SBI Securities 13F: Cuts Apple (AAPL) Stake by $1.9M
Key Points
- SBI Securities reduced its Apple Inc. AAPL holdings by 5,719 shares, leaving the firm with 464,200 shares valued at $154.5 million as of its October 22, 2026 filing.
- Apple Inc. AAPL generated $466.8 billion in trailing-twelve-month revenue with an earnings per share of $8.72 ahead of its next earnings date on November 2, 2026.
- Other institutional investors adjusted their positions, while company insiders including CEO Timothy D Cook reported stock transactions during October 2026.
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SBI Securities reduced its stake in Apple Inc. AAPL by 5,719 shares during the period, bringing its total holdings to 464,200 shares. Disclosed in a filing on October 22, 2026, the adjustment represented a 1.2% decrease from the previous quarter. The remaining shares carried a reported value of $154,587,884. Apple Inc. AAPL closed at $344.56 on the filing date.
AAPL
Apple Inc.
What Changed in SBI Securities's Apple Inc. Position
SBI Securities trimmed its investment in Apple Inc. AAPL by 5,719 shares, lowering its total from 469,219 shares down to 464,200 shares. The 1.2% reduction left the firm with a sizable position valued at over $154.5 million.
Other Institutional Activity in Apple Inc.
Other institutional managers made varying adjustments to their Apple Inc. AAPL holdings around the same time. Sumitomo Mitsui DS Asset Management Company grew its holdings by 38,186 shares, ending with 2,406,363 shares worth about $801,367,006. Accurate Wealth Management increased its stake by 13,342 shares to reach 146,157 shares valued at about $49,870,794. PensionDanmark Pensionsforsikringsaktieselskab reduced its holdings by 54,487 shares, finishing with 2,847,703 shares worth about $948,342,053. James Hambro & Partners lifted its position by 2,310 shares to hold 4,878 shares valued at about $1,624,593. Annex Advisory Services grew its stake by 91,508 shares to own 545,415 shares worth about $181,634,243.
Apple Inc. Stock Up 1.7%
Apple Inc. AAPL recently traded around $345.32, sitting just below its 52-week high of $348.15 and well above its 52-week low of $243.42. The recent price is higher than both its 50-day moving average of $327.70 and its 200-day moving average of $293.55.
Recent Earnings
Apple Inc. AAPL reported $466,822,987,776 in revenue over the trailing twelve months alongside an earnings per share of $8.72. The company posted a net profit margin of 27.6% and a return on equity of 148.8%. Revenue grew 16.4% year over year. The technology giant's next earnings report 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. AAPL pays an annual dividend rate of $1.08 per share, yielding 0.31%. The payout ratio stands at 12.0%.
Insider Buying and Selling at Apple Inc.
Several company insiders reported transactions in Apple Inc. AAPL stock during October 2026. Timothy D Cook, Officer and Director, disposed of 191,753 shares worth $63,845,841 on October 2, 2026. General Counsel Jennifer Newstead sold 2,399 shares at a price of $332.01 for a total of $796,492 on October 6, 2026. Chief Financial Officer Kevan Parekh sold 1,392 shares valued at $480,315 on October 16, 2026. Ben Borders, Officer, sold 1,280 shares valued at $442,108 on October 16, 2026.
Analysts Set New Price Targets
Wall Street firms updated their views on Apple Inc. AAPL through October 2026. On October 1, Morgan Stanley maintained its Overweight rating with a $355.0 price target, down from its prior target of $360.0. On October 1, Needham reiterated a Hold rating on the stock. On October 12, JP Morgan maintained an Overweight rating, raising its price target to $360.0 from $340.0. On October 20, MoffettNathanson maintained a Neutral rating, lowering its target to $283.0 from $304.0. On October 20, Loop Capital downgraded the stock to Hold with a $330.0 price target, down from $370.0. Overall, the company holds a consensus buy rating across 39 analyst opinions with a mean price target of $328.35.
About Apple Inc.
Apple Inc. AAPL designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. Its key product lines include the iPhone smartphone family, Mac computers, iPad tablets, and accessories such as AirPods, Apple Vision Pro, Apple TV, Apple Watch, Beats, and HomePod.
Bottom Line
SBI Securities adjusted its sizable Apple Inc. AAPL holdings slightly downward in its latest filing. Investors will look toward the company's upcoming earnings report on November 2, 2026, for further financial updates.
Related Filing Alerts
Source: SBI Securities's 13F filing on $AAPL (Oct 22, 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