In its latest 13F filing, AMI Asset Management Corp trimmed its Apple position by 1.9% in Q3, selling 9,278 shares to leave a holding of 478,170 shares valued at $121.76 million. Apple now represents 6.8% of the firm’s total assets, ranking as its second-largest position. This slight reduction follows a broader trend of active repositioning by institutional investors, who collectively own 67.73% of Apple’s outstanding stock. Notable activity in the quarter included a 61.8% increase by John W. Brooker & Co. CPAs to 1,650 shares, a new $27.82 million stake by Regent Peak Wealth Advisors, and smaller increases by Silverleafe Capital Partners, Curran Financial Partners, and Elite Life Management.

Apple reported Q4 revenue of $102.47 billion, up 8.7% year-over-year, and delivered EPS of $1.85, beating consensus by $0.11. The firm’s Services segment continued its steady expansion, contributing a high-margin revenue stream that bolstered overall net margin to 26.9% and a return on equity exceeding 164%. Analysts now forecast full-year EPS of 7.28, underpinning a premium valuation that reflects confidence in recurring software, digital content, and subscription offerings as offset to cyclical hardware upgrades.

Apple declared a quarterly dividend of $0.26 per share, marking an annualized yield of approximately 0.4% and a payout ratio near 14%. The ex-dividend date was November 10, with payment on November 13. The firm’s disciplined capital return program, which also includes sizable share repurchases, remains a key pillar of its total shareholder return proposition. Investors continue to value the combination of sustained free cash flow generation and balanced distribution as evidence of management’s commitment to returning excess capital even in a high-growth technology environment.