Dock Street Asset Management Inc. Sells 16,884 Shares of Apple Inc. $AAPL

Key Points

• Dock Street Asset Management trimmed its Apple stake by 16.7% in Q4, selling 16,884 shares and left with 84,293 shares valued at about $22.92 million, making Apple roughly 2.1% of the firm's holdings and its 18th largest position.
• Senior insiders also sold shares on April 2 under pre‑arranged Rule 10b5‑1 plans: SVP Deirdre O'Brien sold 30,002 shares (~$7.66M) and CEO Tim Cook sold 64,949 shares (~$16.51M), modestly reducing their ownership stakes.
• Operationally, Apple beat January quarter estimates (EPS $2.84 vs. $2.67; revenue $143.76B vs. $138.25B) and led global smartphone shipments in Q1 (~21% share), though analysts flag near‑term risks including store closures, potential March‑quarter softness, and product timing concerns for a foldable iPhone.

Dock Street Asset Management Inc. reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 16.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,293 shares of the iPhone maker's stock after selling 16,884 shares during the quarter. Apple makes up about 2.1% of Dock Street Asset Management Inc.'s holdings, making the stock its 18th largest position. Dock Street Asset Management Inc.'s holdings in Apple were worth $22,916,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Paller Financial Services Inc bought a new stake in Apple during the fourth quarter worth $480,000. Parkwoods Wealth Partners LLC lifted its holdings in Apple by 54.8% during the fourth quarter. Parkwoods Wealth Partners LLC now owns 4,752 shares of the iPhone maker's stock worth $1,292,000 after acquiring an additional 1,683 shares during the period. Stewardship Advisors LLC lifted its holdings in Apple by 9.2% during the fourth quarter. Stewardship Advisors LLC now owns 9,561 shares of the iPhone maker's stock worth $2,599,000 after acquiring an additional 807 shares during the period. 25 LLC raised its stake in shares of Apple by 17.0% in the fourth quarter. 25 LLC now owns 17,838 shares of the iPhone maker's stock valued at $4,849,000 after buying an additional 2,591 shares during the period. Finally, Sollinda Capital Management LLC raised its stake in shares of Apple by 1.3% in the fourth quarter. Sollinda Capital Management LLC now owns 11,024 shares of the iPhone maker's stock valued at $2,997,000 after buying an additional 140 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Apple

In other news, SVP Deirdre O'brien sold 30,002 shares of Apple stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total value of $7,661,010.70. Following the completion of the transaction, the senior vice president directly owned 136,810 shares in the company, valued at approximately $34,934,433.50. The trade was a 17.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Timothy D. Cook sold 64,949 shares of Apple stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total value of $16,511,984.27. Following the completion of the transaction, the chief executive officer owned 3,280,418 shares of the company's stock, valued at approximately $833,980,668.14. This trade represents a 1.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.06% of the stock is currently owned by insiders.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Market share gains: Counterpoint/Reuters data show Apple led global smartphone shipments in Q1 with about 21% share and 5% year‑over‑year growth — a signal of resilient iPhone demand that underpins revenue and margin outlooks. Apple leads global smartphone shipments
• Positive Sentiment: Supplier strength: TSMC reported a 35% jump in Q1 revenue on AI chip demand — good for Apple’s advanced chip supply continuity and pricing leverage for devices using leading-node silicon. TSMC revenue surges
• Positive Sentiment: Services distribution lift: Apple TV becoming available as a paid add‑on on Amazon Prime Video in the U.S. expands services reach and monetization channels for Apple’s content/subscription ecosystem. Apple TV lands on Amazon Prime Video
• Neutral Sentiment: Options activity: Reports of unusual bullish options flow suggest some investors are positioning for upside, but options can amplify short‑term moves without changing fundamentals. Unusual Activity in Apple Options Today
• Neutral Sentiment: Institutional moves: Coverage notes Israel Englander trimmed a Millennium position and other filings show insider sales — routine portfolio rebalancing that merits monitoring but not necessarily a directional signal alone. Israel Englander Trims Stake
• Negative Sentiment: Retail/ labor risk: Apple will close three U.S. mall stores in June including its first unionized location in Towson, Maryland. The move raises labor‑relations and PR concerns and highlights brick‑and‑mortar pressure — a small revenue line but reputational and employee‑relation risk. Apple to shutter its first unionized US store
• Negative Sentiment: Earnings/forecast downside: Jefferies flagged a possible slight March‑quarter miss (weaker iPhone sales, higher memory costs) and Erste lowered FY2027 EPS estimates — both could pressure near‑term sentiment ahead of formal guidance. Apple set to deliver slight earnings miss
• Negative Sentiment: Product timing concerns: Ongoing reports about foldable iPhone technical challenges and potential delays keep some investors cautious about the next major product catalyst. Foldable iPhone remains on track

Apple Price Performance

Shares of NASDAQ AAPL opened at $260.48 on Monday. The stock has a market cap of $3.82 trillion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 2.47 and a beta of 1.11. Apple Inc. has a fifty-two week low of $186.06 and a fifty-two week high of $288.62. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.94 and a current ratio of 0.97. The stock has a fifty day moving average of $260.76 and a 200-day moving average of $263.88.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.17. The company had revenue of $143.76 billion during the quarter, compared to analysts' expectations of $138.25 billion. Apple had a return on equity of 159.94% and a net margin of 27.04%.The firm's quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.40 earnings per share. Equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were given a $0.26 dividend. The ex-dividend date was Monday, February 9th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple's payout ratio is 13.15%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AAPL. Maxim Group upgraded Apple from a "hold" rating to a "buy" rating and set a $300.00 target price on the stock in a research note on Friday, January 30th. Barclays boosted their target price on Apple from $239.00 to $248.00 and gave the company an "underweight" rating in a research note on Tuesday, March 3rd. Sanford C. Bernstein restated an "outperform" rating on shares of Apple in a research note on Wednesday, March 4th. Oppenheimer restated a "market perform" rating on shares of Apple in a research note on Friday, January 30th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Apple in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $301.23.

Apple Company 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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