TCM Advisors LLC Lowers Stake in Apple Inc. $AAPL

Key Points

• TCM Advisors LLC cut its Apple stake by 78.6% in Q3, selling 5,694 shares and leaving its holding at 1,551 shares worth about $395,000.
• Major institutions — including Vanguard, State Street, Geode and new investor Norges Bank — increased or established large positions, and roughly 67.73% of Apple is owned by hedge funds and other institutional investors.
• Apple recently beat quarterly estimates (EPS $2.84 vs. $2.67) with revenue of $143.76B (+15.7% YoY), has a market cap near $3.66T, pays a $0.26 quarterly dividend (0.4% yield), and holds a consensus analyst rating of “Moderate Buy” with an average target around $297.58.

TCM Advisors LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 78.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,551 shares of the iPhone maker's stock after selling 5,694 shares during the quarter. TCM Advisors LLC's holdings in Apple were worth $395,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AAPL. Vanguard Group Inc. raised its holdings in Apple by 1.1% in the second quarter. Vanguard Group Inc. now owns 1,415,932,804 shares of the iPhone maker's stock worth $290,506,933,000 after purchasing an additional 15,141,995 shares in the last quarter. State Street Corp boosted its holdings in shares of Apple by 0.9% in the 2nd quarter. State Street Corp now owns 601,249,995 shares of the iPhone maker's stock valued at $123,358,461,000 after buying an additional 5,224,229 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Apple by 1.4% during 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 acquiring an additional 4,942,638 shares in the last quarter. Norges Bank purchased a new stake in Apple during the second quarter valued at approximately $38,942,255,000. Finally, Northern Trust Corp boosted its stake in 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 acquiring an additional 20,079,472 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Trading Down 0.4%

NASDAQ AAPL opened at $248.96 on Friday. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $288.62. 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 company has a market capitalization of $3.66 trillion, a PE ratio of 31.47, a P/E/G ratio of 2.23 and a beta of 1.10. The company has a fifty day moving average of $261.22 and a 200 day moving average of $261.86.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share for the quarter, beating analysts' consensus estimates of $2.67 by $0.17. The business had revenue of $143.76 billion during the quarter, compared to analyst estimates of $138.25 billion. Apple had a return on equity of 159.94% and a net margin of 27.04%.The company's revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the business posted $2.40 EPS. Research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

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

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: China demand surprise — Counterpoint/Reuters data show iPhone shipments in China surged ~23% in the first nine weeks of 2026, outpacing a weak broader market and supporting near‑term revenue growth and regional resilience. Apple's China smartphone sales jump 23%
• Positive Sentiment: Legal win on Apple Watch — A preliminary U.S. trade‑tribunal ruling found redesigned Apple Watches do not infringe Masimo patents, avoiding a renewed import ban and protecting watch shipments and revenue. Apple fends off bid for new Apple Watch import ban
• Positive Sentiment: AI/App Store monetization — Multiple outlets report Apple earned roughly $900M from AI-related activity last year and App Store developer fees are delivering growing, predictable revenue (projected to top $1B). That recurring, high‑margin stream helps justify premium valuation. Apple Made $900M From AI Last Year
• Neutral Sentiment: Tim Cook's China visit and App Store talks — Cook’s trip and related regulatory engagement help shore up relationships in China, but the broader impact on margins will depend on negotiated App Store terms and enforcement. Apple CEO Visits China amid Clampdown on App Store Charges
• Neutral Sentiment: Product and security notes — New AirPods Max refresh and continued iOS security alerts (users urged to update) are operational items investors monitor for product cycle and brand risk, but they are not game‑changers on their own. Apple Expands Wearables Portfolio With New AirPods Max
• Negative Sentiment: Valuation and insider selling — Commentary warns Apple’s multiple is not cheap and several high‑profile insider sales have been disclosed, which can weigh on near‑term sentiment despite strong fundamentals. Is Apple Stock Your Ticket to Becoming a Millionaire?
• Negative Sentiment: App Store fee reduction to 25% (regulatory outcome) — reports of a fee reduction could trim gross margins from services if sustained broadly; investors will watch how Apple offsets this via volume, pricing or new services. Apple stock rises as Tim Cook tours China amid App Store fee reduction

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Monness Crespi & Hardt upped their price target on Apple from $300.00 to $315.00 and gave the stock a "buy" rating in a research report on Friday, January 30th. TD Cowen reissued a "buy" rating and issued a $325.00 price objective on shares of Apple in a research report on Friday, January 30th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Apple in a research report on Wednesday, March 4th. Moffett Nathanson increased their price target on Apple from $241.00 to $270.00 and gave the company a "neutral" rating in a research note on Wednesday, February 25th. Finally, Stephens set a $315.00 price target on Apple in a report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $297.58.

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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