Apple Inc. $AAPL Stock: Trust Co. of Oklahoma Reduces Stake

Key Points

• Trust Co. of Oklahoma cut its Apple stake by 4.1% in the third quarter, selling 2,833 shares and retaining 65,994 shares valued at approximately $21.98 million. Apple remains the firm’s second-largest holding and represents 6.4% of its portfolio.
• Apple’s stock was trading near its one-year high, with a market capitalization of $5.07 trillion and a price-to-earnings ratio of 39.81. The company recently exceeded quarterly earnings and revenue expectations, reporting 16.4% year-over-year revenue growth.
• Investor sentiment is mixed: demand for Apple’s foldable iPhone and premium iPhone models is strong, but reported hinge-related display issues, potential shipment reductions, rising memory costs and a valuation-related downgrade pose risks. Analysts maintain a consensus “Moderate Buy” rating with a $340.12 price target.

Trust Co. of Oklahoma lessened its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,994 shares of the iPhone maker's stock after selling 2,833 shares during the quarter. Apple comprises about 6.4% of Trust Co. of Oklahoma's investment portfolio, making the stock its 2nd largest position. Trust Co. of Oklahoma's holdings in Apple were worth $21,977,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Avenir Tech Ltd acquired a new position in Apple during the 2nd quarter valued at about $29,000. Longfellow Investment Management Co. LLC bought a new position in shares of Apple in the 2nd quarter valued at about $30,000. Ironwood Wealth Management Inc. bought a new position in shares of Apple in the 3rd quarter valued at about $34,000. Ascentis Wealth Management LLC grew its position in shares of Apple by 822.7% during the 2nd quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker's stock worth $85,000 after buying an additional 260,792 shares during the period. Finally, Bamco Inc. NY acquired a new stake in shares of Apple during the 2nd quarter worth approximately $118,000. 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: Demand for Apple’s first foldable iPhone Duo has substantially exceeded supply. The $1,999 device reportedly sold out within minutes, delivery estimates extend into January, and Apple is said to be seeking as much as 30% more production capacity. This supports hopes for a new high-margin growth category and a broader iPhone upgrade cycle. Apple's Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
• Positive Sentiment: Initial global sales of the iPhone 18 Pro were 3.1% above the prior-generation Pro models, including a 29% increase in China. Strong premium-phone demand could help Apple’s revenue and services ecosystem. Initial global sales of Apple iPhone 18 Pro higher than 17 series
• Positive Sentiment: Apple launched an M6-powered 24-inch iMac and 14-inch MacBook Pro, promoting faster performance and on-device AI capabilities. The refresh could lift Mac sales and support Apple’s longer-term AI hardware strategy. Apple introduces the new 14-inch MacBook Pro with M6
• Neutral Sentiment: Apple also released iOS 27.2 with expanded Siri AI language support, security improvements and new features for the iPhone Duo. These updates may strengthen the ecosystem, but their near-term financial impact is uncertain. Apple rolls out iOS 27.2 with new Siri AI languages and security fixes
• Negative Sentiment: Some iPhone Duo owners report cracks and bright lines near the hinge. Apple acknowledged the display issue and is offering replacements, while teardown reports point to a possible hinge-related design problem. Potential warranty costs and reputational damage threaten the new product’s momentum. Some iPhone Duo owners say Apple's foldable cracked within hours
• Negative Sentiment: Loop Capital downgraded Apple to Hold and cut its price target to $330, citing possible iPhone shipment reductions and rising memory costs. At nearly 40 times earnings, investors may require strong December-quarter guidance to justify the valuation. Loop Capital Lowers Apple Stock Price Target on iPhone Shipment Concerns

Apple Price Performance

Shares of AAPL stock opened at $347.10 on Wednesday. The stock has a market cap of $5.07 trillion, a PE ratio of 39.81 and a beta of 1.07. The stock has a 50-day moving average of $331.06 and a 200-day moving average of $295.09. Apple Inc. has a one year low of $243.42 and a one year high of $351.73.

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

Apple Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AAPL shares. China Renaissance downgraded shares of Apple from a "buy" rating to a "hold" rating and dropped their price target for the stock from $329.00 to $280.00 in a research note on Tuesday, August 4th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $303.00 price objective on shares of Apple in a research note on Thursday, September 10th. Morgan Stanley reaffirmed an "overweight" rating on shares of Apple in a report on Wednesday, October 21st. HSBC reiterated a "buy" rating on shares of Apple in a research report on Tuesday. Finally, Jefferies Financial Group reissued an "underperform" rating on shares of Apple in a research note on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $340.12.

Insider Buying and Selling

In related news, CFO Kevan Parekh sold 1,392 shares of the company's stock in a transaction on 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 owned 17,539 shares in the company, valued at $6,051,831.95. This represents a 7.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ben Borders sold 1,280 shares of the company's stock in a transaction on Friday, October 16th. The shares were sold at an average price of $345.40, for a total transaction of $442,112.00. Following the completion of the sale, the insider owned 38,288 shares of the company's stock, valued at approximately $13,224,675.20. This represents a 3.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 286,853 shares of company stock valued at $95,477,342. 0.06% of the stock is owned by company insiders.

Apple Company Profile

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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