Apple Inc. $AAPL Stake Lessened by City Holding Co.

Key Points

• City Holding Co. reduced its Apple stake by 1.7% in the second quarter, selling 1,635 shares and retaining 97,401 shares worth approximately $28.2 million. Apple remains 3.2% of the firm's portfolio and its third-largest holding.
• Apple reported stronger-than-expected quarterly results, with earnings of $2.02 per share and revenue of $109.42 billion, up 16.4% year over year. The company also maintains a $0.27 quarterly dividend, equivalent to a 0.3% annual yield.
• Analyst sentiment remains moderately bullish, but valuation risks persist. Apple has a consensus “Moderate Buy” rating and a $330.53 target price, while investors are watching potential growth from foldable iPhones and AI-focused Macs against elevated valuation, pricing pressure and China-related risks.

City Holding Co. reduced its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 holdings, making the stock its 3rd largest position. City Holding Co.'s holdings in Apple were worth $28,183,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of AAPL. Lifetime Wealth Management P.C. acquired a new stake in Apple during the 4th quarter worth $41,000. ROSS JOHNSON & Associates LLC increased its stake in Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after acquiring an additional 180 shares during the last quarter. LSV Asset Management acquired a new stake in shares of Apple during the 4th quarter worth about $65,000. Timmons Wealth Management LLC acquired a new position in shares of Apple in the 4th quarter worth approximately $69,000. Finally, Inspire Investing LLC acquired a new position in Apple during the fourth quarter worth $76,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Buying and Selling

In other news, insider Ben Borders sold 116 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the transaction, the insider owned 38,713 shares of the company's stock, valued at $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $307.49, for a total value of $442,478.11. Following the transaction, the senior vice president directly owned 38,668 shares in the company, valued at approximately $11,890,023.32. This represents a 3.59% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 2,994 shares of company stock worth $919,567. 0.06% of the stock is owned by corporate insiders.

Trending Headlines about Apple

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AAPL shares. Monness Crespi & Hardt increased their target price on Apple from $315.00 to $335.00 and gave the stock a "buy" rating in a research note on Friday, May 1st. Needham & Company LLC restated a "hold" rating on shares of Apple in a research note on Friday, July 31st. DZ Bank downgraded shares of Apple from a "buy" rating to a "hold" rating and set a $310.00 price objective for the company. in a research report on Tuesday, August 4th. Robert W. Baird upped their target price on Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. Finally, TD Cowen raised their target price on shares of Apple from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $330.53.

Apple Stock Performance

NASDAQ:AAPL opened at $313.45 on Thursday. Apple Inc. has a fifty-two week low of $225.95 and a fifty-two week high of $344.57. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The stock has a market cap 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 firm's fifty day simple moving average is $311.47 and its 200-day simple moving average is $287.95.

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

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were given a dividend of $0.27 per share. The ex-dividend date was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. Apple's payout ratio is presently 12.39%.

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.

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