Acorn Financial Advisory Services Inc. ADV Reduces Stock Holdings in Apple Inc. $AAPL

Acorn Financial Advisory Services Inc. ADV lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 9.7% during the third quarter, Holdings Channel reports. The fund owned 49,769 shares of the iPhone maker’s stock after selling 5,333 shares during the quarter. Apple makes up 1.9% of Acorn Financial Advisory Services Inc. ADV’s holdings, making the stock its 15th largest holding. Acorn Financial Advisory Services Inc. ADV’s holdings in Apple were worth $12,673,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Capstone Wealth Management LLC grew its position in shares of Apple by 0.5% during the 3rd quarter. Capstone Wealth Management LLC now owns 8,537 shares of the iPhone maker’s stock valued at $2,174,000 after acquiring an additional 42 shares during the period. Baker Boyer National Bank boosted its position in Apple by 0.3% during the second quarter. Baker Boyer National Bank now owns 18,011 shares of the iPhone maker’s stock worth $3,695,000 after purchasing an additional 47 shares in the last quarter. Beddow Capital Management Inc. grew its holdings in Apple by 1.8% in the second quarter. Beddow Capital Management Inc. now owns 2,597 shares of the iPhone maker’s stock valued at $533,000 after purchasing an additional 47 shares during the period. Uncommon Cents Investing LLC increased its position in shares of Apple by 0.4% in the third quarter. Uncommon Cents Investing LLC now owns 10,609 shares of the iPhone maker’s stock valued at $2,701,000 after buying an additional 47 shares in the last quarter. Finally, Vermillion Wealth Management Inc. raised its stake in shares of Apple by 0.5% during the 3rd quarter. Vermillion Wealth Management Inc. now owns 9,646 shares of the iPhone maker’s stock worth $2,456,000 after buying an additional 47 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Chris Kondo sold 3,752 shares of Apple stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $271.23, for a total transaction of $1,017,654.96. Following the sale, the insider owned 15,098 shares of the company’s stock, valued at approximately $4,095,030.54. The trade was a 19.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is owned by corporate insiders.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Record quarter driven by iPhone 17 and China — Apple beat revenue and EPS expectations, reported record iPhone sales and gave strong March-quarter revenue/margin guidance, supporting bullish near-term fundamentals. Apple sales, profit beat
• Positive Sentiment: Analyst upgrades/price-target increases — Several firms raised targets and reiterated buy ratings after the beat (including TD Cowen, JPMorgan, Monness Crespi & Hardt), which supports upside sentiment among institutional investors. Analyst notes
• Neutral Sentiment: AI strategy remains ambiguous — Apple announced partnerships (e.g., Google Gemini) and made AI-related M&A (Q.ai), but offered limited execution details; these moves signal intent but leave monetization and competitive positioning unclear. AI details unclear
• Neutral Sentiment: Potential supply-chain diversification — Reports that Apple is exploring U.S. foundry partners (e.g., Intel) could ease long-term sourcing risk but are early-stage and not an immediate fix for 2026 capacity issues. Intel foundry reports
• Negative Sentiment: Rising memory-chip costs and shortages — Apple warned memory prices are beginning to bite; suppliers like Samsung and SK Hynix are prioritizing AI chips, tightening supply and pressuring gross margins if costs stay elevated. Memory cost warning
• Negative Sentiment: iPhone production constraints — Multiple reports say TSMC/other chip shortages are limiting Apple’s ability to meet iPhone demand, forcing Apple to prioritize premium models and potentially capping unit growth despite strong demand. TSMC supply short
• Negative Sentiment: Talent and execution questions in AI — Reports of AI researcher departures and commentary that the Google partnership could limit Apple’s AI upside have soured investor enthusiasm for Apple’s AI prospects. AI researcher departures

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AAPL. Argus set a $325.00 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Friday, October 31st. Rosenblatt Securities upped their price target on shares of Apple from $250.00 to $267.00 and gave the stock a “neutral” rating in a research report on Friday. Wedbush reaffirmed an “outperform” rating and issued a $350.00 price target on shares of Apple in a research note on Wednesday. Evercore ISI reiterated an “outperform” rating and set a $330.00 price objective on shares of Apple in a research note on Tuesday, January 20th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Apple in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $289.23.

Apple Stock Up 0.5%

Shares of NASDAQ:AAPL opened at $259.48 on Friday. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $288.62. The stock has a market cap of $3.81 trillion, a P/E ratio of 32.80, a PEG ratio of 2.40 and a beta of 1.09. The business has a fifty day moving average of $268.38 and a two-hundred day moving average of $251.72. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 1.06.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.17. Apple had a net margin of 27.04% and a return on equity of 171.22%. The firm had revenue of $143.76 billion for the quarter, compared to analysts’ expectations of $138.25 billion. During the same quarter in the previous year, the company posted $2.40 EPS. The company’s revenue was up 15.7% compared to the same quarter last year. On average, research analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Monday, February 9th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Monday, February 9th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s dividend payout ratio is 13.92%.

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.