Smith Chas P & Associates Pa Cpas 13F: Cuts AAPL Stake by $15M
Key Points
- Smith Chas P & Associates reduced its Apple Inc. position by 43,235 shares during the period, bringing its total holding to 368,273 shares valued at $126,487,160.
- Apple Inc. recently traded near $345.32, holding close to its 52-week high of $348.15 while generating trailing annual revenue of $466.8 billion.
- Several company executives, including CEO Timothy D. Cook and CFO Kevan Parekh, completed stock transactions earlier in October 2026.
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
Smith Chas P & Associates cut its position in Apple Inc. AAPL by 10.5% during the quarter, according to a Form 13F filing submitted on October 22, 2026. The firm sold 43,235 shares of the consumer electronics giant, leaving it with 368,273 shares worth about $126,487,160. Apple Inc. shares closed at $344.56 on the filing date.
AAPL
Apple Inc.
What Changed in Smith Chas P & Associates's Apple Inc. Position
The institutional investor lowered its exposure to the Cupertino-based tech company after previously holding 411,508 shares. This adjustment reflects a 10.5% reduction in total share count for the holding, which remains a multi-million-dollar investment valued at $126,487,160 based on period-end figures.
Other Institutional Activity in Apple Inc.
Other large investors adjusted their positions in the tech giant around the same time. Livforsakringsbolaget Skandia, Omsesidigt reduced its holdings by 33,220 shares, ending with 729,060 shares worth about $242,791,562. Pictet North America Advisors grew its holdings by 3,433 shares, ending with 54,485 shares worth about $18,144,595. 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 grew its holdings by 13,342 shares, ending with 146,157 shares worth about $49,870,794. PensionDanmark Pensionsforsikringsaktieselskab reduced its holdings by 54,487 shares, ending with 2,847,703 shares worth about $948,342,053.
Apple Inc. Stock Up 1.7%
Apple shares recently traded around $345.32 as of October 22, 2026, up about 0.2% from the event close. The stock trades near its 52-week high of $348.15 and sits well above its 200-day moving average of $293.55.
Recent Earnings
The company posted trailing-twelve-month revenue of $466.8 billion alongside earnings of $8.72 per share. Apple maintains a net profit margin of 27.6% and a return on equity of 148.8%. Its next quarterly 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, which translates to a dividend yield of 0.31%. The company's payout ratio stands at 12.0%.
Insider Buying and Selling at Apple Inc.
Corporate insiders completed multiple transactions earlier in October 2026. Officer and Director Timothy D. Cook disposed of 191,753 shares valued at $63,845,841 on October 2, 2026. General Counsel Jennifer Newstead sold 2,399 shares at an average price of $332.01 for a total value of $796,492 on October 6, 2026. Chief Financial Officer Kevan Parekh parted with 1,392 shares valued at $480,315 on October 16, 2026. Officer Ben Borders disposed of 1,280 shares valued at $442,108 on October 16, 2026.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing. Morgan Stanley maintained an Overweight rating with a $355.00 price target on October 1, 2026. Needham reiterated a Hold rating on October 1, 2026. JP Morgan maintained an Overweight rating, raising its price target to $360.00 on October 12, 2026. MoffettNathanson maintained a Neutral rating while lowering its target to $283.00 on October 20, 2026. Loop Capital downgraded the stock to Hold with a $330.00 price target on October 20, 2026. Consensus analyst opinion currently leans toward a Buy, with a mean price target of $328.35 across 39 analyst opinions.
About Apple Inc.
Apple designs and manufactures personal technology hardware, software, and services, including iPhones, Mac computers, iPads, and wearable devices like AirPods and Apple Watch. The firm's hardware ecosystem generates massive cash flow, making its shares a core component for many institutional portfolios.
Bottom Line
Investors will look toward the upcoming earnings release on November 2, 2026, for further insight into hardware demand and service revenue growth. Future 13F filings will show whether other institutional managers continue trimming or expanding their exposure to the tech leader.
Related Filing Alerts
Source: Smith Chas P & Associates Pa Cpas'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