Apple Inc. $AAPL Stake Lessened by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% in the third quarter, Holdings Channel reports. The firm owned 1,775,344 shares of the iPhone maker’s stock after selling 20,341 shares during the period. Apple makes up about 5.5% of State of Alaska Department of Revenue’s investment portfolio, making the stock its 2nd biggest position. State of Alaska Department of Revenue’s holdings in Apple were worth $589,318,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Berkshire Hathaway Inc purchased a new stake in Apple during the second quarter worth approximately $65,950,297,000. Bank of America Corp DE purchased a new stake in Apple during the 2nd quarter worth $36,986,090,000. Legal & General Group Plc purchased a new stake in Apple during the 2nd quarter worth $30,443,242,000. Deutsche Bank AG acquired a new stake in Apple in the 2nd quarter valued at $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Apple in the 2nd quarter valued at $10,588,946,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insiders Place Their Bets

In other Apple news, insider Timothy D. Cook sold 191,753 shares of Apple stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $332.96, for a total transaction of $63,846,078.88. Following the sale, the insider directly owned 3,264,168 shares in the company, valued at $1,086,837,377.28. The trade was a 5.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of Apple stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total value of $806,495.82. Following the sale, the senior vice president owned 41,992 shares in the company, valued at $14,116,870.56. This represents a 5.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 286,853 shares of company stock worth $95,477,342. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of AAPL stock opened at $347.10 on Wednesday. The company’s fifty day moving average price is $331.06 and its two-hundred day moving average price is $295.09. The firm has a market capitalization of $5.07 trillion, a P/E ratio of 39.81 and a beta of 1.07. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $351.73.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. The firm’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.57 earnings per share. On average, sell-side analysts anticipate that Apple Inc. will post 8.75 EPS for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid a $0.27 dividend. The ex-dividend date was Monday, August 10th. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. Apple’s payout ratio is 12.39%.

Analyst Upgrades and Downgrades

Several research firms have commented on AAPL. BTIG Research started coverage on Apple in a research report on Monday, August 17th. They issued a “neutral” rating on the stock. TD Cowen reaffirmed a “buy” rating and issued a $400.00 target price on shares of Apple in a research report on Thursday, September 10th. UBS Group reaffirmed a “neutral” rating on shares of Apple in a research report on Tuesday, October 6th. Citigroup reiterated a “buy” rating on shares of Apple in a research note on Thursday, September 10th. Finally, CICC Research raised their target price on Apple from $310.00 to $340.00 and gave the company an “outperform” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $340.12.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Demand for Apple’s first foldable iPhone Duo has substantially exceeded supply. The $1,999 device reportedly sold out within minutes, delivery estimates extend into January, and Apple is said to be seeking as much as 30% more production capacity. This supports hopes for a new high-margin growth category and a broader iPhone upgrade cycle. Apple’s Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
• Positive Sentiment: Initial global sales of the iPhone 18 Pro were 3.1% above the prior-generation Pro models, including a 29% increase in China. Strong premium-phone demand could help Apple’s revenue and services ecosystem. Initial global sales of Apple iPhone 18 Pro higher than 17 series
• Positive Sentiment: Apple launched an M6-powered 24-inch iMac and 14-inch MacBook Pro, promoting faster performance and on-device AI capabilities. The refresh could lift Mac sales and support Apple’s longer-term AI hardware strategy. Apple introduces the new 14-inch MacBook Pro with M6
• Neutral Sentiment: Apple also released iOS 27.2 with expanded Siri AI language support, security improvements and new features for the iPhone Duo. These updates may strengthen the ecosystem, but their near-term financial impact is uncertain. Apple rolls out iOS 27.2 with new Siri AI languages and security fixes
• Negative Sentiment: Some iPhone Duo owners report cracks and bright lines near the hinge. Apple acknowledged the display issue and is offering replacements, while teardown reports point to a possible hinge-related design problem. Potential warranty costs and reputational damage threaten the new product’s momentum. Some iPhone Duo owners say Apple’s foldable cracked within hours
• Negative Sentiment: Loop Capital downgraded Apple to Hold and cut its price target to $330, citing possible iPhone shipment reductions and rising memory costs. At nearly 40 times earnings, investors may require strong December-quarter guidance to justify the valuation. Loop Capital Lowers Apple Stock Price Target on iPhone Shipment Concerns

Apple Profile

Apple Inc designs, develops and sells consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware ecosystem.

Apple’s services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.