Apple Inc. $AAPL is Independent Advisor Alliance’s 2nd Largest Position

Independent Advisor Alliance reduced its position in Apple Inc. (NASDAQ:AAPL) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 919,771 shares of the iPhone maker’s stock after selling 23,359 shares during the period. Apple comprises approximately 6.1% of Independent Advisor Alliance’s holdings, making the stock its 2nd largest position. Independent Advisor Alliance’s holdings in Apple were worth $234,201,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in 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 acquiring an additional 15,141,995 shares during the period. State Street Corp increased its position in shares of Apple by 0.9% during 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 purchasing an additional 5,224,229 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Apple by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 354,749,794 shares of the iPhone maker’s stock worth $72,506,336,000 after purchasing an additional 4,942,638 shares during the period. Norges Bank purchased a new position in shares of Apple in the second quarter worth approximately $38,942,255,000. Finally, Northern Trust Corp grew its position in Apple by 13.3% during the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after buying an additional 20,079,472 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: New midrange iPhone 17e targets price‑sensitive buyers at a $599 entry price and starts with 256GB base storage — a move that could boost unit volumes and defend share vs. Android competitors. Apple launches iPhone 17e with prices starting $599
• Positive Sentiment: Apple also unveiled an M4‑powered iPad Air and highlighted upgrades (A19 chip, faster C1X modem, 48MP camera) that reinforce its hardware roadmap and recurring services ecosystem. Apple Unveils iPhone 17e and M4-Powered iPad Air
• Neutral Sentiment: Broad tech strength helped lift the sector today, providing tailwinds for big-cap names including Apple, but this is a market‑wide lift rather than company‑specific news. Sector Update: Tech Stocks Rise Monday Afternoon
• Neutral Sentiment: Several outlets noted Apple stock was only modestly moved by the announcements — suggesting investors had largely priced in product cadence or are waiting for sales/guidance details. Apple Introduces Low-Cost iPhone 17e, Upgraded iPad Air
• Negative Sentiment: Reports that Apple may rely more on Google’s cloud for Siri raise service‑dependency concerns that could affect long‑term margins or competitive leverage in AI/voice services. Apple Stock (AAPL) Struggles as Report Flags Greater Dependence on Google for Siri
• Negative Sentiment: Coverage also flagged rising memory‑chip costs and suggestions Apple may absorb component price pressure to hit entry pricing — a potential near‑term margin headwind. Apple makes big bet with launch of $599 iPhone 17e, upgraded iPad Air

Analyst Ratings Changes

Several research firms have weighed in on AAPL. Phillip Securities upgraded shares of Apple from a “moderate sell” rating to a “hold” rating in a research report on Sunday, February 1st. Royal Bank Of Canada set a $325.00 price objective on Apple in a research note on Monday, February 2nd. Raymond James Financial reiterated a “market perform” rating on shares of Apple in a research report on Friday, January 2nd. Needham & Company LLC restated a “hold” rating on shares of Apple in a research report on Friday, January 30th. Finally, Rosenblatt Securities raised their price objective on Apple from $250.00 to $267.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $294.43.

Apple Price Performance

Shares of Apple stock opened at $264.72 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.87. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $288.62. The stock’s 50-day simple moving average is $264.54 and its 200-day simple moving average is $259.82. The company has a market capitalization of $3.89 trillion, a price-to-earnings ratio of 33.47, a PEG ratio of 2.36 and a beta of 1.10.

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

Apple Dividend Announcement

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

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.