Apple Inc. $AAPL Shares Sold by Summit Investment Advisory Services LLC

Summit Investment Advisory Services LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 78.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,308 shares of the iPhone maker’s stock after selling 4,726 shares during the period. Summit Investment Advisory Services LLC’s holdings in Apple were worth $333,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Apple by 1.1% in the second quarter. Vanguard Group Inc. now owns 1,415,932,804 shares of the iPhone maker’s stock valued at $290,506,933,000 after buying an additional 15,141,995 shares during the last quarter. State Street Corp increased its position in 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 acquiring an additional 5,224,229 shares during the period. Geode Capital Management LLC raised its stake in Apple by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 354,749,794 shares of the iPhone maker’s stock valued at $72,506,336,000 after acquiring an additional 4,942,638 shares during the last quarter. Norges Bank acquired a new stake in Apple during the 2nd quarter worth approximately $38,942,255,000. Finally, Northern Trust Corp grew its stake in shares of Apple by 13.3% in the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after purchasing an additional 20,079,472 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Down 0.5%

AAPL stock opened at $272.95 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.87. The company’s 50-day moving average price is $264.85 and its 200 day moving average price is $258.95. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $288.62. The company has a market cap of $4.01 trillion, a P/E ratio of 34.51, a P/E/G ratio of 2.45 and a beta of 1.09.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.17. The company had revenue of $143.76 billion during the quarter, compared to the consensus estimate of $138.25 billion. Apple had a net margin of 27.04% and a return on equity of 159.94%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period last year, the firm earned $2.40 EPS. On average, research analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, February 9th. Apple’s payout ratio is presently 13.15%.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is in talks to launch Apple Pay in India later this year — a large addressable market that could boost Services revenue and long‑term payment volume growth. Apple talks with banks to start payment service in India, Bloomberg News reports
• Positive Sentiment: Apple asked a federal judge to dismiss a proposed class-action accusing it of overstating Siri AI progress — a legal defense that, if successful, would limit potential financial and reputational fallout. Apple seeks dismissal of fraud lawsuit over Siri AI, Epic injunction
• Positive Sentiment: Netflix will stream season eight of “Drive to Survive” on Apple TV and will broadcast the Canadian F1 Grand Prix live in the U.S. — a content partnership that supports Apple TV+ engagement and Services monetization. Netflix and Apple TV join forces on F1 content
• Positive Sentiment: Tim Cook teased multiple product launches next week (new MacBooks, iPads, iPhone 17e) — potential near-term revenue catalysts and reasons for increased investor attention. Tim Cook Teases Apple Launch On Monday: Here’s What To Expect
• Neutral Sentiment: MoffettNathanson raised Apple’s price target to $270 but kept a “neutral” rating — a modest analyst repricing that signals mixed near‑term conviction despite strong fundamentals. Finviz
• Neutral Sentiment: J.P. Morgan highlights “AI companions” as a potential long-term tailwind for Apple — a bullish thematic view that supports multi‑year upside but is not an immediate earnings driver. AI Companions Could Make Apple Stock an AI Winner, Says J.P. Morgan
• Negative Sentiment: Spain’s antitrust regulator says Apple (and Amazon) were slow to comply with an order to remove anti‑competitive clauses — an active regulatory matter that could force contract or distribution changes and increase legal/compliance costs. Spain’s antitrust watchdog says Apple, Amazon took too long to refine anti-competitive contracts
• Negative Sentiment: OpenAI hired a researcher who previously led Apple’s models team — a signal that AI talent is mobile and competition for top engineers remains intense, which could slow Apple’s AI roadmap execution. OpenAI hires Meta AI researcher who previously led Apple’s models team
• Negative Sentiment: Reports that several marquee investors trimmed Apple positions (Buffett, Dalio, Griffin) add psychological selling pressure and raise questions about near‑term insider/institutional conviction. Ken Griffin, Ray Dalio, and Warren Buffett All Sold More Apple Stock. Should You?

Analyst Ratings Changes

Several research firms have recently commented on AAPL. Phillip Securities upgraded Apple from a “moderate sell” rating to a “hold” rating in a research note on Sunday, February 1st. Wedbush reissued an “outperform” rating and issued a $350.00 price objective on shares of Apple in a research note on Tuesday, February 17th. Argus set a $325.00 target price on shares of Apple and gave the stock a “buy” rating in a research note on Friday, October 31st. Citigroup reaffirmed a “buy” rating and issued a $315.00 target price (down from $330.00) on shares of Apple in a report on Tuesday, January 20th. Finally, Robert W. Baird set a $300.00 price target on shares of Apple in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-three 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $293.41.

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.