Texas Bank & Trust Co Has $17.51 Million Stake in Apple Inc. $AAPL

Texas Bank & Trust Co decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.7% during the third quarter, HoldingsChannel reports. The fund owned 68,746 shares of the iPhone maker’s stock after selling 2,635 shares during the quarter. Apple accounts for approximately 6.6% of Texas Bank & Trust Co’s investment portfolio, making the stock its 2nd largest holding. Texas Bank & Trust Co’s holdings in Apple were worth $17,505,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Financial Futures Ltd Liability Co. grew its stake in Apple by 13.2% in the 2nd quarter. Financial Futures Ltd Liability Co. now owns 3,552 shares of the iPhone maker’s stock worth $729,000 after acquiring an additional 415 shares in the last quarter. Monarch Capital Management Inc. boosted its holdings in shares of Apple by 4.6% in the second quarter. Monarch Capital Management Inc. now owns 66,967 shares of the iPhone maker’s stock valued at $13,740,000 after purchasing an additional 2,920 shares during the period. American National Bank & Trust grew its stake in Apple by 2.4% in the second quarter. American National Bank & Trust now owns 195,482 shares of the iPhone maker’s stock worth $40,107,000 after purchasing an additional 4,543 shares in the last quarter. Riverwater Partners LLC grew its stake in Apple by 17.9% in the second quarter. Riverwater Partners LLC now owns 5,404 shares of the iPhone maker’s stock worth $1,109,000 after purchasing an additional 819 shares in the last quarter. Finally, Highland Capital Management LLC increased its holdings in Apple by 2.2% during the 3rd quarter. Highland Capital Management LLC now owns 397,834 shares of the iPhone maker’s stock worth $101,301,000 after purchasing an additional 8,446 shares during the period. Institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AAPL shares. Wells Fargo & Company set a $300.00 target price on Apple and gave the stock an “overweight” rating in a report on Friday, October 31st. Wedbush restated an “outperform” rating and issued a $350.00 price objective on shares of Apple in a report on Monday, January 12th. UBS Group reiterated a “neutral” rating on shares of Apple in a report on Tuesday, January 6th. Bank of America boosted their price target on shares of Apple from $270.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Wall Street Zen downgraded shares of Apple from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $282.80.

Apple Stock Up 1.1%

Shares of Apple stock opened at $258.27 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 1.06. The company has a market cap of $3.80 trillion, a P/E ratio of 34.57, a PEG ratio of 2.38 and a beta of 1.09. The firm’s 50 day moving average price is $269.02 and its 200-day moving average price is $250.98. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $288.62.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.11. Apple had a net margin of 26.92% and a return on equity of 164.05%. The company had revenue of $102.47 billion during the quarter, compared to the consensus estimate of $101.65 billion. During the same period last year, the firm earned $1.64 earnings per share. Apple’s revenue was up 8.7% compared to the same quarter last year. On average, sell-side analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 10th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, November 10th. Apple’s payout ratio is 13.92%.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: JPMorgan raised its price target to $315 and kept an overweight stance, citing strong iPhone demand — a bullish analyst catalyst that supports upside expectations into earnings. Apple gets price target boost from JPMorgan
• Positive Sentiment: Apple is rolling out a Gemini‑powered Siri in February (Google partnership), which investors view as tangible AI progress that could show up in services engagement and long-term monetization. Apple’s Gemini‑Powered Siri Arrives in February
• Positive Sentiment: Apple is expanding App Store ad opportunities for developers in March, which could lift Services revenue over time and give investors another near-term monetization vector. Apple’s Expanded Ad Opportunities For Developers Coming in March
• Neutral Sentiment: The market is setting up for a volatile earnings week (Magnificent 7 plus a Fed meeting); option markets expect a roughly 4% move for AAPL around the print, raising short-term event risk despite positive catalysts. Options traders expect a 4.15% move
• Neutral Sentiment: High-profile portfolio moves (Pelosi filing) show large Apple share sales paired with LEAPS purchases — signals range from tax/rebalancing to continued long-term conviction; adds noise but not a clear directional signal. Pelosi’s Bullish 2026 Buy List
• Negative Sentiment: Jefferies trimmed its outlook (lowered price target) pointing to slowing App Store growth and Google ad competition — risks to Services growth are being priced in by some sell‑side firms. Jefferies Flags App Store and Google Ad Risks
• Negative Sentiment: Smaller shops (Aletheia) maintain sell ratings and lowered targets arguing hardware margin pressure — downside risk if Apple reports weaker-than-expected iPhone margins or conservative guidance. Aletheia Maintains Sell on Apple
• Negative Sentiment: Legal/PR overhang: outlets report combined settlements over alleged voice‑data issues (Apple + Google), a headline risk that could fuel short-term investor caution around guidance and services commentary. Google, Apple to pay combined $163M to settle lawsuits

Insiders Place Their Bets

In related news, insider Chris Kondo sold 3,752 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $271.23, for a total transaction of $1,017,654.96. Following the transaction, the insider directly owned 15,098 shares of the company’s stock, valued at $4,095,030.54. This represents a 19.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.06% of the stock is currently owned by company insiders.

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.