Index Fund Advisors Inc. Has $5.93 Million Stock Position in Apple Inc. $AAPL

Key Points

• Index Fund Advisors Inc. cut its Apple stake by 8.6% in the fourth quarter, leaving it with 21,828 shares valued at about $5.93 million. Apple remains a relatively small part of the firm’s portfolio at roughly 0.3%.
• Apple reported strong quarterly results, with EPS of $2.01 beating estimates and revenue of $111.18 billion topping forecasts. The company also raised its quarterly dividend to $0.27 per share from $0.26.
• Sentiment around Apple remains broadly positive: multiple analysts have raised targets or reiterated bullish views, and recent news highlights optimism that AI features and a stronger product cycle could support future growth even as iPhone momentum faces some scrutiny.

Index Fund Advisors Inc. lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,828 shares of the iPhone maker's stock after selling 2,042 shares during the quarter. Apple makes up approximately 0.3% of Index Fund Advisors Inc.'s investment portfolio, making the stock its 26th largest position. Index Fund Advisors Inc.'s holdings in Apple were worth $5,934,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AAPL. Norges Bank acquired a new position in Apple during the second quarter worth approximately $38,942,255,000. Nuveen LLC bought a new stake in shares of Apple during the first quarter worth approximately $17,472,482,000. Laurel Wealth Advisors LLC boosted its stake in shares of Apple by 20,464.8% in the second quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker's stock valued at $5,553,753,000 after buying an additional 26,937,401 shares during the period. Vanguard Group Inc. boosted its stake in shares of Apple by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock valued at $387,749,545,000 after buying an additional 26,856,752 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Apple by 13.3% in the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock valued at $42,918,365,000 after buying an additional 20,079,472 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Stock Up 0.8%

Shares of NASDAQ:AAPL opened at $310.85 on Thursday. The company has a fifty day moving average of $273.03 and a 200-day moving average of $269.45. The company has a market capitalization of $4.57 trillion, a PE ratio of 37.59, a price-to-earnings-growth ratio of 2.68 and a beta of 1.06. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a 52-week low of $195.07 and a 52-week high of $313.26.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.06. The company had revenue of $111.18 billion during the quarter, compared to the consensus estimate of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The company's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.65 earnings per share. On average, equities analysts predict that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were issued a $0.27 dividend. The ex-dividend date was Monday, May 11th. This is a positive change from Apple's previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. Apple's dividend payout ratio (DPR) is currently 13.06%.

Analyst Ratings Changes

Several brokerages recently issued reports on AAPL. Phillip Securities upgraded Apple from a "moderate sell" rating to a "hold" rating in a research note on Sunday, February 1st. Maxim Group upgraded Apple from a "hold" rating to a "buy" rating and set a $300.00 price target for the company in a research note on Friday, January 30th. Rosenblatt Securities boosted their price target on Apple from $268.00 to $276.00 and gave the company a "neutral" rating in a research note on Friday, May 1st. Wedbush reiterated an "outperform" rating and issued a $400.00 price target (up from $350.00) on shares of Apple in a research note on Friday, May 8th. Finally, KeyCorp restated a "sector weight" rating on shares of Apple in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $310.31.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America raised its price target on Apple to $380, saying AI features and a redesigned Siri could drive substantial incremental revenue over the next few years. Article Title
• Positive Sentiment: Melius Research also boosted its outlook ahead of WWDC 2026, saying Apple could finally show “real AI sizzle,” which has helped fuel expectations for a stronger product cycle. Article Title
• Positive Sentiment: Multiple pieces highlight Apple’s recent stock strength, including new record highs and growing optimism that the company’s Services business and ecosystem remain resilient even as iPhone growth slows. Article Title
• Neutral Sentiment: News that Android smartphone makers may be hit harder than Apple by AI memory shortages could be relatively supportive for AAPL by comparison, but it is more of an industry backdrop than a direct catalyst. Article Title
• Neutral Sentiment: Several articles point to Apple trading near all-time highs and approaching a $5 trillion valuation, reinforcing bullish momentum, though these are mostly commentary rather than fresh company-specific developments. Article Title
• Negative Sentiment: Some investors remain cautious because iPhone shipment momentum is softening and Apple’s next major growth driver still needs to be proven at WWDC, which leaves room for disappointment if AI announcements underwhelm. Article Title
• Negative Sentiment: One Reuters item notes Apple and Google are pushing back against Canada’s online safety bill over encryption concerns, a regulatory issue that could create future headline risk. Article Title

Insider Buying and Selling

In other Apple news, insider Ben Borders sold 1,274 shares of the company's stock in a transaction on Friday, May 8th. The shares were sold at an average price of $290.00, for a total transaction of $369,460.00. Following the sale, the insider owned 38,713 shares of the company's stock, valued at approximately $11,226,770. This represents a 3.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Deirdre O'brien sold 30,002 shares of the company's stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the sale, the senior vice president directly owned 136,810 shares in the company, valued at $34,934,433.50. This trade represents a 17.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 97,759 shares of company stock valued at $24,964,305. Company insiders own 0.06% of the company's stock.

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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