McIlrath & Eck LLC Sells 1,802 Shares of Apple Inc. $AAPL

Posted by Francis Steltz on Jun 3rd, 2026

McIlrath & Eck LLC cut its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 3.3% during the fourth quarter, HoldingsChannel reports. The firm owned 53,488 shares of the iPhone maker’s stock after selling 1,802 shares during the period. Apple comprises 1.4% of McIlrath & Eck LLC’s investment portfolio, making the stock its 23rd biggest position. McIlrath & Eck LLC’s holdings in Apple were worth $14,541,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Morse Asset Management Inc increased its stake in shares of Apple by 9.3% in the fourth quarter. Morse Asset Management Inc now owns 31,335 shares of the iPhone maker’s stock worth $8,519,000 after purchasing an additional 2,677 shares during the period. Christine Messmer PC bought a new position in shares of Apple in the fourth quarter worth about $7,780,000. Milestone Asset Management Group LLC increased its stake in shares of Apple by 10.1% in the fourth quarter. Milestone Asset Management Group LLC now owns 22,508 shares of the iPhone maker’s stock worth $6,119,000 after purchasing an additional 2,059 shares during the period. Alta Wealth Advisors LLC increased its stake in Apple by 4.3% during the fourth quarter. Alta Wealth Advisors LLC now owns 36,784 shares of the iPhone maker’s stock valued at $10,000,000 after acquiring an additional 1,521 shares during the period. Finally, Falcon Wealth Planning raised its holdings in Apple by 0.8% in the 4th quarter. Falcon Wealth Planning now owns 276,154 shares of the iPhone maker’s stock valued at $75,075,000 after acquiring an additional 2,225 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on AAPL. Wells Fargo & Company reiterated an “overweight” rating and issued a $310.00 price objective (up from $300.00) on shares of Apple in a research report on Friday, May 1st. The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a research report on Monday, March 2nd. Wedbush reiterated an “outperform” rating and issued a $400.00 price objective (up from $350.00) on shares of Apple in a research report on Friday, May 8th. Needham & Company LLC reiterated a “hold” rating on shares of Apple in a research report on Friday, May 1st. Finally, Moffett Nathanson raised their price objective on Apple from $241.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $310.31.

Check Out Our Latest Stock Analysis on AAPL

Insider Activity

In related news, CEO Timothy D. Cook sold 64,949 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the completion of the sale, the chief executive officer owned 3,280,418 shares in the company, valued at $833,980,668.14. This trade represents a 1.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevan Parekh sold 1,534 shares of Apple stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total transaction of $421,850.00. Following the transaction, the chief financial officer directly owned 13,366 shares of the company’s stock, valued at $3,675,650. This represents a 10.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 97,759 shares of company stock worth $24,964,305 in the last quarter. 0.06% of the stock is owned by company insiders.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

Positive Sentiment: Investor optimism is building ahead of WWDC, with Apple expected to unveil key AI features that could improve Siri and strengthen its software ecosystem. Article Title
Positive Sentiment: Apple’s MacBook Neo is reportedly gaining traction with new buyers, suggesting the company is still expanding its hardware appeal beyond its core customer base. Article Title
Positive Sentiment: Analysts have been lifting targets on AAPL ahead of WWDC, reflecting confidence that Apple’s AI strategy and software roadmap could reaccelerate growth. Article Title
Neutral Sentiment: New Apple Wallet bill-splitting and payment-request features may help deepen engagement, but the immediate stock impact is less clear because the move is incremental rather than transformative. Article Title
Neutral Sentiment: Apple is being discussed as a potentially overvalued stock after its recent rally, which could limit upside if WWDC disappoints expectations. Article Title
Negative Sentiment: Dell and Nvidia have intensified competition in PCs and laptops, pressuring Apple’s positioning in hardware categories like the MacBook Neo. Article Title

Apple Trading Up 2.9%

Shares of AAPL opened at $315.20 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The stock has a market cap of $4.63 trillion, a PE ratio of 38.11, a PEG ratio of 2.67 and a beta of 1.09. Apple Inc. has a 1 year low of $195.07 and a 1 year high of $315.45. The stock has a 50 day simple moving average of $276.58 and a 200-day simple moving average of $270.28.

Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating the consensus estimate of $1.95 by $0.06. Apple had a return on equity of 146.69% and a net margin of 27.15%.The business had revenue of $111.18 billion for the quarter, compared to analyst estimates of $109.46 billion. During the same quarter in the previous year, the firm earned $1.65 EPS. Apple’s quarterly revenue was up 16.6% on a year-over-year basis. On average, sell-side analysts predict that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, May 11th. This is a positive change from Apple’s previous quarterly dividend of $0.26. Apple’s payout ratio is currently 13.06%.

About Apple

(Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.