Galvin Gaustad & Stein LLC Has $24.55 Million Stock Holdings in Apple Inc. $AAPL

Key Points

• Galvin Gaustad & Stein LLC reduced its stake in Apple by 9.9% in Q4 to 90,284 shares worth $24.545 million, representing about 1.9% of the firm's holdings and its 12th largest position.
• CEO Timothy D. Cook sold 64,949 shares for roughly $16.5 million under a Rule 10b5‑1 plan, and insiders have sold 96,485 shares (~$24.6 million) in the past three months, leaving insiders with about 0.06% ownership.
• Apple is exploring U.S. chipmaking with Intel and Samsung to reduce TSMC concentration and plans to let users choose third‑party AI models in iOS 27, while recent results beat estimates and the company raised its quarterly dividend to $0.27.

Galvin Gaustad & Stein LLC lessened its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 90,284 shares of the iPhone maker's stock after selling 9,955 shares during the quarter. Apple accounts for about 1.9% of Galvin Gaustad & Stein LLC's holdings, making the stock its 12th biggest position. Galvin Gaustad & Stein LLC's holdings in Apple were worth $24,545,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in AAPL. Isthmus Partners LLC increased its stake in Apple by 6.4% in the 3rd quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker's stock valued at $25,000 after buying an additional 5,808 shares during the period. Sellwood Investment Partners LLC grew its stake in shares of Apple by 110.9% in the 3rd 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 in the last quarter. ROSS JOHNSON & Associates LLC grew its stake in shares of Apple by 1,800.0% in the 1st 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 in the last quarter. LSV Asset Management acquired a new position in Apple in the fourth quarter worth approximately $65,000. Finally, 49 Wealth Management LLC increased its holdings in Apple by 15.7% in the third quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker's stock worth $76,000 after buying an additional 40,543 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Activity at Apple

In related news, CEO Timothy D. Cook sold 64,949 shares of the firm's 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 transaction, the chief executive officer directly owned 3,280,418 shares in the company, valued at approximately $833,980,668.14. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 completion of the transaction, the chief financial officer owned 13,366 shares in the company, valued at $3,675,650. The trade was a 10.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 96,485 shares of company stock worth $24,594,845. 0.06% of the stock is owned by insiders.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple held exploratory talks with Intel and Samsung about making its main device processors in the U.S., which reduces single-supplier (TSMC) risk and is being priced as a supply-chain hedge by investors. Apple explores using Intel, Samsung to build main device chips in the US
• Positive Sentiment: Apple plans to let users choose third‑party AI models across iOS 27 features and is positioning devices as AI platforms — a strategic move that broadens the company’s AI roadmap without having to rely solely on its in-house models. Apple to let users choose rival AI models across iOS 27 features
• Positive Sentiment: Fundamentals remain solid: strong March-quarter results, continued iPhone strength (iPhone 17 cited as top seller in Q1), services momentum, and shareholder returns (dividend and a large buyback) support the stock’s rally. iPhone 17 Rules, Becomes World's Best-Selling Smartphone
• Neutral Sentiment: Reports emphasize these chip talks are preliminary with no orders placed; switching foundries involves technology, scale and reliability tradeoffs, so any supply-chain benefit will depend on formal contracts and ramp timelines. Apple explores Intel, Samsung as U.S. chip suppliers
• Negative Sentiment: Apple agreed to a $250M settlement in a shareholder suit over delayed Siri/Apple Intelligence features — a headline risk and cash outflow that briefly pressures sentiment. Apple settles lawsuit over late Siri AI features for $250 million
• Negative Sentiment: Management has warned that rising memory (RAM) costs tied to AI needs could raise hardware prices and weigh on margins — a structural cost pressure to monitor. Apple's Tim Cook says AI-fueled 'RAMmageddon' will make your next laptop and phone a lot pricier

Apple Stock Performance

Shares of AAPL opened at $284.18 on Wednesday. The company's fifty day moving average is $261.12 and its 200-day moving average is $265.51. Apple Inc. has a 12 month low of $193.25 and a 12 month high of $288.62. The firm has a market cap of $4.17 trillion, a price-to-earnings ratio of 34.36, a price-to-earnings-growth ratio of 2.42 and a beta of 1.06. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. The business had revenue of $111.18 billion for the quarter, compared to analyst estimates of $109.46 billion. During the same period last year, the business posted $1.65 EPS. Apple's revenue was up 16.6% compared to the same quarter last year. Equities analysts expect that Apple Inc. will post 8.72 EPS for the current fiscal year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Monday, May 11th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, May 11th. This is a boost from Apple's previous quarterly dividend of $0.26. Apple's dividend payout ratio (DPR) is 12.58%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wedbush reiterated an "outperform" rating and issued a $350.00 target price on shares of Apple in a research note on Friday, May 1st. Robert W. Baird set a $310.00 price target on shares of Apple in a research note on Friday. Stifel Nicolaus set a $330.00 price target on shares of Apple in a research note on Monday, March 2nd. KeyCorp restated a "sector weight" rating on shares of Apple in a research note on Thursday, March 12th. Finally, Oppenheimer restated a "market perform" rating on shares of Apple in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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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