Apple Inc. $AAPL Holdings Trimmed by Morton Capital Management LLC CA

Morton Capital Management LLC CA cut its holdings in Apple Inc. (NASDAQ:AAPL) by 9.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,004 shares of the iPhone maker’s stock after selling 5,793 shares during the period. Apple comprises approximately 2.3% of Morton Capital Management LLC CA’s portfolio, making the stock its 8th biggest holding. Morton Capital Management LLC CA’s holdings in Apple were worth $14,006,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AAPL. Maltin Wealth Management Inc. grew its position in shares of Apple by 81.6% during the 3rd quarter. Maltin Wealth Management Inc. now owns 11,362 shares of the iPhone maker’s stock valued at $2,893,000 after acquiring an additional 5,107 shares during the period. Mainsail Financial Group LLC boosted its holdings in shares of Apple by 4.2% in the third quarter. Mainsail Financial Group LLC now owns 6,202 shares of the iPhone maker’s stock worth $1,579,000 after acquiring an additional 250 shares during the period. Pioneer Trust Bank N A OR boosted its stake in Apple by 2.6% in the 3rd quarter. Pioneer Trust Bank N A OR now owns 122,088 shares of the iPhone maker’s stock worth $31,087,000 after purchasing an additional 3,107 shares during the period. Pasadena Private Wealth LLC boosted its position in shares of Apple by 2.7% in the third quarter. Pasadena Private Wealth LLC now owns 71,718 shares of the iPhone maker’s stock valued at $18,261,000 after acquiring an additional 1,890 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Apple by 31.4% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 1,696,315 shares of the iPhone maker’s stock valued at $431,933,000 after purchasing an additional 405,418 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

AAPL stock opened at $259.48 on Friday. The company has a market cap of $3.81 trillion, a P/E ratio of 32.80, a price-to-earnings-growth ratio of 2.40 and a beta of 1.09. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.89 and a quick ratio of 0.86. The stock’s fifty day moving average price is $268.38 and its 200-day moving average price is $251.72. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $288.62.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, January 29th. The iPhone maker reported $2.84 EPS 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 analysts’ expectations of $138.25 billion. Apple had a net margin of 27.04% and a return on equity of 171.22%. The firm’s revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.40 earnings per share. On average, equities analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Shareholders of record on Monday, February 9th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, February 9th. Apple’s dividend payout ratio (DPR) is presently 13.92%.

Analyst Upgrades and Downgrades

AAPL has been the subject of several recent analyst reports. Loop Capital reissued a “buy” rating and set a $325.00 price objective (up previously from $315.00) on shares of Apple in a report on Tuesday, December 2nd. JPMorgan Chase & Co. upped their price target on shares of Apple from $305.00 to $315.00 and gave the company an “overweight” rating in a research report on Monday, January 26th. Robert W. Baird set a $300.00 target price on shares of Apple in a report on Friday, October 31st. Morgan Stanley reissued an “overweight” rating and issued a $315.00 target price (up from $305.00) on shares of Apple in a research note on Wednesday, December 17th. Finally, Wall Street Zen downgraded shares of Apple from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. One 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $289.23.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Record quarter driven by iPhone 17 and China — Apple beat revenue and EPS expectations, reported record iPhone sales and gave strong March-quarter revenue/margin guidance, supporting bullish near-term fundamentals. Apple sales, profit beat
• Positive Sentiment: Analyst upgrades/price-target increases — Several firms raised targets and reiterated buy ratings after the beat (including TD Cowen, JPMorgan, Monness Crespi & Hardt), which supports upside sentiment among institutional investors. Analyst notes
• Neutral Sentiment: AI strategy remains ambiguous — Apple announced partnerships (e.g., Google Gemini) and made AI-related M&A (Q.ai), but offered limited execution details; these moves signal intent but leave monetization and competitive positioning unclear. AI details unclear
• Neutral Sentiment: Potential supply-chain diversification — Reports that Apple is exploring U.S. foundry partners (e.g., Intel) could ease long-term sourcing risk but are early-stage and not an immediate fix for 2026 capacity issues. Intel foundry reports
• Negative Sentiment: Rising memory-chip costs and shortages — Apple warned memory prices are beginning to bite; suppliers like Samsung and SK Hynix are prioritizing AI chips, tightening supply and pressuring gross margins if costs stay elevated. Memory cost warning
• Negative Sentiment: iPhone production constraints — Multiple reports say TSMC/other chip shortages are limiting Apple’s ability to meet iPhone demand, forcing Apple to prioritize premium models and potentially capping unit growth despite strong demand. TSMC supply short
• Negative Sentiment: Talent and execution questions in AI — Reports of AI researcher departures and commentary that the Google partnership could limit Apple’s AI upside have soured investor enthusiasm for Apple’s AI prospects. AI researcher departures

Insider Buying and Selling

In related news, insider Chris Kondo sold 3,752 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $271.23, for a total value of $1,017,654.96. Following the completion of the sale, the insider directly owned 15,098 shares in the company, valued at $4,095,030.54. This trade represents a 19.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.