Penn Davis Mcfarland 13F: Cuts Apple (AAPL) Stake by $1M

Penn Davis Mcfarland lowered its stake in Apple Inc. AAPL by 3,093 shares during the period, according to its Form 13F filing with the SEC on October 23, 2026. The fund ended the quarter with 172,408 shares valued at approximately $57.4 million.

AAPL Apple Inc.

$347.73 ▲ +28.66% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Penn Davis Mcfarland's Apple Inc. Position

Penn Davis Mcfarland cut its Apple Inc. AAPL holdings by 1.76% compared to the previous quarter. The fund previously held 175,501 shares. The resulting position stands at 172,408 shares with a reported value of $57,415,397.

Other Institutional Activity in Apple Inc.

Other large funds also adjusted their positions in the maker of iPhones and Mac computers recently. True North Advisors grew its holdings by 19,006 shares, ending with 319,401 shares worth about $106.4 million. Midwest Trust increased its stake by 22,262 shares to reach 1,454,798 shares valued at roughly $484.5 million. Perigon Wealth Management trimmed its position by 46,447 shares, leaving it with 1,090,415 shares worth about $363.1 million. BIP Wealth grew its holdings by 4,571 shares, ending with 125,602 shares worth about $41.8 million. Meanwhile, U S Global Investors sold out of its position by shedding all 2,000 of its shares.

Apple Inc. Stock Up 1.1%

Apple Inc. AAPL shares recently traded around $347.73 as of October 24, 2026, remaining near the stock's 52-week high of $348.36 and well above its 200-day moving average of $293.98.

Recent Earnings

Apple Inc. AAPL reported trailing-twelve-month revenue of $466.8 billion alongside basic earnings of $8.72 per share. The consumer technology giant is scheduled to deliver its next quarterly financial update on November 2, 2026.

Dividend

Apple Inc. AAPL pays an annual dividend rate of $1.08 per share, which corresponds to a dividend yield of 0.31% based on recent pricing.

Insider Buying and Selling at Apple Inc.

Company insiders executed several transactions prior to the filing. General Counsel Jennifer Newstead sold 2,399 shares on October 6, 2026, at $332.01 per share for a total of $796,492, and later sold another 2,399 shares on October 20, 2026, at $339.62 per share for $814,748. Chief Financial Officer Kevan Parekh disposed of 1,392 shares on October 16, 2026, valued at $480,315. Officer Ben Borders parted with 1,280 shares on October 16, 2026, totaling $442,108.

Analysts Set New Price Targets

Wall Street firms updated their stances on the stock ahead of the filing. On October 1, 2026, Morgan Stanley maintained its Overweight rating and adjusted its price target to $355.0 from $360.0. On October 1, 2026, Needham reiterated its Hold rating on the stock. On October 12, 2026, JP Morgan maintained an Overweight rating while raising its price target to $360.0 from $340.0. On October 20, 2026, MoffettNathanson maintained a Neutral rating and lowered its price target to $283.0 from $304.0. On October 20, 2026, Loop Capital downgraded the stock to Hold with a $330.0 price target, down from $370.0. Across the broader analyst community, the stock holds a consensus Buy recommendation and a mean price target of $328.35 based on 39 analyst opinions.

About Apple Inc.

Apple Inc. AAPL designs, manufactures, and markets popular consumer electronics, software, and online services. Its hardware lineup includes the iPhone, Mac personal computers, iPad tablets, and wearables such as Apple Watch and AirPods. Institutional adjustments like those from Penn Davis Mcfarland offer a window into how major professional investors manage large allocations in the technology heavyweight.

Bottom Line

Investors are keeping a close watch on Apple Inc. AAPL ahead of its upcoming earnings report on November 2, 2026. Monitoring further institutional filings and analyst revisions will help track market sentiment for the tech giant.