16.6%), announced a quarterly dividend increase to $0.27 and a fresh $100 billion buyback, and carries a consensus "Moderate Buy" price target of $304.31.

Transcend Capital Advisors LLC trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 412,650 shares of the iPhone maker's stock after selling 21,126 shares during the quarter. Apple comprises about 8.7% of Transcend Capital Advisors LLC's portfolio, making the stock its biggest holding. Transcend Capital Advisors LLC's holdings in Apple were worth $112,183,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Apple by 0.4% during the first quarter. Vanguard Group Inc. now owns 1,400,790,809 shares of the iPhone maker's stock valued at $311,157,662,000 after purchasing an additional 5,005,297 shares in the last quarter. State Street Corp boosted its holdings in shares of Apple by 0.9% in the 2nd quarter. State Street Corp now owns 601,249,995 shares of the iPhone maker's stock valued at $123,358,461,000 after purchasing an additional 5,224,229 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Apple by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 354,749,794 shares of the iPhone maker's stock valued at $72,506,336,000 after purchasing an additional 4,942,638 shares during the last quarter. Norges Bank bought a new position in Apple in the second quarter valued at about $38,942,255,000. Finally, Northern Trust Corp boosted its position in Apple by 13.3% in the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock valued at $42,918,365,000 after buying an additional 20,079,472 shares in the last quarter. Institutional investors own 67.73% of the company's stock.

Apple Price Performance

AAPL opened at $276.73 on Tuesday. 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 0.70, a current ratio of 1.07 and a quick ratio of 1.02. The company has a market capitalization of $4.06 trillion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 2.51 and a beta of 1.06. The firm's fifty day moving average price is $260.73 and its two-hundred day moving average price is $265.27.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. The business had revenue of $111.18 billion during the quarter, compared to the consensus estimate of $109.46 billion. During the same period in the prior year, the firm posted $1.65 EPS. The firm's quarterly revenue was up 16.6% compared to the same quarter last year. As a group, analysts anticipate that Apple Inc. will post 8.64 earnings per share for the current fiscal year.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, May 11th will be given a $0.27 dividend. This is an increase from Apple's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, May 11th. Apple's payout ratio is presently 12.58%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AAPL shares. BNP Paribas Exane upgraded shares of Apple from a "neutral" rating to an "outperform" rating and set a $300.00 price objective on the stock in a report on Friday, April 17th. Evercore reaffirmed an "outperform" rating on shares of Apple in a research note on Monday, March 2nd. Phillip Securities raised Apple from a "moderate sell" rating to a "hold" rating in a research note on Sunday, February 1st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Apple in a research report on Monday, March 2nd. Finally, DA Davidson reissued a "neutral" rating and issued a $270.00 price target on shares of Apple in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $304.31.

Insider Buying and Selling at Apple

In other Apple 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 sale, the chief financial officer owned 13,366 shares of the company's stock, valued at approximately $3,675,650. The trade was a 10.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Deirdre O'brien sold 30,002 shares of the firm's stock in a transaction that occurred on Thursday, April 2nd. The stock was 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 of the company's stock, valued at approximately $34,934,433.50. The trade was a 17.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 96,485 shares of company stock worth $24,594,845 in the last quarter. 0.06% of the stock is currently owned by company insiders.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Better-than-expected results and a strong near-term revenue forecast boosted investor confidence; management cited benefit from new March products. Apple Delivers Strong Forecast
• Positive Sentiment: Apple authorized a fresh $100 billion buyback and has massive free cash flow, supporting shareholder returns and reducing downside risk. Apple Just Gave Investors a $100 Billion Reason to Rethink the AI Spending Race
• Positive Sentiment: Analysts and strategists are upping targets and highlighting App Store/services growth, providing near-term bullish research momentum. Price Target Hike / App Store Growth
• Positive Sentiment: Product roadmap/AI push — iOS 27 and related AI features are being highlighted as potential catalysts for higher engagement and monetization. More AI Is Coming to iOS 27
• Positive Sentiment: New wallet/payments features (turning QR codes into Wallet passes) could broaden payment use-cases and stickiness for Apple’s ecosystem. Apple Aims to Turn Every QR Code Into a Wallet Pass
• Neutral Sentiment: Services remain a growth anchor even as App Store download dynamics shift — analysts expect steady services growth that helps the margin profile. Services Strength Offsets Slower App Downloads
• Neutral Sentiment: Brand and PR items (e.g., new Pride band) support image but have limited direct financial impact. Apple's New Rainbow Pride Band
• Negative Sentiment: Chip and memory supply issues are constraining iPhone availability, capping near-term upside and creating margin pressure as component costs rise. Apple Can't Meet Demand For iPhones Due To Chip Shortages
• Negative Sentiment: App Store policy enforcement is drawing complaints from startups — regulatory and developer friction could attract scrutiny or hurt ecosystem sentiment. Apple's Stance on Vibe Coding Apps Leaves Startups Frustrated
• Negative Sentiment: Analyst caution (Hold calls) citing rising memory costs and notable insider selling add near-term selling pressure and justify valuation skepticism. Hold Rating: Margin Risks from Rising Memory Costs

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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