Apple Inc. $AAPL Stock Holdings Cut by Wallace Advisory Group LLC

Key Points

• Wallace Advisory Group LLC trimmed its Apple stake by 19.0% in the fourth quarter, selling 1,921 shares and leaving 8,185 shares worth about $2.225 million (Apple is ~2.3% of the firm's portfolio and its 8th largest holding).
• Apple beat Q2 expectations with $2.01 EPS and $111.18 billion in revenue, raised guidance, and expanded capital returns including a $100 billion buyback and a dividend increase.
• Notable insider selling occurred recently—SVP Deirdre O'Brien sold 30,002 shares and CFO Kevan Parekh sold 1,534 shares—with insiders selling 96,485 shares totaling roughly $24.6 million over the past three months.

Wallace Advisory Group LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 19.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,185 shares of the iPhone maker's stock after selling 1,921 shares during the quarter. Apple accounts for approximately 2.3% of Wallace Advisory Group LLC's portfolio, making the stock its 8th largest holding. Wallace Advisory Group LLC's holdings in Apple were worth $2,225,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Isthmus Partners LLC boosted its holdings in shares of Apple by 6.4% in the 3rd quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker's stock worth $25,000 after buying an additional 5,808 shares during the last quarter. Sellwood Investment Partners LLC boosted its holdings 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 buying an additional 71 shares during the last quarter. ROSS JOHNSON & Associates LLC boosted its holdings in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after buying an additional 180 shares during the last quarter. LSV Asset Management purchased a new position in shares of Apple in the 4th quarter worth about $65,000. Finally, 49 Wealth Management LLC boosted its holdings in shares of Apple by 15.7% in the 3rd quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker's stock worth $76,000 after buying an additional 40,543 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Q2 results beat and June-quarter guidance well above Street expectations, giving investors confidence in near-term sales momentum and margins. Apple stages sharpest rally in 9 months as execs cite iPhone, Mac demand in boosting guidance
• Positive Sentiment: Management expanded capital returns — a large share buyback ($100B) plus a dividend raise — which supports EPS and buyback-driven upside. Apple (AAPL) Stock: Q2 Earnings Beat ... and $100B Buyback
• Positive Sentiment: Stronger-than-expected demand in Greater China and for the iPhone 17 and Mac lineup (including Mac Mini demand for AI work) is driving top-line upside and a re-rating by some analysts. Apple's China sales jumped 28%: now analysts are rethinking AAPL
• Positive Sentiment: Multiple firms raised price targets and options activity surged, signaling bullish positioning and expectations for further upside. Analyst moves & options flow
• Neutral Sentiment: Apple signaled it is retiring its net-cash-neutral target — investors interpret this as freeing cash for a potential large AI acquisition, but timing and impact remain speculative. Apple just gave a subtle clue that a splashy AI acquisition may be in the cards
• Neutral Sentiment: Media/services expansion — Apple aims to grow its sports/TV footprint (Formula One content and TV deals), which supports longer-term services revenue diversification but is incremental near term. Apple's Cue expects F1 movie sequel...
• Negative Sentiment: Management warned that the global memory-chip shortage is worsening — that creates a real near-term cost/margin headwind and could force pricing or longer-term supplier commitments. Apple Warns the Memory Shortage Is Getting Worse
• Negative Sentiment: Some analysts remain cautious — Wall Street is split on whether the beat is sustainable versus one-time effects (tariff refunds, inventory/timing), leaving valuation and durability questions. Wall Street Splits on Apple After Q2 Beat

Insider Activity at Apple

In other news, SVP Deirdre O'brien sold 30,002 shares of the company's stock in a transaction dated 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 directly owned 136,810 shares in the company, valued at $34,934,433.50. This represents a 17.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevan Parekh sold 1,534 shares of the company's 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 in the company, valued at approximately $3,675,650. This represents a 10.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 96,485 shares of company stock worth $24,594,845. Company insiders own 0.06% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on AAPL shares. Wells Fargo & Company reissued an "overweight" rating and issued a $310.00 price target (up from $300.00) on shares of Apple in a report on Friday. TD Cowen reissued a "buy" rating and issued a $335.00 price target (up from $325.00) on shares of Apple in a report on Friday. Rosenblatt Securities boosted their price target on shares of Apple from $268.00 to $276.00 and gave the stock a "neutral" rating in a report on Friday. Stephens set a $315.00 price target on shares of Apple in a report on Monday, January 26th. Finally, JPMorgan Chase & Co. boosted their price objective on Apple from $315.00 to $325.00 and gave the company an "overweight" rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $304.31.

Apple Trading Up 3.3%

Shares of Apple stock opened at $280.19 on Friday. Apple Inc. has a 52-week low of $193.25 and a 52-week high of $288.62. The stock's 50-day simple moving average is $260.73 and its 200 day simple moving average is $265.02. The stock has a market capitalization of $4.11 trillion, a P/E ratio of 35.42, a P/E/G ratio of 2.47 and a beta of 1.06. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.94 and a current ratio of 0.97.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.06. Apple had a return on equity of 161.46% and a net margin of 27.15%.The business had revenue of $111.18 billion for the quarter, compared to analysts' expectations of $109.46 billion. During the same period in the previous year, the business posted $1.65 EPS. The firm's quarterly revenue was up 16.6% compared to the same quarter last year. As a group, research analysts anticipate that Apple Inc. will post 8.52 EPS 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 paid a $0.27 dividend. The ex-dividend date is Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. This is an increase from Apple's previous quarterly dividend of $0.26. Apple's dividend payout ratio (DPR) is presently 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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