FARMERS & MERCHANTS TRUST Co OF LONG BEACH Has $31.46 Million Position in Apple Inc. $AAPL

FARMERS & MERCHANTS TRUST Co OF LONG BEACH trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL) by 8.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 115,730 shares of the iPhone maker’s stock after selling 10,380 shares during the quarter. Apple comprises about 7.2% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s investment portfolio, making the stock its 2nd biggest position. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Apple were worth $31,462,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Aspen Capital Management LLC lifted its position in shares of Apple by 1.3% during the 4th quarter. Aspen Capital Management LLC now owns 22,606 shares of the iPhone maker’s stock valued at $6,146,000 after acquiring an additional 297 shares during the period. RMR Wealth Builders lifted its position in shares of Apple by 4.5% during the 4th quarter. RMR Wealth Builders now owns 132,523 shares of the iPhone maker’s stock valued at $36,028,000 after acquiring an additional 5,706 shares during the period. Anchyra Partners LLC bought a new stake in shares of Apple during the 4th quarter valued at $16,043,000. Nippon Life Global Investors Americas Inc. lifted its position in shares of Apple by 3.8% during the 4th quarter. Nippon Life Global Investors Americas Inc. now owns 352,920 shares of the iPhone maker’s stock valued at $95,945,000 after acquiring an additional 12,860 shares during the period. Finally, Aprio Wealth Management LLC lifted its position in shares of Apple by 32.0% during the 4th quarter. Aprio Wealth Management LLC now owns 95,420 shares of the iPhone maker’s stock valued at $25,941,000 after acquiring an additional 23,112 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America raised its price target on Apple to $380, saying AI features and a redesigned Siri could drive substantial incremental revenue over the next few years. Article Title
• Positive Sentiment: Melius Research also boosted its outlook ahead of WWDC 2026, saying Apple could finally show “real AI sizzle,” which has helped fuel expectations for a stronger product cycle. Article Title
• Positive Sentiment: Multiple pieces highlight Apple’s recent stock strength, including new record highs and growing optimism that the company’s Services business and ecosystem remain resilient even as iPhone growth slows. Article Title
• Neutral Sentiment: News that Android smartphone makers may be hit harder than Apple by AI memory shortages could be relatively supportive for AAPL by comparison, but it is more of an industry backdrop than a direct catalyst. Article Title
• Neutral Sentiment: Several articles point to Apple trading near all-time highs and approaching a $5 trillion valuation, reinforcing bullish momentum, though these are mostly commentary rather than fresh company-specific developments. Article Title
• Negative Sentiment: Some investors remain cautious because iPhone shipment momentum is softening and Apple’s next major growth driver still needs to be proven at WWDC, which leaves room for disappointment if AI announcements underwhelm. Article Title
• Negative Sentiment: One Reuters item notes Apple and Google are pushing back against Canada’s online safety bill over encryption concerns, a regulatory issue that could create future headline risk. Article Title

Apple Price Performance

Shares of NASDAQ:AAPL opened at $310.85 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. Apple Inc. has a twelve month low of $195.07 and a twelve month high of $313.26. The firm has a market capitalization of $4.57 trillion, a price-to-earnings ratio of 37.59, a PEG ratio of 2.68 and a beta of 1.06. The stock’s 50 day moving average is $273.03 and its 200-day moving average is $269.45.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06. The business had revenue of $111.18 billion during the quarter, compared to the consensus estimate of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.65 EPS. Sell-side analysts forecast that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were paid a dividend of $0.27 per share. This is an increase from Apple’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, May 11th. Apple’s dividend payout ratio is presently 13.06%.

Analyst Ratings Changes

A number of analysts have recently weighed in on AAPL shares. Tigress Financial reiterated a “strong-buy” rating and set a $375.00 target price (up from $305.00) on shares of Apple in a research report on Thursday, May 14th. Morgan Stanley reissued an “overweight” rating and set a $330.00 price target (up from $315.00) on shares of Apple in a report on Friday, May 1st. Maxim Group raised Apple from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a report on Friday, January 30th. Moffett Nathanson boosted their price target on Apple from $241.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Finally, Citigroup restated a “buy” rating on shares of Apple in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $310.31.

Insider Activity

In other news, insider Ben Borders sold 1,274 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $290.00, for a total value of $369,460.00. Following the completion of the sale, the insider owned 38,713 shares of the company’s stock, valued at approximately $11,226,770. This represents a 3.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevan Parekh sold 1,534 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total transaction of $421,850.00. Following the completion of the transaction, the chief financial officer owned 13,366 shares in the company, valued at $3,675,650. This represents a 10.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 97,759 shares of company stock worth $24,964,305 in the last three months. Insiders own 0.06% of the company’s stock.

Apple Company Profile

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.