Whitener Capital Management Inc. Has $27.34 Million Stock Position in Apple Inc. $AAPL

Key Points

• Whitener Capital Management trimmed its Apple stake by 2.5% to 100,553 shares, a position worth about $27.34 million that represents roughly 6.2% of its portfolio and is its second-largest holding.
• Apple beat Q2 expectations with $2.01 EPS (vs. $1.95) and $111.18B revenue (up 16.6% YoY) and raised its quarterly dividend to $0.27 (ex-dividend May 11, pay May 14).
• Key corporate catalysts include a $100B buyback, exploratory talks to move some chip production to Intel/Samsung in the U.S., and a consensus analyst view of "Moderate Buy" with a $304.31 price target.

Whitener Capital Management Inc. cut its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,553 shares of the iPhone maker's stock after selling 2,596 shares during the period. Apple comprises approximately 6.2% of Whitener Capital Management Inc.'s portfolio, making the stock its 2nd biggest holding. Whitener Capital Management Inc.'s holdings in Apple were worth $27,336,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AAPL. Isthmus Partners LLC grew its holdings in shares of Apple by 6.4% in the third quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker's stock valued at $25,000 after acquiring an additional 5,808 shares in the last quarter. Sellwood Investment Partners LLC grew its holdings in shares of 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 acquiring an additional 71 shares in the last quarter. ROSS JOHNSON & Associates LLC grew its holdings in shares of 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 acquiring an additional 180 shares in the last quarter. LSV Asset Management bought a new position in shares of Apple in the fourth quarter valued at approximately $65,000. Finally, 49 Wealth Management LLC grew its holdings in shares of Apple by 15.7% in the third 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.

Apple Trading Down 1.2%

NASDAQ:AAPL opened at $276.73 on Tuesday. The company has a market cap of $4.06 trillion, a P/E ratio of 33.46, a P/E/G ratio of 2.51 and a beta of 1.06. The stock's fifty day moving average price is $260.73 and its two-hundred day moving average price is $265.27. Apple Inc. has a 1 year low of $193.25 and a 1 year high of $288.62. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02.

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. The firm had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The business's quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.65 earnings per share. As a group, analysts expect that Apple Inc. will post 8.64 EPS for the current year.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, May 11th will be given a dividend of $0.27 per share. This is an increase from Apple's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, May 11th. Apple's dividend payout ratio (DPR) is currently 12.58%.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O'brien sold 30,002 shares of the 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 sale, the senior vice president owned 136,810 shares in the company, valued at $34,934,433.50. This represents a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevan Parekh sold 1,534 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total value of $421,850.00. Following the sale, the chief financial officer owned 13,366 shares in the company, valued at approximately $3,675,650. This represents a 10.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 96,485 shares of company stock worth $24,594,845 over the last 90 days. Corporate insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

AAPL has been the subject of several research reports. DA Davidson reissued a "neutral" rating and set a $270.00 price objective on shares of Apple in a report on Friday. Stephens set a $315.00 price objective on Apple in a report on Monday, January 26th. KeyCorp reissued a "sector weight" rating on shares of Apple in a report on Thursday, March 12th. Evercore reissued an "outperform" rating on shares of Apple in a report on Monday, March 2nd. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Apple in a report on Monday, March 2nd. One equities 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $304.31.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple set to pay its second 2026 dividend next week (ex‑dividend May 11, pay date May 14), which supports yield-seeking investors and buyback/dividend total‑return narratives. Read More.
• Positive Sentiment: Exploratory talks with Intel and Samsung to build Apple device processors in the U.S. signal active de‑risking of TSMC concentration — a structural supply‑chain positive if it scales. Read More.
• Positive Sentiment: Wall Street momentum from a stronger‑than‑expected Q2 (record revenue, $2.01 EPS) plus a $100B buyback and recent analyst price‑target upgrades underpin bullish sentiment. Read More.
• Neutral Sentiment: Apple is reportedly weighing a major AI acquisition and increasing R&D spend — a potential long‑term growth driver but with execution and cost uncertainty. Read More.
• Neutral Sentiment: Product roadmap updates (iOS 27 Wallet “Create a Pass”, more on‑device AI) support services/engagement but are incremental to near‑term revenue. Read More.
• Negative Sentiment: Ongoing chip constraints and concerns about adopting non‑TSMC process tech raise short‑term supply/timing and margin uncertainty for iPhone and Mac production. Read More.
• Negative Sentiment: CEO Tim Cook has warned about rising component/memory costs (which can compress margins), and Apple is fighting legal disputes (Epic) that can create near‑term headline risk. Read More. · Read More.

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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