Apple Inc. $AAPL Shares Acquired by Trustmark Bank Trust Department

Key Points

• Trustmark Bank Trust Department increased its Apple stake by 3.6% in the second quarter, purchasing 3,735 additional shares for a total of 107,001 shares valued at approximately $31 million.
• Several other institutional investors also raised their Apple holdings, while institutional investors collectively own 67.73% of the company. An Apple senior vice president sold 2,399 shares, though insiders own just 0.06% of the stock.
• Apple reported quarterly earnings and revenue above analyst expectations, with revenue up 16.4% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $340.14, while product expansion and strong iPhone demand are balanced by AI competition and legal risks.

Trustmark Bank Trust Department grew its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 107,001 shares of the iPhone maker's stock after purchasing an additional 3,735 shares during the period. Apple makes up 1.8% of Trustmark Bank Trust Department's investment portfolio, making the stock its 11th biggest holding. Trustmark Bank Trust Department's holdings in Apple were worth $30,962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. New Mexico Educational Retirement Board boosted its position in shares of Apple by 7.4% during the 2nd quarter. New Mexico Educational Retirement Board now owns 730,545 shares of the iPhone maker's stock worth $211,391,000 after purchasing an additional 50,181 shares in the last quarter. Royal London Asset Management Ltd. increased its position in Apple by 3.6% in the 2nd quarter. Royal London Asset Management Ltd. now owns 10,335,156 shares of the iPhone maker's stock valued at $2,990,581,000 after buying an additional 355,942 shares in the last quarter. Mufg Securities Americas Inc. increased its position in Apple by 8.9% in the 2nd quarter. Mufg Securities Americas Inc. now owns 442,363 shares of the iPhone maker's stock valued at $128,002,000 after buying an additional 36,213 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its stake in Apple by 5.7% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 17,847 shares of the iPhone maker's stock worth $5,164,000 after buying an additional 969 shares during the period. Finally, Ferguson Wellman Capital Management Inc. raised its stake in Apple by 1.7% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 1,387,665 shares of the iPhone maker's stock worth $401,535,000 after buying an additional 23,100 shares during the period. Institutional investors own 67.73% of the company's stock.

Insiders Place Their Bets

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $340.06, for a total transaction of $815,803.94. Following the transaction, the senior vice president directly owned 44,391 shares in the company, valued at approximately $15,095,603.46. This trade represents a 5.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 11,031 shares of company stock worth $3,535,759. 0.06% of the stock is currently owned by company insiders.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Counterpoint Research estimates Apple could sell approximately 6 million iPhone Duo foldable handsets in 2026, despite the device’s premium starting price of $1,999. Pre-orders reportedly begin October 16, with deliveries scheduled for October 23. Apple Predicted To Sell 6 Million iPhone Duo Handsets This Year
• Positive Sentiment: Early iPhone 18 Pro demand in China is encouraging: first-week sales rose 12% year over year, and Apple captured 33% of smartphone sales during the measured period. Analysts also see consumers showing greater willingness to pay for higher-priced models. Apple iPhone 18 Pro China Launch-Week Sales Rise 12%
• Positive Sentiment: Reports that Apple will unveil a new smart-home hub at an October 13 event added to expectations for expansion beyond the iPhone. The company is also reportedly renewing its Qualcomm licensing agreement, supporting continuity for its device and connectivity roadmap. Apple Plans Smart-Home Push
• Positive Sentiment: Broader technology stocks benefited from cooler inflation data, which reduced near-term concerns about additional Federal Reserve rate hikes. Apple also received a favorable endorsement from Jim Cramer ahead of the Duo launch.
• Neutral Sentiment: New CEO John Ternus is reportedly considering an engineering-focused restructuring, faster product releases and fewer management layers. The changes could improve innovation and execution, but they introduce transition risk and may include layoffs as memory costs rise. Apple’s New CEO Plans Overhaul
• Negative Sentiment: Bank of America warned that Meta’s Muse and other AI agents could divert product discovery, shopping activity and services revenue away from Apple’s ecosystem, increasing pressure on Siri, Apple Pay and the App Store.
• Negative Sentiment: Apple patched a zero-day vulnerability reportedly used in targeted attacks involving iPhone crypto wallets. In addition, a UK class-action case over marketplace restrictions was allowed to proceed, creating ongoing legal and reputational risks.

Apple Stock Performance

Shares of AAPL opened at $333.02 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The stock has a 50 day moving average price of $321.97 and a two-hundred day moving average price of $299.21. The firm has a market capitalization of $4.86 trillion, a P/E ratio of 38.19, a P/E/G ratio of 2.86 and a beta of 1.08. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $345.34.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion for the quarter, compared to analyst estimates of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the company earned $1.57 earnings per share. Equities analysts forecast that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's dividend payout ratio is presently 12.39%.

Analyst Ratings Changes

A number of equities research analysts have commented on AAPL shares. CICC Research raised their price objective on Apple from $310.00 to $340.00 and gave the company an "outperform" rating in a research note on Tuesday, August 4th. Royal Bank Of Canada set a $365.00 target price on Apple in a research report on Wednesday, July 15th. Raymond James Financial reiterated a "market perform" rating on shares of Apple in a report on Friday, July 31st. Moffett Nathanson reissued a "neutral" rating and issued a $304.00 price target (up from $270.00) on shares of Apple in a research report on Tuesday, September 8th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Apple in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $340.14.

Apple Profile

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple's services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

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