Apple Inc. $AAPL Stock Sold by Chickasaw Capital Management LLC

Key Points

• Chickasaw Capital Management reduced its Apple stake by 2.7% in the third quarter, selling 3,451 shares and retaining 123,810 shares valued at approximately $41.2 million. Apple remains 1.5% of the firm’s portfolio and its 13th-largest holding.
• Apple reported quarterly EPS of $2.02, exceeding the $1.89 analyst consensus, while revenue reached $109.42 billion, up 16.4% year over year. The company also pays a quarterly dividend of $0.27, or $1.08 annualized.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $340.39, although ratings range from “Strong Buy” to “Sell.” Apple shares opened at $343.46, near their one-year high of $348.15.

Chickasaw Capital Management LLC cut its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,810 shares of the iPhone maker's stock after selling 3,451 shares during the quarter. Apple accounts for 1.5% of Chickasaw Capital Management LLC's portfolio, making the stock its 13th biggest holding. Chickasaw Capital Management LLC's holdings in Apple were worth $41,231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Avenir Tech Ltd acquired a new position in shares of Apple during the 2nd quarter worth $29,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Apple in the 2nd quarter valued at about $30,000. Lifetime Wealth Management P.C. acquired a new stake in shares of Apple in the fourth quarter valued at about $41,000. Ascentis Wealth Management LLC lifted its stake in shares of Apple by 822.7% in the second quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker's stock valued at $85,000 after purchasing an additional 260,792 shares during the period. Finally, Bamco Inc. NY acquired a new stake in shares of Apple in the second quarter valued at about $118,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Stock Up 0.4%

AAPL stock opened at $343.46 on Friday. The stock has a market capitalization of $5.01 trillion, a P/E ratio of 39.39, a PEG ratio of 2.71 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. Apple Inc. has a one year low of $243.42 and a one year high of $348.15. The company has a 50 day moving average price of $325.83 and a two-hundred day moving average price of $306.16.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%. The business's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.57 earnings per share. As a group, sell-side analysts expect that Apple Inc. will post 8.75 EPS for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's dividend payout ratio (DPR) is presently 12.39%.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of research analyst reports. Piper Sandler initiated coverage on shares of Apple in a report on Monday, August 17th. They issued an "overweight" rating for the company. Wells Fargo & Company reissued an "overweight" rating and set a $350.00 price target (up from $310.00) on shares of Apple in a research note on Friday, July 31st. KeyCorp restated an "underweight" rating on shares of Apple in a report on Thursday. Moffett Nathanson reaffirmed a "neutral" rating and issued a $304.00 price objective (up from $270.00) on shares of Apple in a research note on Tuesday, September 8th. Finally, TD Cowen reaffirmed a "buy" rating and issued a $400.00 price objective on shares of Apple in a research note on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $340.39.

Insiders Place Their Bets

In other Apple news, insider Timothy Cook sold 191,753 shares of Apple stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $332.96, for a total value of $63,846,078.88. Following the completion of the sale, the insider owned 3,264,168 shares in the company, valued at $1,086,837,377.28. The trade was a 5.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Deirdre O'brien sold 46,389 shares of Apple stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $333.42, for a total value of $15,467,020.38. Following the completion of the sale, the senior vice president owned 136,810 shares of the company's stock, valued at $45,615,190.20. This trade represents a 25.32% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 281,782 shares of company stock valued at $93,740,172 in the last quarter. Corporate insiders own 0.06% of the company's stock.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s $1,999 iPhone Duo reportedly sold out within minutes of preorders opening, with delivery estimates pushed into 2027. The response suggests strong pricing power and could establish a significant new premium product category. Apple blames extraordinary demand as foldable iPhones sell out
• Positive Sentiment: Evercore ISI said the iPhone Duo’s extended lead times support its Buy rating and $380 price target. Investors view the launch as a potential catalyst for higher average selling prices and iPhone revenue. Apple early iPhone demand supports Buy rating
• Positive Sentiment: Apple and Meta are collaborating to run Meta’s 816-billion-parameter Muse Spark Open AI model locally on high-end Macs. The partnership may strengthen Mac demand for AI workloads and improve Apple’s AI positioning without requiring a competing mega-scale model. Apple and Meta team up on AI
• Neutral Sentiment: UBS cautioned that iPhone demand could weaken, highlighting the risk that strong initial foldable-phone interest may not translate into sustained volume. Apple’s roughly $5 trillion valuation also leaves the stock dependent on continued execution.
• Negative Sentiment: UK regulators are preparing a legal fight that could require Apple to give competing payment providers access to technology behind Apple Pay’s tap-to-pay functionality. A forced opening could weaken the payments ecosystem and create compliance costs. Apple set for UK legal fight over tap-to-pay rules
• Negative Sentiment: Apple faces ongoing concerns about lagging rivals in AI infrastructure and advanced assistants. Reports that some iPhone 18 Pro component orders were reduced add to questions about future handset demand.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 shares worth approximately $828,000. The transaction is small relative to Apple’s size but represents another insider sale and may have modest signaling value.

Apple Profile

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple's services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

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