First Horizon 13F: Cuts Apple (AAPL) Stake by $1.2M
Key Points
- First Horizon reduced its Apple holdings to 254,270 shares, a decrease of 3,600 shares or about a 1.4% drop from its previous position.
- As of the filing date, the total value of First Horizon's stake in Apple was approximately $84.7 million, making up 8.56% of its total reported portfolio.
- Apple's recent share price was around $343.98, which is about equal to its closing price of $343.91 on the filing date.
Get Apple text alerts
We text you when insiders, Congress, analysts or big funds move on $AAPL.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Apple Inc. alert may contain errors. Disclosures
On October 26, 2026, First Horizon trimmed its position in Apple Inc. (AAPL) by 3,600 shares, bringing its total to 254,270 shares valued at approximately $84.7 million. This information comes from the fund's latest Form 13F filing with the SEC.
First Horizon's reduction in shares represents about a 1.4% decrease from its previous holding of 257,870 shares. The value change for this adjustment is approximately $1,198,872. This position ranks first among the 1,514 total positions in First Horizon's portfolio, accounting for 8.56% of its total reported value of $988.7 million.
AAPL
Apple Inc.
Where Apple Fits in First Horizon's Portfolio
First Horizon's stake in Apple is significant, ranking as its largest position. The reduction of 3,600 shares may reflect a strategic adjustment, but it still indicates a strong commitment to the tech giant.
Apple Inc. Stock Down 1.1%
As of October 26, 2026, Apple shares closed at $343.91. The stock is trading above its 50-day moving average by about 4.4% and well above its 200-day moving average by around 16.8%. However, it is currently below its 52-week high of $351.73 by about 2.2%.
Recent Earnings
Apple reported trailing twelve-month revenue of approximately $466.8 billion, with a net margin of 27.6% and a return on equity of 148.8%. The next earnings report is scheduled for November 2, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
10 analysts raised price targets.
-
EPS & revenue
EPS beat estimates by 1.1%. Revenue missed estimates by 0.6%.
-
Profit surprise
EBITDA beat by 2 percent. Operating income beat by 3 percent.
-
Pre-earnings setup
Expectations were about average.
-
Analyst signal
10 target raises.
-
Earnings quality
Gross margin up 2.2 points. Operating margin up 1.2 points. Positive free cash flow.
Earnings Call Summary
Apple delivered its best-ever quarter with 143.8 billion dollars in revenue, up 16 percent. iPhone surged 23 percent to 85.3 billion dollars driven by strong customer demand for the iPhone 17 lineup and record upgraders in China and India. Services hit an all-time record of 30 billion dollars, up 14 percent, while the installed base reached 2.5 billion active devices. Management highlighted Apple Intelligence features resonating with users and expanded retail presence in India as growth drivers.
Guidance Apple expects March quarter revenue to grow 13 percent to 16 percent year over year, with services growing at a similar rate to December. Gross margin should land between 48 percent to 49 percent. The company faces iPhone supply constraints from advanced chip demand but remains confident in the business outlook.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
Apple pays an annual dividend of $1.08 per share, which translates to a yield of 0.31%. The payout ratio stands at 12.0%, indicating a balanced approach to returning value to shareholders.
Insider Buying and Selling at Apple Inc.
Several insiders at Apple have sold shares recently. Jennifer Newstead, General Counsel, sold 2,399 shares on October 6, 2026, for $796,492 at an average price of $332.01. On October 16, 2026, Chief Financial Officer Kevan Parekh sold 1,392 shares valued at about $480,315. Another officer, Ben Borders, sold 1,280 shares on the same day, totaling $442,108. Newstead sold another 2,399 shares on October 20, 2026, for about $814,748 at an average price of $339.62.
Analysts Set New Price Targets
On October 1, 2026, Morgan Stanley maintained an Overweight rating on Apple with a price target of $355. JP Morgan also maintained its Overweight rating with a target of $360 on October 12, 2026. Loop Capital downgraded its rating to Hold with a target of $330 on October 20, 2026. The consensus among analysts is a Buy, with a mean price target of about $328.35.
About Apple Inc.
Apple Inc. designs, manufactures, and markets a range of electronics and software, including smartphones, personal computers, and wearables. The company is a major player in the technology sector, continually innovating and expanding its product offerings.
Bottom Line
Investors should keep an eye on Apple’s upcoming earnings report on November 2, 2026, for insights into its financial health. First Horizon's adjustments to its position in Apple reflect a strategic approach within its broader investment portfolio.
Related Filing Alerts
Source: First Horizon's 13F filing on $AAPL (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts