Verity & Verity 13F: Cuts Apple (AAPL) Stake by $681K
Key Points
- Verity & Verity lowered its Apple Inc. AAPL holdings by 2,045 shares to a total of 120,728 shares worth about $40.2 million.
- Apple Inc. AAPL recently traded around $347.73, sitting near its 52-week high of $348.36.
- Wall Street analysts maintain various views on Apple Inc. AAPL ahead of its next earnings release on November 2, 2026.
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Verity & Verity trimmed its holdings in Apple Inc. AAPL by 2,045 shares during the third quarter, according to a Form 13F filed with the SEC on October 23, 2026. The filing shows the firm held 120,728 shares of the consumer electronics giant at the end of the period, down from 122,773 shares previously. The reported value of the remaining stake stood at $40,204,803.
AAPL
Apple Inc.
What Changed in Verity & Verity's Apple Inc. Position
The fund reduced its position by 1.6% during the quarter. The adjustment leaves Verity & Verity with a slightly smaller footprint in the Cupertino-based tech company as markets navigate late-year swings.
Other Institutional Activity in Apple Inc.
Institutional managers made notable adjustments to their holdings during the same filing period. Midwest Trust grew its holdings by 22,262 shares, ending with 1,454,798 shares worth about $484,476,702. Perigon Wealth Management cut its position by 46,447 shares to finish with 1,090,415 shares valued at $363,129,905. RMR Wealth Builders raised its stake by 3,671 shares to hold 161,937 shares worth $53,928,411. Meanwhile, Oriental Harbor Investment Master Fund added a block of 274,351 shares valued at $91,364,370, and Sepio Capital grew its position by 13.7% with the addition of 9,226 shares, ending with 76,372 shares worth $25,433,679.
Apple Inc. Stock Up 1.1%
Apple Inc. AAPL recently traded near $347.73, sitting close to its 52-week high of $348.36 and well above its 50-day and 200-day moving averages. The stock closed at $347.73 on the day of the filing.
Recent Earnings
Apple Inc. AAPL generated trailing twelve-month revenue of $466.8 billion alongside earnings of $8.72 per share. Investors will look toward the company's upcoming earnings release on November 2, 2026, for further updates.
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% with a payout ratio of 12.0%.
Insider Buying and Selling at Apple Inc.
Company insiders completed several transactions ahead of the filing, including General Counsel Jennifer Newstead and Chief Financial Officer Kevan Parekh executing share sales.
Analysts Set New Price Targets
Wall Street firms updated their outlooks on Apple Inc. AAPL, with Morgan Stanley maintaining an overweight rating and a $355.00 price target in October.
About Apple Inc.
Apple Inc. designs, manufactures, and markets mobile communication devices, media devices, personal computers, and portable digital music players, alongside selling a variety of related software, services, accessories, and networking solutions.
Bottom Line
Verity & Verity's decision to trim its Apple stake reflects routine portfolio management by institutional investors. Observers will track upcoming earnings on November 2, 2026, for fresh signals on hardware demand and services growth.
Related Filing Alerts
Source: Verity & Verity's 13F filing on $AAPL (Oct 23, 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