Oak Asset Management LLC Has $35.31 Million Stake in Apple Inc. $AAPL

Key Points

• Oak Asset Management LLC trimmed its Apple stake by 1.6% to 129,876 shares, now worth $35.31 million and representing 12.0% of Oak’s portfolio as its largest position.
• Apple beat quarterly estimates, reporting $2.84 EPS (vs. $2.67 expected) and $143.76 billion in revenue (up 15.7% YoY) with a 27.04% net margin.
• Insider selling: CEO Tim Cook sold 64,949 shares (~$16.5M) and SVP Deirdre O'Brien sold 30,002 shares under pre-arranged 10b5-1 plans, while insiders own just 0.06% of the company.

Oak Asset Management LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,876 shares of the iPhone maker's stock after selling 2,102 shares during the quarter. Apple comprises 12.0% of Oak Asset Management LLC's investment portfolio, making the stock its largest position. Oak Asset Management LLC's holdings in Apple were worth $35,308,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Apple by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,415,932,804 shares of the iPhone maker's stock valued at $290,506,933,000 after acquiring an additional 15,141,995 shares during the last quarter. State Street Corp lifted its position in Apple by 0.9% in the 2nd quarter. State Street Corp now owns 601,249,995 shares of the iPhone maker's stock worth $123,358,461,000 after buying an additional 5,224,229 shares during the last quarter. Geode Capital Management LLC lifted its position in Apple by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 354,749,794 shares of the iPhone maker's stock worth $72,506,336,000 after buying an additional 4,942,638 shares during the last quarter. Norges Bank bought a new stake in Apple in the 2nd quarter worth approximately $38,942,255,000. Finally, Northern Trust Corp lifted its position in Apple by 13.3% in the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock worth $42,918,365,000 after buying an additional 20,079,472 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Apple Price Performance

Shares of Apple stock opened at $258.86 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.97 and a quick ratio of 0.94. The business's 50 day simple moving average is $260.74 and its two-hundred day simple moving average is $263.70. The stock has a market capitalization of $3.80 trillion, a P/E ratio of 32.73, a price-to-earnings-growth ratio of 2.42 and a beta of 1.11. Apple Inc. has a one year low of $169.21 and a one year high of $288.62.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.67 by $0.17. The business had revenue of $143.76 billion for the quarter, compared to analyst estimates of $138.25 billion. Apple had a net margin of 27.04% and a return on equity of 159.94%. The company's revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.40 EPS. Analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, February 9th. Apple's dividend payout ratio (DPR) is 13.15%.

Analyst Ratings Changes

A number of analysts recently weighed in on AAPL shares. DA Davidson restated a "neutral" rating and issued a $270.00 target price on shares of Apple in a research report on Friday, January 30th. Citigroup restated a "buy" rating and issued a $315.00 target price (down from $330.00) on shares of Apple in a research report on Tuesday, January 20th. Stifel Nicolaus set a $330.00 target price on Apple in a research report on Monday, March 2nd. The Goldman Sachs Group restated a "buy" rating on shares of Apple in a research report on Monday, March 2nd. Finally, Royal Bank Of Canada set a $325.00 target price on Apple in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $297.58.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Billionaire endorsement — High-profile investors (Warren Buffett and Ken Griffin) are publicly favoring Apple, which supports a quality-growth bid and can attract institutional flows. Here’s Why Warren Buffett and Ken Griffin Love Apple (AAPL)
• Positive Sentiment: Product/analyst catalyst — Bank of America reiterates a Buy and flags the new, lower‑priced MacBook Neo as a growth lever that could expand market share and improve revenue mix; BofA’s $320 target implies upside from current levels. Apple MacBook Neo could expand market reach, says Bank of America
• Positive Sentiment: ETF/market tailwind — Momentum in the Nasdaq/QQQ (where Apple is a top holding) and positive technical/earnings signals for big tech are creating broader buying support for AAPL. 5 Reasons the Invesco QQQ ETF Could Be Headed for a Triple-Digit Rally (AAPL)
• Neutral Sentiment: App-store dynamics — A new wave of App Store submissions (driven by so‑called “vibe coding”) signals developer activity and innovation, but monetization and long-term benefit to Apple’s services revenue remain uncertain. The Apple App store is seeing an unexpected phenomenon. Is vibe coding behind it?
• Negative Sentiment: Supreme Court appeal — Apple is asking the U.S. Supreme Court to review additional aspects of the Epic Games App Store case; extended litigation and potential fee restrictions remain a material legal overhang. Apple plans Supreme Court appeal in Epic Games App Store battle — again
• Negative Sentiment: China patent ruling risk — A Chinese court ruling upholding key AI patents in a dispute with Xiao‑I ratchets legal risk and uncertainty for Apple in China; this raises potential exposure and licensing/dispute costs. Xiao-I (AIXI) jumps 166.9% as investors react to China top-court ruling upholding key AI patents in Apple dispute
• Negative Sentiment: Regulatory pushback in China — Apple temporarily activated then pulled Apple Intelligence features in China; regulators are scrutinizing AI services and approvals, adding execution risk for AI rollouts in a key market. Apple China AI Setback Puts Regulatory Risk In Investor Focus
• Negative Sentiment: Insider selling — Filings show CEO Tim Cook sold company stock recently; while common for planned sales, such moves often attract short‑term attention from investors. Apple (AAPL) CEO Tim Cook Is Selling Company Stock

Insiders Place Their Bets

In other Apple 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 sale, the chief executive officer owned 3,280,418 shares of the company's stock, valued at $833,980,668.14. This trade represents a 1.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Deirdre O'brien sold 30,002 shares of the firm's stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the completion of the sale, the senior vice president directly owned 136,810 shares in the company, valued at approximately $34,934,433.50. This trade represents a 17.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.06% of the stock is owned by company insiders.

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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