Peoples Bank KS trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 33.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,824 shares of the iPhone maker’s stock after selling 6,833 shares during the period. Apple accounts for about 3.5% of Peoples Bank KS’s holdings, making the stock its 4th largest holding. Peoples Bank KS’s holdings in Apple were worth $3,520,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Baker Boyer National Bank raised its holdings in Apple by 0.3% during the second quarter. Baker Boyer National Bank now owns 18,011 shares of the iPhone maker’s stock worth $3,695,000 after purchasing an additional 47 shares in the last quarter. Beddow Capital Management Inc. raised its stake in Apple by 1.8% during the 2nd quarter. Beddow Capital Management Inc. now owns 2,597 shares of the iPhone maker’s stock worth $533,000 after acquiring an additional 47 shares in the last quarter. Red Tortoise LLC lifted its position in Apple by 0.9% in the second quarter. Red Tortoise LLC now owns 5,717 shares of the iPhone maker’s stock valued at $1,173,000 after acquiring an additional 49 shares during the last quarter. SigFig Wealth Management LLC boosted its stake in Apple by 2.8% in the second quarter. SigFig Wealth Management LLC now owns 1,830 shares of the iPhone maker’s stock valued at $368,000 after acquiring an additional 50 shares in the last quarter. Finally, Shariaportfolio Inc. boosted its stake in Apple by 1.3% in the second quarter. Shariaportfolio Inc. now owns 3,999 shares of the iPhone maker’s stock valued at $820,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.
Apple Price Performance
Apple stock opened at $270.92 on Tuesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.89 and a quick ratio of 0.86. The business has a 50 day simple moving average of $270.62 and a 200-day simple moving average of $240.31. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $288.62. The stock has a market capitalization of $4.00 trillion, a PE ratio of 36.27, a price-to-earnings-growth ratio of 2.56 and a beta of 1.10.
Apple Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 10th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, November 10th. Apple’s payout ratio is 13.92%.
Insider Activity
In related news, insider Chris Kondo sold 3,752 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $271.23, for a total value of $1,017,654.96. Following the completion of the sale, the insider owned 15,098 shares in the company, valued at $4,095,030.54. This trade represents a 19.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy D. Cook sold 129,963 shares of Apple stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total value of $33,375,798.03. Following the completion of the sale, the chief executive officer directly owned 3,280,295 shares in the company, valued at $842,412,558.95. This represents a 3.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 228,052 shares of company stock valued at $58,604,588 over the last ninety days. 0.06% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on AAPL. Seaport Res Ptn raised Apple to a “strong-buy” rating in a report on Wednesday, October 1st. Melius Research set a $345.00 price target on Apple in a research report on Friday, October 31st. Jefferies Financial Group reiterated a “hold” rating and issued a $283.36 price objective on shares of Apple in a research note on Wednesday, December 17th. Cowen restated a “buy” rating on shares of Apple in a research report on Monday, October 27th. Finally, JPMorgan Chase & Co. upped their price target on shares of Apple from $290.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average price target of $283.92.
View Our Latest Analysis on AAPL
Trending Headlines about Apple
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Wall Street bullishness: multiple firms raised targets and highlighted upside tied to AI initiatives and iPhone strength — Morgan Stanley raised its target and analysts (including Wedbush) see material upside into 2026. Morgan Stanley Lifts Apple Inc. (AAPL) Price Target on Earnings Growth Expectations Apple (AAPL) Stock: Wall Street Analysts See Major Upside as AI Plans Unfold
- Positive Sentiment: iPhone demand momentum: Jefferies raised its target after stronger-than-expected iPhone sales/seasonality, supporting near-term revenue and Services leverage. Apple (AAPL) Target Raised as Jefferies Sees Stronger iPhone Demand
- Positive Sentiment: Product / AI runway: reports say Apple is targeting 2026 launches for AI smart glasses and camera-equipped AirPods — potential new hardware + AI services revenue streams. Apple Targets 2026 Launch For AI Smart Glasses, Camera-Equipped AirPods
- Neutral Sentiment: Investor flows & positioning: commentary anticipates year‑end rotation and a potential Q1 shift out of overbought mega‑cap tech into cyclical names, which could pressure AAPL temporarily even if fundamentals remain solid. Tech Rotation to Follow Santa Claus Rally, AAPL 2026 “Favorite”
- Neutral Sentiment: Berkshire chatter: pieces predicting Berkshire may stop selling AAPL in 2026 are supportive of long-term holder confidence but are speculative and may have limited immediate flow impact. Prediction: Berkshire Hathaway Will Stop Selling Apple Stock in 2026
- Negative Sentiment: Regulatory hit in Europe: Italy’s antitrust authority fined Apple ~€98.6M for alleged App Store abuse tied to a privacy feature — a small direct cost but a reminder of regulatory risk and potential for follow‑on actions. Italy’s antitrust fines Apple for alleged abuse of dominant position with App Store
- Negative Sentiment: Input‑cost and margin pressure risk: commentators warn rising memory prices (Micron) could squeeze iPhone component costs and margins if not offset by pricing or mix. Jim Cramer Says “Apple Might Be Hurt By Higher Memory Prices From Micron”
About Apple
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.
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