Apple Inc. $AAPL Stake Lowered by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue cut its Apple stake by 6.2% in Q4 to 1,843,985 shares worth $501.3 million, making Apple about 5.3% of its portfolio and its second-largest holding.
• Company insiders sold a total of 96,485 shares (~$24.6 million) over the past 90 days, including CFO Kevan Parekh (1,534 shares at $275) and CEO Tim Cook (64,949 shares at $254.23, executed under a Rule 10b5‑1 plan); insiders now hold ~0.06% of shares.
• Apple beat Q1 estimates with $2.01 EPS and $111.18 billion revenue, authorized a fresh $100 billion buyback, and raised the quarterly dividend to $0.27 (annualized $1.08, ~0.4% yield).

State of Alaska Department of Revenue cut its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,843,985 shares of the iPhone maker's stock after selling 122,330 shares during the period. Apple makes up about 5.3% of State of Alaska Department of Revenue's portfolio, making the stock its 2nd biggest holding. State of Alaska Department of Revenue's holdings in Apple were worth $501,305,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Legacy Bridge LLC raised its holdings in shares of Apple by 14.5% during the 4th quarter. Legacy Bridge LLC now owns 9,253 shares of the iPhone maker's stock worth $2,516,000 after acquiring an additional 1,171 shares in the last quarter. Fourpath Capital Management LLC boosted its position in shares of Apple by 1.2% during the 4th quarter. Fourpath Capital Management LLC now owns 54,898 shares of the iPhone maker's stock valued at $14,925,000 after acquiring an additional 627 shares during the last quarter. Watershed Private Wealth LLC grew its holdings in shares of Apple by 40.6% in the fourth quarter. Watershed Private Wealth LLC now owns 17,436 shares of the iPhone maker's stock valued at $4,740,000 after purchasing an additional 5,036 shares in the last quarter. Guyasuta Investment Advisors Inc. grew its holdings in shares of Apple by 1.0% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 91,395 shares of the iPhone maker's stock valued at $24,847,000 after purchasing an additional 929 shares in the last quarter. Finally, Valley National Advisers Inc. increased its position in Apple by 9.8% in the fourth quarter. Valley National Advisers Inc. now owns 105,530 shares of the iPhone maker's stock worth $28,688,000 after purchasing an additional 9,444 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Insiders Place Their Bets

In other news, CFO Kevan Parekh sold 1,534 shares of the company's stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total transaction of $421,850.00. Following the transaction, the chief financial officer 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Timothy D. Cook sold 64,949 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 3,280,418 shares of the company's stock, valued at $833,980,668.14. This 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. Insiders sold a total of 96,485 shares of company stock valued at $24,594,845 over the last 90 days. Insiders own 0.06% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AAPL shares. Phillip Securities raised shares of Apple from a "moderate sell" rating to a "hold" rating in a research note on Sunday, February 1st. TD Cowen restated a "buy" rating and issued a $335.00 target price (up from $325.00) on shares of Apple in a report on Friday. KeyCorp restated a "sector weight" rating on shares of Apple in a research report on Thursday, March 12th. JPMorgan Chase & Co. increased their price target on shares of Apple from $315.00 to $325.00 and gave the company an "overweight" rating in a report on Friday, January 30th. Finally, Royal Bank Of Canada set a $325.00 price target on Apple in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $304.31.

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

Apple Stock Down 1.2%

NASDAQ AAPL opened at $276.73 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. Apple Inc. has a 52 week low of $193.25 and a 52 week high of $288.62. The firm has a market capitalization of $4.06 trillion, a price-to-earnings ratio of 33.46, a PEG ratio of 2.51 and a beta of 1.06. The company has a fifty day moving average of $260.73 and a two-hundred day moving average of $265.27.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.06. The business had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The business's revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.65 earnings per share. On average, analysts predict that Apple Inc. will post 8.64 earnings per share for the current year.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Investors 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. The ex-dividend date of this dividend is Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. Apple's dividend payout ratio is currently 12.58%.

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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