Apple Inc. $AAPL Stock Sold by Trust Co. of Oklahoma

Trust Co. of Oklahoma reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 65,994 shares of the iPhone maker’s stock after selling 2,833 shares during the period. Apple makes up approximately 6.4% of Trust Co. of Oklahoma’s holdings, making the stock its 2nd biggest holding. Trust Co. of Oklahoma’s holdings in Apple were worth $21,977,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. State Street Corp raised its holdings in shares of Apple by 4.7% during the second quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker’s stock worth $182,897,769,000 after acquiring an additional 28,321,085 shares during the period. Berkshire Hathaway Inc acquired a new position in Apple in the 2nd quarter worth $65,950,297,000. Bank of America Corp DE acquired a new position in Apple in the 2nd quarter worth $36,986,090,000. Legal & General Group Plc bought a new position in Apple during the 2nd quarter worth about $30,443,242,000. Finally, Amundi increased its holdings in Apple by 23.2% during the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker’s stock worth $18,547,637,000 after purchasing an additional 13,780,080 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on AAPL shares. Piper Sandler initiated coverage on Apple in a research note on Monday, August 17th. They issued an “overweight” rating on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Apple in a research report on Wednesday, October 21st. Rosenblatt Securities reiterated a “neutral” rating and set a $303.00 price objective on shares of Apple in a report on Thursday, September 10th. Maxim Group lifted their target price on Apple from $350.00 to $380.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Daiwa Securities Group lifted their price objective on shares of Apple from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. 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 given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $340.12.

Insider Buying and Selling

In other news, CEO John Ternus sold 25,412 shares of Apple stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the completion of the transaction, the chief executive officer directly owned 59,567 shares in the company, valued at approximately $19,832,236.98. The trade was a 29.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 on Tuesday, October 20th. The stock was sold at an average price of $339.62, for a total transaction of $814,748.38. Following the transaction, the senior vice president directly owned 34,795 shares of the company’s stock, valued at approximately $11,817,077.90. This trade represents a 6.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 286,853 shares of company stock valued at $95,477,342. Insiders own 0.06% of the company’s stock.

Apple Stock Performance

NASDAQ:AAPL opened at $347.10 on Wednesday. Apple Inc. has a 52-week low of $243.42 and a 52-week high of $351.73. The company has a market cap of $5.07 trillion, a P/E ratio of 39.81 and a beta of 1.07. The stock’s 50-day simple moving average is $331.06 and its 200 day simple moving average is $295.09.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.57 earnings per share. As a group, equities analysts predict that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

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.