Tarbox Family Office Inc. Sells 3,815 Shares of Apple Inc. $AAPL

Key Points

• Tarbox Family Office trimmed its Apple stake by 11.7%, selling 3,815 shares in Q4 and now holds 28,893 shares worth $7.855 million, representing 1.3% of its portfolio and its 16th largest position.
• Leadership change: Apple named long‑time hardware chief John Ternus as CEO while Tim Cook moves to executive chairman, signaling continuity and a continued product/hardware focus.
• Insider sales: CEO Tim Cook sold 64,949 shares (~$16.5M) and SVP Deirdre O'Brien sold 30,002 shares (~$7.66M), both executed under pre‑arranged Rule 10b5‑1 trading plans.

Tarbox Family Office Inc. trimmed its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,893 shares of the iPhone maker's stock after selling 3,815 shares during the quarter. Apple accounts for 1.3% of Tarbox Family Office Inc.'s portfolio, making the stock its 16th largest position. Tarbox Family Office Inc.'s holdings in Apple were worth $7,855,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AAPL. Isthmus Partners LLC boosted its position in shares of Apple by 6.4% during the third quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker's stock worth $25,000 after purchasing an additional 5,808 shares in the last quarter. Sellwood Investment Partners LLC lifted its position in 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 acquiring an additional 71 shares in the last quarter. ROSS JOHNSON & Associates LLC lifted its position in 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 acquiring an additional 180 shares in the last quarter. LSV Asset Management bought a new stake in Apple in the 4th quarter valued at $65,000. Finally, 49 Wealth Management LLC lifted its position in Apple by 15.7% in the 3rd quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker's stock valued at $76,000 after acquiring an additional 40,543 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Broad tech appetite and upbeat corporate earnings are lifting market sentiment, helping AAPL rebound as the Nasdaq and S&P hit records. Nasdaq, S&P 500 Notch Peaks as Earnings Fuel Optimism
• Positive Sentiment: Analysts view Apple’s upcoming April 30 print as a possible “clearing event” that could reset narrative and drive the next leg higher if results and guidance beat — a reason some investors are buying into the leadership transition. Why April 30 Could Be a ‘Clearing Event’ for Apple
• Neutral Sentiment: Apple officially named long‑time hardware chief John Ternus as CEO (Tim Cook to become executive chairman). The move signals continuity and a product/hardware focus but is arguably neutral near term as investors evaluate Ternus’s ability to accelerate AI strategy. Apple Newsroom: Tim Cook to Become Executive Chairman; John Ternus to Become CEO
• Neutral Sentiment: Apple promoted Johny Srouji and consolidated hardware teams, underscoring a faster push on in‑house silicon — a structural positive for margins and product differentiation, but execution risk remains. Apple Promotes Chip Lead Srouji
• Neutral Sentiment: Apple pushed a security update fixing a message‑caching bug used by law enforcement — minor reputational/security positive but unlikely to move fundamentals. Apple fixes bug that cops used to extract deleted chat messages
• Negative Sentiment: Analysts and data (Sensor Tower) flagged slowing Services growth and potential hardware bottlenecks; UBS has reiterated a Neutral rating and a $280 target — a reminder that Apple’s growth runway depends on resolving AI/services momentum and supply constraints. Is Slowing Services Growth and Hardware Bottleneck a Problem for Apple?
• Negative Sentiment: Unusual put option activity ahead of earnings suggests some investors are hedging or positioning for downside volatility into April 30 — elevated tails around the print increase short‑term risk. Apple Has Unusual Put Options Activity
• Negative Sentiment: Some funds have trimmed Apple exposure (recent active stake reductions reported), a small signal of profit‑taking or tactical repositioning after the run‑up. Manitou Investment Management Cuts Apple Stake

Apple Trading Up 2.6%

Shares of NASDAQ:AAPL opened at $273.17 on Thursday. The company's 50-day moving average price is $259.49 and its two-hundred day moving average price is $264.40. 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 stock has a market capitalization of $4.01 trillion, a PE ratio of 34.53, a price-to-earnings-growth ratio of 2.44 and a beta of 1.11.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The iPhone maker reported $2.84 EPS for the quarter, topping the consensus estimate of $2.67 by $0.17. Apple had a net margin of 27.04% and a return on equity of 159.94%. The firm had revenue of $143.76 billion for the quarter, compared to analysts' expectations of $138.25 billion. During the same period in the previous year, the firm posted $2.40 EPS. The company's revenue for the quarter was up 15.7% on a year-over-year basis. On average, equities analysts forecast that Apple Inc. will post 8.5 EPS for the current fiscal year.

Apple Announces Dividend

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

Insider Activity

In other Apple news, CEO Timothy D. Cook sold 64,949 shares of the business's stock in a transaction dated 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 sale, the chief executive officer directly 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 position. The sale 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, SVP Deirdre O'brien sold 30,002 shares of the business's stock in a transaction dated 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 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Evercore reaffirmed an "outperform" rating on shares of Apple in a research report on Monday, March 2nd. KeyCorp reaffirmed a "sector weight" rating on shares of Apple in a research report on Thursday, March 12th. Citigroup reaffirmed a "buy" rating on shares of Apple in a research report on Tuesday. BNP Paribas Exane raised shares of Apple from a "neutral" rating to an "outperform" rating and set a $300.00 price objective on the stock in a research report on Friday, April 17th. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and issued a $268.00 price objective on shares of Apple in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $303.06.

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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