Oak Harvest Investment Services Has $33.60 Million Position in Apple Inc. $AAPL

Key Points

• Oak Harvest Investment Services reduced its Apple stake by 13.4% in the fourth quarter, selling 19,084 shares. The fund still held 123,578 shares worth about $33.6 million, making Apple its fourth-largest position.
• Apple posted strong quarterly results, reporting $2.01 EPS versus $1.95 expected and revenue of $111.18 billion, up 16.6% year over year. The company also raised its quarterly dividend to $0.27 per share from $0.26.
• Analysts remain broadly positive on Apple, with a consensus rating of “Moderate Buy” and an average price target of $305.74. Recent commentary highlights WWDC, AI-related product updates, and ecosystem improvements like encrypted RCS messaging as potential catalysts.

Oak Harvest Investment Services decreased its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 13.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,578 shares of the iPhone maker's stock after selling 19,084 shares during the quarter. Apple accounts for 1.3% of Oak Harvest Investment Services' portfolio, making the stock its 4th largest position. Oak Harvest Investment Services' holdings in Apple were worth $33,596,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Sellwood Investment Partners LLC lifted its position 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 purchasing an additional 71 shares during the last quarter. ROSS JOHNSON & Associates LLC lifted its position 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 purchasing an additional 180 shares during the last quarter. LSV Asset Management bought a new stake in Apple in the fourth quarter valued at approximately $65,000. PayPay Securities Corp lifted its position in Apple by 52.1% in the fourth quarter. PayPay Securities Corp now owns 365 shares of the iPhone maker's stock valued at $99,000 after purchasing an additional 125 shares during the last quarter. Finally, eCIO Inc. bought a new stake in Apple in the fourth quarter valued at approximately $112,000. Institutional investors own 67.73% of the company's stock.

Wall Street Analyst Weigh In

AAPL has been the subject of several recent research reports. Rosenblatt Securities boosted their price objective on Apple from $268.00 to $276.00 and gave the company a "neutral" rating in a research report on Friday, May 1st. Wedbush restated an "outperform" rating and set a $400.00 target price (up from $350.00) on shares of Apple in a report on Friday. Maxim Group upgraded Apple from a "hold" rating to a "buy" rating and set a $300.00 target price for the company in a report on Friday, January 30th. Sanford C. Bernstein restated an "outperform" rating on shares of Apple in a report on Wednesday, March 4th. Finally, Oppenheimer restated a "market perform" rating on shares of Apple in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $305.74.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s upcoming WWDC is seen as a major catalyst that could reset investor expectations around its AI roadmap and support another leg higher if management delivers a stronger vision for Siri, iOS, and future devices. The Event That Could Redefine Apple’s Summer Rally
• Positive Sentiment: Apple is also being viewed more favorably after reports highlighted strong supply-chain execution, continued AI-services potential, and a growing case for the stock as a momentum name. Apple (AAPL) Gains Wall Street Confidence on Supply Chain Strength and AI Services Potential
• Positive Sentiment: Apple and Google are rolling out end-to-end encrypted RCS messaging between iPhone and Android users, which should improve the messaging experience and support the ecosystem value proposition. Apple And Google Finally Close SMS Security Gap...
• Neutral Sentiment: Reports say Apple is planning customizable camera controls and Siri design changes in iOS 27, which could help future product appeal but are still early-stage software rumors. Apple Plans Customizable Camera for Pros, Siri Design Changes in iOS 27
• Neutral Sentiment: Apple’s director and an insider both sold shares recently, which can create some caution, but the sales appear modest relative to Apple’s overall size and recent record earnings. Apple Board Veteran Sells $71 Million in Stock After Record Earnings
• Negative Sentiment: A new federal appeals-court decision temporarily keeping Trump’s 10% global tariffs in place could preserve cost pressure on imported consumer electronics, including Apple products. Appeals Court Temporarily Reinstates Trump’s 10% Global Tariffs
• Negative Sentiment: Apple’s insider Ben Borders sold 1,274 shares, a small signal that may slightly dampen sentiment, though it is not large enough on its own to change the broader bullish narrative. SEC insider filing

Apple Price Performance

Shares of AAPL opened at $294.80 on Wednesday. The company has a market capitalization of $4.33 trillion, a P/E ratio of 35.65, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06. Apple Inc. has a twelve month low of $193.46 and a twelve month high of $295.27. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average of $263.24 and a 200 day moving average of $266.73.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating the consensus estimate of $1.95 by $0.06. Apple had a return on equity of 146.69% and a net margin of 27.15%.The company had revenue of $111.18 billion for the quarter, compared to analysts' expectations of $109.46 billion. During the same period last year, the firm posted $1.65 earnings per share. Apple's revenue was up 16.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, May 11th will be issued a $0.27 dividend. 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 0.4%. The ex-dividend date of this dividend is Monday, May 11th. Apple's dividend payout ratio is currently 13.06%.

Insider Transactions at Apple

In other news, CEO Timothy D. Cook sold 64,949 shares of the firm's stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total value 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. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ben Borders sold 1,274 shares of the firm's stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $290.00, for a total value of $369,460.00. Following the completion of the transaction, the insider directly owned 38,713 shares in the company, valued at $11,226,770. This trade represents a 3.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 97,759 shares of company stock worth $24,964,305 in the last ninety days. Insiders own 0.06% of the company's stock.

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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