Apple Inc. $AAPL is City Holding Co.’s 3rd Largest Position

City Holding Co. reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 97,401 shares of the iPhone maker’s stock after selling 1,635 shares during the period. Apple comprises 3.2% of City Holding Co.’s investment portfolio, making the stock its 3rd largest holding. City Holding Co.’s holdings in Apple were worth $28,183,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Apple during the fourth quarter valued at approximately $52,266,468,000. Nuveen LLC acquired a new position in Apple in the first quarter worth about $17,472,482,000. Cardano Risk Management B.V. increased its holdings in shares of Apple by 890.7% in the 4th quarter. Cardano Risk Management B.V. now owns 41,984,810 shares of the iPhone maker’s stock valued at $11,413,990,000 after acquiring an additional 37,746,784 shares during the last quarter. Laurel Wealth Advisors LLC raised its holdings in shares of Apple by 20,464.8% during the second quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker’s stock worth $5,553,753,000 after purchasing an additional 26,937,401 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Apple by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker’s stock worth $387,749,545,000 after buying an additional 26,856,752 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In related news, SVP Jennifer Newstead sold 1,439 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $307.49, for a total value of $442,478.11. Following the sale, the senior vice president owned 38,668 shares of the company’s stock, valued at $11,890,023.32. The trade was a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ben Borders sold 116 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the transaction, the insider directly owned 38,713 shares of the company’s stock, valued at approximately $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. Over the last ninety days, insiders sold 2,994 shares of company stock valued at $919,567. 0.06% of the stock is owned by company insiders.

Apple Stock Up 1.1%

AAPL opened at $313.45 on Thursday. The company has a market capitalization of $4.57 trillion, a PE ratio of 35.95, a price-to-earnings-growth ratio of 2.65 and a beta of 1.09. The business has a 50-day moving average of $311.47 and a 200-day moving average of $287.95. 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 Inc. has a fifty-two week low of $225.95 and a fifty-two week high of $344.57.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. During the same period last year, the company earned $1.57 earnings per share. The business’s revenue was up 16.4% compared to the same quarter last year. Equities research analysts forecast that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were issued a $0.27 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.3%. Apple’s dividend payout ratio is 12.39%.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Foldable iPhone could create a major new growth category. IDC expects Apple to ship more than 10 million foldable iPhones in the first year and over 17 million by 2027. The projections have strengthened expectations that the premium device could reignite iPhone growth and support Apple’s pricing power. IDC foldable iPhone shipment forecast
• Positive Sentiment: Apple confirmed its next iPhone launch for September 9. Analysts expect new iPhones and Apple Watches, with the long-rumored foldable model potentially serving as the event’s headline product. The launch will also be the first major iPhone presentation under incoming CEO John Ternus, increasing investor attention around Apple’s product pipeline. Apple September 9 iPhone event
• Positive Sentiment: New Macs expand Apple’s AI opportunity. The updated Mac mini and Mac Studio use the M6 and M5 Ultra chips, adding faster on-device AI performance and capacity to run larger models locally. This could increase Mac demand among developers and enterprise users while reinforcing Apple’s capital-light approach to artificial intelligence. Apple AI Mac upgrades
• Neutral Sentiment: Analysts remain constructive but acknowledge valuation risk. Apple’s profitability, premium brand and loyal customer base support bullish long-term forecasts, including a $365 price target from Evercore ISI. However, with a market capitalization above $4 trillion and a price-to-earnings ratio near 36, further gains likely depend on strong product execution and sustained earnings growth. Evercore Apple price target
• Negative Sentiment: Higher hardware prices and China-related risks could pressure demand and margins. The new Mac mini starts at $899, while memory and silicon shortages may push prices higher. Apple also continues to rely on Chinese technology partners for certain China-market AI services, exposing it to regulatory and geopolitical uncertainty. Apple Mac pricing and AI strategy

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Oppenheimer reissued a “market perform” rating on shares of Apple in a report on Friday, July 31st. The Goldman Sachs Group initiated coverage on Apple in a research report on Monday, August 17th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft lowered shares of Apple from a “buy” rating to a “hold” rating in a research report on Monday, August 17th. UBS Group reaffirmed a “neutral” rating on shares of Apple in a research note on Friday, July 31st. Finally, Rosenblatt Securities boosted their target price on shares of Apple from $276.00 to $300.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $330.53.

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.