KG&L Capital Management LLC Trims Position in Apple Inc. $AAPL

Key Points

• KG&L Capital Management trimmed its Apple stake by 3.6% in Q4 to 56,227 shares (about $15.2M), making AAPL roughly 3.8% of the fund and its sixth-largest holding.
• Apple posted a Q2 beat (EPS $2.01 vs. $1.95; revenue $111.18B vs. $109.46B) and expanded capital returns with a $100B buyback and a raised quarterly dividend to $0.27, prompting bullish analyst moves.
• Major institutions (Vanguard, State Street, Northern Trust, and a new stake from Norges Bank) increased positions, leaving institutional ownership at about 67.73% of Apple stock.

KG&L Capital Management LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,227 shares of the iPhone maker's stock after selling 2,115 shares during the quarter. Apple accounts for approximately 3.8% of KG&L Capital Management LLC's portfolio, making the stock its 6th largest holding. KG&L Capital Management LLC's holdings in Apple were worth $15,203,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Apple by 0.4% during the first quarter. Vanguard Group Inc. now owns 1,400,790,809 shares of the iPhone maker's stock worth $311,157,662,000 after purchasing an additional 5,005,297 shares during the period. State Street Corp boosted its holdings in shares of Apple by 0.9% during the second quarter. State Street Corp now owns 601,249,995 shares of the iPhone maker's stock worth $123,358,461,000 after purchasing an additional 5,224,229 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Apple by 1.4% during the second quarter. Geode Capital Management LLC now owns 354,749,794 shares of the iPhone maker's stock worth $72,506,336,000 after purchasing an additional 4,942,638 shares during the period. Norges Bank purchased a new stake in shares of Apple during the second quarter worth about $38,942,255,000. Finally, Northern Trust Corp boosted its holdings in shares of Apple by 13.3% during the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock worth $42,918,365,000 after purchasing an additional 20,079,472 shares during the period. 67.73% of the stock is owned by institutional investors.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Q2 results beat and June-quarter guidance well above Street expectations, giving investors confidence in near-term sales momentum and margins. Apple stages sharpest rally in 9 months as execs cite iPhone, Mac demand in boosting guidance
• Positive Sentiment: Management expanded capital returns — a large share buyback ($100B) plus a dividend raise — which supports EPS and buyback-driven upside. Apple (AAPL) Stock: Q2 Earnings Beat ... and $100B Buyback
• Positive Sentiment: Stronger-than-expected demand in Greater China and for the iPhone 17 and Mac lineup (including Mac Mini demand for AI work) is driving top-line upside and a re-rating by some analysts. Apple's China sales jumped 28%: now analysts are rethinking AAPL
• Positive Sentiment: Multiple firms raised price targets and options activity surged, signaling bullish positioning and expectations for further upside. Analyst moves & options flow
• Neutral Sentiment: Apple signaled it is retiring its net-cash-neutral target — investors interpret this as freeing cash for a potential large AI acquisition, but timing and impact remain speculative. Apple just gave a subtle clue that a splashy AI acquisition may be in the cards
• Neutral Sentiment: Media/services expansion — Apple aims to grow its sports/TV footprint (Formula One content and TV deals), which supports longer-term services revenue diversification but is incremental near term. Apple's Cue expects F1 movie sequel...
• Negative Sentiment: Management warned that the global memory-chip shortage is worsening — that creates a real near-term cost/margin headwind and could force pricing or longer-term supplier commitments. Apple Warns the Memory Shortage Is Getting Worse
• Negative Sentiment: Some analysts remain cautious — Wall Street is split on whether the beat is sustainable versus one-time effects (tariff refunds, inventory/timing), leaving valuation and durability questions. Wall Street Splits on Apple After Q2 Beat

Insider Activity

In other news, CFO Kevan Parekh sold 1,534 shares of Apple stock in a transaction that occurred 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 directly owned 13,366 shares in the company, valued at approximately $3,675,650. This trade represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 64,949 shares of Apple stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the transaction, the chief executive officer owned 3,280,418 shares of the company's stock, valued at $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. Over the last ninety days, insiders sold 96,485 shares of company stock worth $24,594,845. Insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of analyst reports. Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a report on Wednesday, March 4th. The Goldman Sachs Group reiterated a "buy" rating on shares of Apple in a report on Monday, March 2nd. DA Davidson reiterated a "neutral" rating and set a $270.00 target price on shares of Apple in a report on Friday. TD Cowen reiterated a "buy" rating and set a $335.00 target price (up from $325.00) on shares of Apple in a report on Friday. Finally, KGI Securities upgraded shares of Apple to an "outperform" rating and set a $306.00 target price for the company in a report on Friday, January 30th. 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 given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $304.31.

Apple Stock Performance

Shares of AAPL opened at $280.19 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.97 and a quick ratio of 0.94. Apple Inc. has a one year low of $193.25 and a one year high of $288.62. The company has a 50-day simple moving average of $260.73 and a two-hundred day simple moving average of $265.14. The firm has a market capitalization of $4.11 trillion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping the consensus estimate of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 161.46%. The business had revenue of $111.18 billion during the quarter, compared to analyst estimates of $109.46 billion. During the same period last year, the business posted $1.65 earnings per share. Apple's quarterly revenue was up 16.6% compared to the same quarter last year. On average, analysts anticipate that Apple Inc. will post 8.64 EPS for the current fiscal year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Monday, May 11th will be issued a dividend of $0.27 per share. The ex-dividend date is Monday, May 11th. 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%. Apple's dividend payout ratio (DPR) is 13.15%.

About Apple

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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