Apple Inc. $AAPL Stock Sold by Sloy Dahl & Holst LLC

Key Points

• Sloy Dahl & Holst LLC cut its Apple position by 60.7% in the third quarter, selling 107,232 shares and retaining 69,445 shares valued at approximately $23.1 million. Apple remains the firm’s sixth-largest holding and represents 3.3% of its portfolio.
• Apple’s foldable iPhone Duo is generating strong demand, with limited inventory and preorders reportedly extending into 2027. The launch could support hardware, accessories and services growth, although early screen issues, the roughly $2,000 price and first-generation limitations pose execution risks.
• Valuation and upcoming earnings are key tests: Apple trades near 40 times earnings with a consensus analyst rating of “Moderate Buy” and a $340.12 price target. Investors will look for evidence in the November 2 results that Duo demand, holiday sales and margins justify the elevated valuation.

Sloy Dahl & Holst LLC lessened its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 60.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,445 shares of the iPhone maker's stock after selling 107,232 shares during the period. Apple comprises approximately 3.3% of Sloy Dahl & Holst LLC's holdings, making the stock its 6th biggest holding. Sloy Dahl & Holst LLC's holdings in Apple were worth $23,127,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. State Street Corp boosted its position in Apple by 4.7% in the second quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker's stock valued at $182,897,769,000 after buying an additional 28,321,085 shares in the last quarter. Berkshire Hathaway Inc bought a new stake in Apple during the second quarter worth about $65,950,297,000. Bank of America Corp DE bought a new stake in Apple during the second quarter worth about $36,986,090,000. Legal & General Group Plc bought a new stake in Apple during the second quarter worth about $30,443,242,000. Finally, Amundi increased its holdings in shares of Apple by 23.2% during the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after buying an additional 13,780,080 shares in the last quarter. Institutional investors own 67.73% of the company's stock.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Strong iPhone Duo demand is the primary catalyst. The foldable phone launched globally Friday amid long lines, limited store inventory and reports that preorders are backordered into 2027. Supply-chain reports indicate Apple raised its first-year shipment target by 44%, to roughly 14 million units. The premium product could expand Apple’s addressable market and support revenue growth. Apple fans react as iPhone Duo hits stores
• Positive Sentiment: The launch strengthens Apple’s broader hardware and services roadmap. Analysts are evaluating whether the Duo can drive accessory, software and services revenue, while potential touchscreen Macs, smart-home products and an Apple-Schneider Electric energy-management partnership provide additional growth opportunities. Will Apple take over the smart home
• Positive Sentiment: Apple briefly reclaimed the title of world’s most valuable public company. AAPL approached or surpassed Nvidia’s approximately $5 trillion valuation as Nvidia shares weakened during a broader AI-stock selloff. Investors are treating Apple’s substantial cash generation and lower AI infrastructure spending as a relative safe haven. Apple tops Nvidia in market value
• Neutral Sentiment: The next major test is earnings. Apple’s fiscal fourth-quarter results are expected November 2, with investors looking for evidence that iPhone Duo demand, holiday sales and margins justify a stock trading near 40 times earnings. Analysts remain broadly constructive, but the average price target is close to recent trading levels.
• Negative Sentiment: Execution and valuation risks remain significant. Some early users have reported cracked foldable screens, while reviews cite first-generation glitches, a $2,000 price and limitations involving the camera and apps. These issues could affect returns, customer satisfaction and adoption.
• Negative Sentiment: Insider selling adds a modest cautionary signal. Senior Vice President Jennifer Newstead sold approximately $815,000 of AAPL shares, following several similar sales. The transaction is small relative to Apple’s size but may reinforce concerns that the stock has become expensive.

Apple Stock Performance

AAPL stock opened at $347.73 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $351.73. The company has a market cap of $5.07 trillion, a P/E ratio of 39.88, a PEG ratio of 2.75 and a beta of 1.07. The business has a fifty day moving average of $329.75 and a 200-day moving average of $309.70.

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

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were issued a dividend of $0.27 per share. 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 payout ratio is currently 12.39%.

Analyst Ratings Changes

AAPL has been the subject of a number of research analyst reports. Yorkville Ives started coverage on shares of Apple in a research note on Tuesday, October 6th. They issued an "outperform" rating and a $400.00 target price for the company. Weiss Ratings raised Apple from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft lowered Apple from a "buy" rating to a "hold" rating in a research report on Monday, August 17th. Seaport Research Partners cut Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. Finally, Robert W. Baird lifted their price objective on Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $340.12.

Insider Activity

In other news, SVP Deirdre O'brien sold 46,389 shares of the business's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the completion of the transaction, the senior vice president directly owned 136,810 shares in the company, valued at approximately $45,615,190.20. The trade was a 25.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Kevan Parekh sold 1,392 shares of the company's stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $345.05, for a total value of $480,309.60. Following the completion of the sale, the chief financial officer directly owned 17,539 shares of the company's stock, valued at approximately $6,051,831.95. This trade represents a 7.35% decrease in their ownership of the stock. 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. In the last ninety days, insiders have sold 286,853 shares of company stock worth $95,477,342. Corporate insiders own 0.06% of the company's stock.

About Apple

Apple Inc designs, develops and sells 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 applications that support its hardware ecosystem.

Apple's services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.

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