PensionDanmark Pensionsforsikringsaktieselskab 13F: Cuts AAPL Stake by $18M
Key Points
- PensionDanmark lowered its Apple Inc. (AAPL) stake by 54,487 shares to finish the period with 2,847,703 shares valued at roughly $948.3 million.
- Apple Inc. shares recently traded around $342.97, resting comfortably above both their 50-day and 200-day moving averages.
- Wall Street analysts maintain a consensus Buy rating on the stock with a mean price target of $329.38 ahead of the November 2, 2026 earnings release.
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
PensionDanmark lowered its stake in Apple Inc. (AAPL) by 1.9% during the period, shedding 54,487 shares to finish with 2,847,703 shares. The position carried a reported value of $948,342,053 in a Form 13F filing disclosed on October 19, 2026.
AAPL
Apple Inc.
PensionDanmark Pensionsforsikringsaktieselskab vs. the S&P 500
Hypothetical returns from PensionDanmark Pensionsforsikringsaktieselskab's disclosed trades, not real profit or advice. How we model this.
What Changed in PensionDanmark's Apple Inc. Position
The fund held 2,902,190 shares of the consumer technology giant prior to the filing. Trimming the stake by 54,487 shares brought the total down to 2,847,703 shares. Apple Inc. shares closed at $342.94 on the October 19, 2026 filing date.
Other Institutional Activity in Apple Inc.
Other major institutional investors adjusted their own exposure to the tech bellwether during comparable reporting periods. Berkshire Hathaway, Inc kept its massive holdings steady with 227,917,808 shares worth about $78,162,133,631.
Apple Inc. Stock Down 0.1%
Apple Inc. shares recently traded around $342.97 as of October 20, 2026, roughly equal to the event-day close and up about 17.1% above its 200-day moving average of $292.82. The stock has traded between a 52-week low of $243.42 and a 52-week high of $348.15.
Recent Earnings
The Cupertino-based company generated $466,822,987,776 in revenue over the trailing twelve months alongside earnings of $8.72 per share. Apple reported a net profit margin of 27.6% and a return on equity of 148.8%. The company's 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 rate of $1.08 per share, yielding 0.31% with a payout ratio of 12.0%.
Insider Buying and Selling at Apple Inc.
Company insiders completed several share transactions in early October 2026. Officer Deirdre O'Brien sold 46,389 shares valued at $15,466,923 on October 2, 2026. Chief Executive Officer John Ternus disposed of 25,412 shares worth $8,460,740 on the same day. Officer and Director Timothy D Cook sold 191,753 shares for $63,845,841 on October 2, 2026. Later, General Counsel Jennifer Newstead sold 2,399 shares at $332.01 apiece for a total of $796,492 on October 6, 2026.
Analysts Set New Price Targets
Wall Street research firms updated their views on the stock ahead of the filing. On September 23, 2026, B of A Securities reiterated its Buy rating with a $370.00 price target. Morgan Stanley reiterated an Overweight rating and a $360.00 target on September 29, 2026, before adjusting its target to $355.00 on October 1, 2026. Needham maintained a Hold rating without a target on October 1, 2026. JP Morgan maintained an Overweight rating while lifting its target from $340.00 to $360.00 on October 12, 2026. The stock currently holds a consensus Buy recommendation and a mean price target of $329.38 across 39 analyst opinions.
About Apple Inc.
Apple Inc. designs, manufactures, and markets popular consumer electronics, software, and services worldwide. Its flagship offerings include the iPhone, Mac computers, iPad tablets, and wearables like the Apple Watch and AirPods alongside digital subscription services.
Bottom Line
Investors will look toward Apple's upcoming earnings release on November 2, 2026, for further insight into hardware demand and profit margins. Future institutional filings will show whether other large funds follow PensionDanmark's lead in trimming exposure.
Related Filing Alerts
Source: PensionDanmark Pensionsforsikringsaktieselskab's 13F filing on $AAPL (Oct 19, 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