Apple Inc. $AAPL Shares Sold by Patten Group Inc.

Patten Group Inc. cut its holdings in Apple Inc. (NASDAQ:AAPL) by 2.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 65,370 shares of the iPhone maker’s stock after selling 1,908 shares during the period. Apple comprises approximately 3.3% of Patten Group Inc.’s holdings, making the stock its 3rd biggest position. Patten Group Inc.’s holdings in Apple were worth $17,771,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. JM2 Capital Inc. bought a new stake in Apple in the 4th quarter valued at about $8,633,000. Webster Bank N. A. lifted its position in Apple by 2.8% in the 4th quarter. Webster Bank N. A. now owns 208,433 shares of the iPhone maker’s stock valued at $56,665,000 after purchasing an additional 5,605 shares during the last quarter. Calder Financial LLC bought a new stake in Apple in the 4th quarter valued at about $627,000. Third View Private Wealth LLC bought a new stake in Apple in the 4th quarter valued at about $19,089,000. Finally, Financial Futures Ltd Liability Co. lifted its position in Apple by 1.5% in the 4th quarter. Financial Futures Ltd Liability Co. now owns 3,612 shares of the iPhone maker’s stock valued at $982,000 after purchasing an additional 52 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple held exploratory talks with Intel and Samsung about making its main device processors in the U.S., which reduces single-supplier (TSMC) risk and is being priced as a supply-chain hedge by investors. Apple explores using Intel, Samsung to build main device chips in the US
• Positive Sentiment: Apple plans to let users choose third?party AI models across iOS 27 features and is positioning devices as AI platforms — a strategic move that broadens the company’s AI roadmap without having to rely solely on its in-house models. Apple to let users choose rival AI models across iOS 27 features
• Positive Sentiment: Fundamentals remain solid: strong March-quarter results, continued iPhone strength (iPhone 17 cited as top seller in Q1), services momentum, and shareholder returns (dividend and a large buyback) support the stock’s rally. iPhone 17 Rules, Becomes World’s Best-Selling Smartphone
• Neutral Sentiment: Reports emphasize these chip talks are preliminary with no orders placed; switching foundries involves technology, scale and reliability tradeoffs, so any supply-chain benefit will depend on formal contracts and ramp timelines. Apple explores Intel, Samsung as U.S. chip suppliers
• Negative Sentiment: Apple agreed to a $250M settlement in a shareholder suit over delayed Siri/Apple Intelligence features — a headline risk and cash outflow that briefly pressures sentiment. Apple settles lawsuit over late Siri AI features for $250 million
• Negative Sentiment: Management has warned that rising memory (RAM) costs tied to AI needs could raise hardware prices and weigh on margins — a structural cost pressure to monitor. Apple’s Tim Cook says AI-fueled ‘RAMmageddon’ will make your next laptop and phone a lot pricier

Analyst Ratings Changes

Several analysts recently weighed in on the stock. TD Cowen reiterated a “buy” rating and issued a $335.00 price objective (up from $325.00) on shares of Apple in a research report on Friday. Phillip Securities upgraded shares of Apple from a “moderate sell” rating to a “hold” rating in a research report on Sunday, February 1st. DA Davidson reiterated a “neutral” rating and issued a $270.00 price objective on shares of Apple in a research report on Friday, May 1st. Royal Bank Of Canada set a $325.00 price objective on shares of Apple in a research report on Monday, February 2nd. Finally, Jefferies Financial Group set a $330.00 price objective on shares of Apple in a research report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average price target of $304.31.

Apple Stock Up 2.7%

AAPL stock opened at $284.18 on Wednesday. Apple Inc. has a 52 week low of $193.25 and a 52 week high of $288.62. The company has a market capitalization of $4.17 trillion, a price-to-earnings ratio of 34.36, a price-to-earnings-growth ratio of 2.42 and a beta of 1.06. The firm’s 50-day moving average is $261.12 and its two-hundred day moving average is $265.51. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. The company had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. During the same period in the previous year, the firm earned $1.65 EPS. Apple’s revenue was up 16.6% on a year-over-year basis. On average, analysts forecast that Apple Inc. will post 8.72 earnings per share for the current fiscal year.

Apple Increases Dividend

The business also recently declared 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 a positive change from Apple’s previous quarterly dividend of $0.26. The ex-dividend date is Monday, May 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s payout ratio is presently 12.58%.

Insiders Place Their Bets

In other Apple news, CFO Kevan Parekh sold 1,534 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total transaction of $421,850.00. Following the sale, the chief financial officer directly owned 13,366 shares in the company, valued at approximately $3,675,650. The trade was a 10.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Deirdre O’brien sold 30,002 shares of the business’s stock in a transaction dated 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 trade represents a 17.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 96,485 shares of company stock worth $24,594,845. 0.06% of the stock is owned by corporate insiders.

Apple Company 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.