Freestone Capital Holdings LLC Sells 7,574 Shares of Apple Inc. $AAPL

Key Points

• Record quarter and dividend increase: Apple reported a strong March quarter — $2.01 EPS vs $1.95 estimate and $111.18B revenue vs $109.46B estimate — and raised its quarterly dividend to $0.27 (record May 11, payable May 14).
• Strategic moves and legal items: Apple plans to let users pick third‑party AI models in iOS 27 and is exploring U.S. chip manufacturing partnerships with Intel and Samsung, while also agreeing to a $250M settlement over delayed Siri/AI features and facing ongoing antitrust legal risk from the Epic case.
• Insider and institutional selling: Insiders sold 96,485 shares (~$24.6M) in the last 90 days — including CEO Tim Cook selling 64,949 shares (~$16.5M) and the CFO selling 1,534 shares — and Freestone Capital trimmed its stake by 1.4%, selling 7,574 shares and now holding 517,475 shares (~$140.7M).

Freestone Capital Holdings LLC trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 517,475 shares of the iPhone maker's stock after selling 7,574 shares during the period. Apple makes up about 4.2% of Freestone Capital Holdings LLC's investment portfolio, making the stock its 5th biggest position. Freestone Capital Holdings LLC's holdings in Apple were worth $140,681,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Sellwood Investment Partners LLC lifted its holdings in Apple by 110.9% in the third quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker's stock valued at $34,000 after buying an additional 71 shares during the period. ROSS JOHNSON & Associates LLC lifted its holdings in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after buying an additional 180 shares during the period. LSV Asset Management acquired a new position in Apple in the fourth quarter valued at approximately $65,000. eCIO Inc. acquired a new position in Apple in the fourth quarter valued at approximately $112,000. Finally, HFM Investment Advisors LLC acquired a new position in Apple in the first quarter valued at approximately $99,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Kevan Parekh sold 1,534 shares of the firm's stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total transaction of $421,850.00. Following the sale, the chief financial officer directly owned 13,366 shares in the company, valued at $3,675,650. This trade represents a 10.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 64,949 shares of the firm's stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the sale, the chief executive officer owned 3,280,418 shares in the company, valued at approximately $833,980,668.14. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 96,485 shares of company stock worth $24,594,845 over the last ninety days. Company insiders own 0.06% of the company's stock.

Apple Trading Up 1.2%

AAPL opened at $287.52 on Thursday. The firm's fifty day moving average is $261.55 and its two-hundred day moving average is $265.79. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. The firm has a market cap of $4.22 trillion, a PE ratio of 34.77, a price-to-earnings-growth ratio of 2.48 and a beta of 1.06. Apple Inc. has a twelve month low of $193.25 and a twelve month high of $288.62.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.06. The company had revenue of $111.18 billion for the quarter, compared to analyst estimates of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The business's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period last year, the business posted $1.65 earnings per share. Equities research analysts anticipate that Apple Inc. will post 8.73 EPS for the current year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Monday, May 11th will be given a dividend of $0.27 per share. This is a positive change from Apple's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, May 11th. Apple's payout ratio is currently 13.06%.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bloomberg/Reuters reports Apple will let users pick third‑party AI models across iOS 27 features — a move that turns iPhones into a more open AI platform, increasing services opportunities and ecosystem stickiness. Apple to let users choose rival AI models across iOS 27 features
• Positive Sentiment: Apple confirmed an increased dividend with an upcoming record/ex‑dividend timeline (shareholders of record May 11; payment mid‑May), supporting income-oriented demand. Dear Apple Stock Fans, Mark Your Calendars for May 11
• Positive Sentiment: Reports that Apple is exploring U.S. chip manufacturing partnerships with Intel and Samsung reduce single‑supplier (TSMC) risk — a structural supply‑chain play that investors see as de‑risking long‑term device production. The news also lifted chip peers, signaling investor appetite for the strategy. Apple explores using Intel, Samsung to build main device chips in the US
• Positive Sentiment: Strong product performance: iPhone 17 is reported as the world’s best‑selling smartphone in Q1 and Apple posted a record March quarter (revenue/EPS beats), reinforcing top‑line momentum. iPhone 17 Rules, Becomes World's Best‑Selling Smartphone
• Neutral Sentiment: Apple’s R&D spending has crossed 10% of sales as it accelerates AI investment — good for long‑term product leadership but raises near‑term operating leverage and investor focus on ROI. Apple crosses 10% of sales on AI R&D
• Neutral Sentiment: Product lineup changes and temporary pulled Mac Studio/Mac mini high‑memory configs point to supply bottlenecks for Macs — supports demand proof but may keep near‑term sales lumpy. Apple pulls high‑memory Mac mini/Mac Studio configs from store on supply crunch
• Negative Sentiment: Apple agreed to a $250M settlement in lawsuits over delayed/mis‑advertised Siri/AI features — the cost is manageable but highlights execution and marketing risks around AI rollouts and could create modest near‑term cash outflows and reputational headlines. Apple settles lawsuit over late Siri AI features for $250 million
• Negative Sentiment: Legal pressure persists: Apple failed to pause a contempt ruling related to the Epic Games App Store case, keeping antitrust/legal overhangs on the stock. Apple dealt blow by Supreme Court in long‑running antitrust feud

Wall Street Analyst Weigh In

AAPL has been the topic of several analyst reports. KeyCorp restated a "sector weight" rating on shares of Apple in a report on Thursday, March 12th. Morgan Stanley restated an "overweight" rating and issued a $330.00 price objective (up from $315.00) on shares of Apple in a report on Friday, May 1st. Robert W. Baird set a $310.00 price objective on shares of Apple in a report on Friday, May 1st. BNP Paribas Exane upgraded shares of Apple from a "neutral" rating to an "outperform" rating and set a $300.00 price objective on the stock in a report on Friday, April 17th. Finally, Stephens set a $315.00 target price on shares of Apple in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $304.31.

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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