Pictet North America Advisors 13F: Adds $1.1M to AAPL Stake
Key Points
- Pictet North America Advisors grew its Apple Inc. AAPL stake by 6.7% to end with 54,485 shares valued at about $18.1 million in an October 21, 2026 filing.
- Apple Inc. closed at $343.99 on October 21, 2026, and recently traded around $344.06, with a P/E ratio of 39.4.
- Several institutional investors adjusted their positions recently, while company insiders reported share dispositions through October.
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Pictet North America Advisors increased its stake in Apple Inc. AAPL by 3,433 shares during the quarter, bringing its total holdings to 54,485 shares. The position was valued at roughly $18.1 million in a Form 13F filing disclosed on October 21, 2026. This adjustment represents a 6.7% increase from the previous quarter's total of 51,052 shares.
What Changed in Pictet North America Advisors's Apple Inc. Position
Pictet North America Advisors raised its investment in Apple Inc. AAPL by 6.7%, lifting its share count from 51,052 up to 54,485 shares. The reported value of the stake reached approximately $18.1 million based on the filing details.
Other Institutional Activity in Apple Inc.
Livforsakringsbolaget Skandia, Omsesidigt reduced its holdings by 33,220 shares, ending with 729,060 shares worth about $242.8 million. Sumitomo Mitsui DS Asset Management Company grew its holdings by 38,186 shares, ending with 2,406,363 shares worth about $801.4 million. Accurate Wealth Management grew its holdings by 13,342 shares, ending with 146,157 shares worth about $49.9 million. Berkshire Hathaway, Inc kept its position unchanged, holding 227,917,808 shares worth about $78.7 billion.
Apple Inc. Stock Up 1.7%
Apple Inc. shares closed at $343.99 on October 21, 2026, and recently traded around $344.06. The stock trades above both its 50-day moving average of $327.70 and its 200-day moving average of $293.55. The recent price sits about 1.2% below its 52-week high of $348.15 and roughly 41.3% above its 52-week low of $243.42.
Recent Earnings
Apple Inc. reported trailing-twelve-month revenue of $466.8 billion and earnings of $8.72 per share. The company posts a net margin of 27.6% alongside a return on equity of 148.8%. The next earnings release is scheduled for November 2, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
10 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 1.1%. Revenue missed estimates by 0.6%.
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Profit surprise
EBITDA beat by 2 percent. Operating income beat by 3 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
10 target raises.
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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 Inc. pays an annual dividend rate of $1.08 per share, giving the stock a dividend yield of 0.31%. The company maintains a dividend payout ratio of 12.0%.
Insider Buying and Selling at Apple Inc.
Officer and Director Timothy D Cook disposed of 191,753 shares valued at about $63.8 million on October 2, 2026. General Counsel Jennifer Newstead sold 2,399 shares at an average price of $332.01 for a total value of about $796,492 on October 6, 2026. Chief Financial Officer Kevan Parekh disposed of 1,392 shares valued at about $480,315 on October 16, 2026. Officer Ben Borders sold 1,280 shares valued at about $442,108 on October 16, 2026.
Analysts Set New Price Targets
On October 1, 2026, Morgan Stanley maintained its Overweight rating and set a $355.0 price target, down from its prior target of $360.0. On October 1, 2026, Needham reiterated its Hold rating with no price target listed. On October 12, 2026, JP Morgan maintained its Overweight rating and raised its price target to $360.0 from $340.0. On October 20, 2026, MoffettNathanson maintained its Neutral rating and lowered its price target to $283.0 from $304.0. On October 20, 2026, Loop Capital downgraded the stock to a Hold rating and lowered its price target to $330.0 from $370.0. The stock carries a consensus buy recommendation from 39 analysts with a mean price target of $328.35.
About Apple Inc.
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. Its hardware lineup includes the iPhone, Mac, and iPad alongside devices like AirPods, Apple Vision Pro, Apple TV, Apple Watch, Beats products, and HomePod. Institutional investors monitor these product lines and quarterly results closely to gauge consumer demand across global markets.
Bottom Line
Investors will look toward the upcoming earnings report on November 2, 2026, for updated figures on revenue and profit margins. Future SEC filings will show whether institutional managers continue adjusting their positions in the technology giant.
Source: Pictet North America Advisors's 13F filing on $AAPL (Oct 21, 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