TFC Financial Management Inc. Has $12.53 Million Stock Holdings in Apple Inc. $AAPL

Key Points

• TFC Financial Management Inc. trimmed its Apple stake by 10.8% to 46,077 shares valued at about $12.53 million, making Apple roughly 1.6% of the fund and its ninth-largest holding.
• CEO Tim D. Cook sold 64,949 Apple shares under a Rule 10b5‑1 plan for about $16.5 million, and insiders sold a total of 96,485 shares (~$24.6 million) over the last quarter.
• Apple reported a record March quarter with $111.18 billion in revenue and $2.01 EPS (beat), raised its quarterly dividend to $0.27 (ex‑dividend May 11), and the iPhone 17 was reported as the world’s best‑selling smartphone in Q1.

TFC Financial Management Inc. lessened its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,077 shares of the iPhone maker's stock after selling 5,606 shares during the period. Apple comprises about 1.6% of TFC Financial Management Inc.'s holdings, making the stock its 9th biggest position. TFC Financial Management Inc.'s holdings in Apple were worth $12,526,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Reyes Financial Architecture Inc. lifted its position in shares of Apple by 0.4% during the 3rd quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker's stock valued at $2,520,000 after buying an additional 37 shares during the last quarter. WESPAC Advisors LLC increased its holdings in Apple by 0.3% in the 4th quarter. WESPAC Advisors LLC now owns 12,326 shares of the iPhone maker's stock worth $3,351,000 after acquiring an additional 39 shares during the last quarter. American Alpha Advisors LLC increased its holdings in Apple by 3.7% in the 3rd quarter. American Alpha Advisors LLC now owns 1,151 shares of the iPhone maker's stock worth $293,000 after acquiring an additional 41 shares during the last quarter. Seven Springs Wealth Group LLC raised its stake in Apple by 0.3% in the 3rd quarter. Seven Springs Wealth Group LLC now owns 15,451 shares of the iPhone maker's stock valued at $3,934,000 after acquiring an additional 42 shares during the period. Finally, Avant Capital LLC raised its stake in Apple by 0.9% in the 3rd quarter. Avant Capital LLC now owns 4,814 shares of the iPhone maker's stock valued at $1,226,000 after acquiring an additional 43 shares during the period. Institutional investors own 67.73% of the company's stock.

Insider Buying and Selling

In related news, CEO Timothy D. Cook sold 64,949 shares of Apple stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the completion of the sale, the chief executive officer owned 3,280,418 shares of the company's stock, valued at approximately $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 accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevan Parekh sold 1,534 shares of the business's stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total value of $421,850.00. Following the transaction, the chief financial officer owned 13,366 shares of the company's stock, valued at approximately $3,675,650. The trade was a 10.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 96,485 shares of company stock worth $24,594,845. Corporate insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AAPL shares. Scotiabank set a $330.00 target price on shares of Apple in a research report on Monday, February 2nd. UBS Group set a $296.00 price target on shares of Apple and gave the company a "neutral" rating in a research report on Friday, May 1st. Morgan Stanley restated an "overweight" rating and set a $330.00 price target (up from $315.00) on shares of Apple in a research note on Friday, May 1st. Stifel Nicolaus set a $330.00 price objective on shares of Apple in a report on Monday, March 2nd. Finally, KeyCorp reiterated a "sector weight" rating on shares of Apple in a research note on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $304.31.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $287.52 on Thursday. The company has a 50 day moving average of $261.55 and a 200 day moving average of $265.79. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The stock has a market cap of $4.22 trillion, a P/E ratio of 34.77, a P/E/G ratio of 2.48 and a beta of 1.06. Apple Inc. has a 12 month low of $193.25 and a 12 month high of $288.62.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (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 146.69%. The business had revenue of $111.18 billion for the quarter, compared to analysts' expectations of $109.46 billion. During the same period in the prior year, the company posted $1.65 EPS. The business's revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Apple Inc. will post 8.73 EPS for the current fiscal year.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Investors of record on Monday, May 11th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from Apple's previous quarterly dividend of $0.26. The ex-dividend date is Monday, May 11th. Apple's dividend payout ratio (DPR) is 13.06%.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bloomberg/Reuters reports Apple will let users pick third‑party AI models across iOS 27 features — a move that turns iPhones into a more open AI platform, increasing services opportunities and ecosystem stickiness. Apple to let users choose rival AI models across iOS 27 features
• Positive Sentiment: Apple confirmed an increased dividend with an upcoming record/ex‑dividend timeline (shareholders of record May 11; payment mid‑May), supporting income-oriented demand. Dear Apple Stock Fans, Mark Your Calendars for May 11
• Positive Sentiment: Reports that Apple is exploring U.S. chip manufacturing partnerships with Intel and Samsung reduce single‑supplier (TSMC) risk — a structural supply‑chain play that investors see as de‑risking long‑term device production. The news also lifted chip peers, signaling investor appetite for the strategy. Apple explores using Intel, Samsung to build main device chips in the US
• Positive Sentiment: Strong product performance: iPhone 17 is reported as the world’s best‑selling smartphone in Q1 and Apple posted a record March quarter (revenue/EPS beats), reinforcing top‑line momentum. iPhone 17 Rules, Becomes World's Best‑Selling Smartphone
• Neutral Sentiment: Apple’s R&D spending has crossed 10% of sales as it accelerates AI investment — good for long‑term product leadership but raises near‑term operating leverage and investor focus on ROI. Apple crosses 10% of sales on AI R&D
• Neutral Sentiment: Product lineup changes and temporary pulled Mac Studio/Mac mini high‑memory configs point to supply bottlenecks for Macs — supports demand proof but may keep near‑term sales lumpy. Apple pulls high‑memory Mac mini/Mac Studio configs from store on supply crunch
• Negative Sentiment: Apple agreed to a $250M settlement in lawsuits over delayed/mis‑advertised Siri/AI features — the cost is manageable but highlights execution and marketing risks around AI rollouts and could create modest near‑term cash outflows and reputational headlines. Apple settles lawsuit over late Siri AI features for $250 million
• Negative Sentiment: Legal pressure persists: Apple failed to pause a contempt ruling related to the Epic Games App Store case, keeping antitrust/legal overhangs on the stock. Apple dealt blow by Supreme Court in long‑running antitrust feud

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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