Apple Inc. $AAPL is Texas Bank & Trust Co’s Largest Position

Texas Bank & Trust Co lowered its position in Apple Inc. (NASDAQ:AAPL) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,214 shares of the iPhone maker’s stock after selling 1,971 shares during the quarter. Apple makes up about 6.1% of Texas Bank & Trust Co’s portfolio, making the stock its biggest position. Texas Bank & Trust Co’s holdings in Apple were worth $18,581,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Lifetime Wealth Management P.C. purchased a new position in shares of Apple during the fourth quarter valued at $41,000. ROSS JOHNSON & Associates LLC raised its holdings in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 180 shares in the last quarter. LSV Asset Management purchased a new stake in Apple in the fourth quarter worth about $65,000. Timmons Wealth Management LLC purchased a new stake in Apple in the fourth quarter worth about $69,000. Finally, Inspire Investing LLC bought a new position in Apple during the 4th quarter worth about $76,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on AAPL shares. Weiss Ratings raised shares of Apple from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 3rd. BTIG Research assumed coverage on shares of Apple in a research note on Monday, August 17th. They set a “neutral” rating on the stock. DA Davidson reissued a “neutral” rating and set a $270.00 price objective on shares of Apple in a report on Wednesday, September 2nd. JPMorgan Chase & Co. reduced their price objective on shares of Apple from $345.00 to $340.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Finally, Evercore restated an “outperform” rating on shares of Apple in a report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $334.91.

Apple Stock Up 3.6%

Shares of AAPL stock opened at $326.57 on Friday. The stock’s fifty day moving average price is $317.73 and its 200 day moving average price is $292.17. Apple Inc. has a 1-year low of $226.65 and a 1-year high of $344.57. The company has a market cap of $4.77 trillion, a price-to-earnings ratio of 37.45, a price-to-earnings-growth ratio of 2.73 and a beta of 1.08. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion during the quarter, compared to analysts’ expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The firm’s revenue was up 16.4% compared to the same quarter last year. During the same period last year, the business posted $1.57 earnings per share. On average, research analysts expect that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were given 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, August 10th. Apple’s dividend payout ratio (DPR) is presently 12.39%.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: iPhone Duo creates a potential new growth cycle. Apple unveiled its first foldable smartphone, the $1,999 iPhone Duo, which is scheduled to reach stores October 23. Analysts believe the device could stimulate upgrades, expand ecosystem engagement and add a significant premium-revenue stream. Some bullish estimates suggest foldables could eventually represent 10% to 20% of iPhone revenue. How Wall Street viewed Apple’s foldable iPhone
• Positive Sentiment: Investors viewed the launch as evidence of renewed hardware innovation under CEO John Ternus. Alongside the Duo, Apple introduced the iPhone 18 Pro models, new Apple Watches, AirPods 5 and expanded Siri AI features. TD Cowen maintained a Buy rating with a $400 price target, while Citi and other analysts also remained constructive. TD Cowen reiterates Buy rating
• Positive Sentiment: Carrier promotions may improve affordability. T-Mobile, AT&T and Verizon are introducing installment and trade-in offers for the expensive Duo, potentially reducing sticker-price resistance without triggering an industrywide price war. Wireless carrier promotions
• Neutral Sentiment: Wall Street remains divided. Bank of America kept its Buy rating but reduced its price target to $370, citing an earnings tradeoff, while Rosenblatt retained a $303 Neutral target. The key questions are demand, supply constraints and whether premium pricing offsets higher component costs.
• Negative Sentiment: Margin pressure is a major risk. Apple raised iPhone Pro prices by $100, but memory and other component costs are rising rapidly. Analysts warn that the price increases may not fully protect profitability, particularly during the initial foldable launch period.
• Negative Sentiment: China presents a tougher competitive backdrop. Apple’s new CEO faces stronger local rivals, including Huawei, and uncertainty over whether the Duo can regain momentum in China. The broader market also faced pressure from surging oil prices and Treasury yields, increasing the risk of multiple compression.
• Negative Sentiment: Insider selling adds a modest cautionary signal. SVP Jennifer Newstead sold 1,438 shares for approximately $456,000, reducing her direct ownership by about 4%, though she continues to hold a substantial position.

Insider Activity at Apple

In other Apple news, SVP Jennifer Newstead sold 1,439 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $317.01, for a total value of $456,177.39. Following the completion of the transaction, the senior vice president owned 35,790 shares of the company’s stock, valued at approximately $11,345,787.90. This trade represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ben Borders sold 116 shares of Apple stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the sale, the insider owned 38,713 shares of the company’s stock, valued at $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 7,310 shares of company stock valued at $2,279,378 over the last ninety days. 0.06% of the stock is currently owned by insiders.

About Apple

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its principal products include the iPhone, Mac computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware products.

Apple’s services business includes the App Store, Apple Music, Apple TV, Apple Arcade, Apple Fitness+, Apple News+, Apple Pay and iCloud. These services provide digital content, payments, cloud storage and subscription offerings across the company’s ecosystem of devices.

Founded in 1976, Apple is headquartered in Cupertino, California, and serves consumers, businesses, educational institutions and government customers worldwide.