Deroy & Devereaux Private Investment Counsel Inc. Sells 2,048 Shares of Apple Inc. $AAPL

Deroy & Devereaux Private Investment Counsel Inc. reduced its position in Apple Inc. (NASDAQ: AAPL) by 3.0% during the second quarter, selling 2,048 shares according to its latest Form 13F filing. Following the divestment, the institutional manager held 66,888 shares valued at approximately $19.355 million. Meanwhile, several other institutional peers, including Brighton Jones LLC and First National Bank of Hutchinson, notably expanded their stakes in the technology giant, bringing total institutional ownership to 67.73%. Apple shares gained 1.6% to open at $319.70, supported by solid financial results and anticipation around its upcoming September 9 product launch under incoming CEO John Ternus. In its recent quarterly report, Apple delivered revenue of $109.42 billion—a 16.4% year-over-year increase—and earnings per share of $2.02, beating analyst projections. Although market sentiment is bolstered by subscription price increases and expanded Apple Pay integration with Walmart, investors remain watchful regarding selective job cuts across AI and Siri teams, alongside elevated valuation multiples.