Apple Inc. $AAPL Stock Holdings Lowered by Community Trust & Investment Co.

Key Points

• Community Trust & Investment Co. trimmed its Apple stake by 1.7%, selling 6,581 shares and ending the quarter with 370,662 shares valued at $100.77 million, making AAPL its 5th-largest holding (5.3% of assets).
• Other institutions mostly added to positions—most notably Citizens Financial Group (+48.4%, 465,393 shares)—and hedge funds/institutional investors now own about 67.73% of Apple.
• Apple beat quarterly estimates (EPS $2.84 vs. $2.67; revenue $143.76B, +15.7% Y/Y), has a market cap of $3.65T, pays a $0.26 quarterly dividend (0.4% yield), and holds a consensus rating of Moderate Buy with an average price target of $297.58.

Community Trust & Investment Co. lowered its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 370,662 shares of the iPhone maker's stock after selling 6,581 shares during the quarter. Apple accounts for 5.3% of Community Trust & Investment Co.'s holdings, making the stock its 5th biggest position. Community Trust & Investment Co.'s holdings in Apple were worth $100,768,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Monarch Capital Management Inc. grew its position in Apple by 4.6% during the second quarter. Monarch Capital Management Inc. now owns 66,967 shares of the iPhone maker's stock valued at $13,740,000 after buying an additional 2,920 shares during the period. Highland Capital Management LLC increased its holdings in Apple by 2.2% in the third quarter. Highland Capital Management LLC now owns 397,834 shares of the iPhone maker's stock valued at $101,301,000 after buying an additional 8,446 shares in the last quarter. Citizens Financial Group Inc. RI raised its position in shares of Apple by 48.4% in the third quarter. Citizens Financial Group Inc. RI now owns 1,426,605 shares of the iPhone maker's stock worth $363,256,000 after acquiring an additional 465,393 shares during the period. Tufton Capital Management boosted its stake in shares of Apple by 4.3% during the 3rd quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker's stock worth $25,496,000 after acquiring an additional 4,157 shares in the last quarter. Finally, World Investment Advisors boosted its stake in shares of Apple by 3.9% during the 3rd quarter. World Investment Advisors now owns 734,485 shares of the iPhone maker's stock worth $187,022,000 after acquiring an additional 27,445 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Stock Performance

AAPL opened at $248.80 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.97 and a quick ratio of 0.94. The company's 50 day simple moving average is $260.24 and its two-hundred day simple moving average is $262.92. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $288.62. The firm has a market capitalization of $3.65 trillion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 2.36 and a beta of 1.10.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.67 by $0.17. Apple had a return on equity of 159.94% and a net margin of 27.04%.The business had revenue of $143.76 billion during the quarter, compared to analyst estimates of $138.25 billion. During the same period in the prior year, the business earned $2.40 earnings per share. The business's revenue was up 15.7% compared to the same quarter last year. Analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, February 9th. Apple's dividend payout ratio is presently 13.15%.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Wedbush says 2026 could be a significant product year and raises upside potential (they reiterate Outperform and a $350 target), framing WWDC and AI-driven hardware as major catalysts. Apple in focus as Wedbush calls 2026 a 'significant' product launch year ahead of WWDC
• Positive Sentiment: Apple hired ex-Google executive Lilian Rincon as VP of product marketing for AI — a concrete senior hire to accelerate Siri/AI positioning and marketing. Apple hires ex-Google executive to head AI marketing amid push to improve Siri
• Positive Sentiment: Multiple reports say Apple will open Siri to rival AI assistants (Gemini, Claude, etc.) in iOS 27 — this pivot can broaden iPhone AI capabilities without Apple building everything in‑house. Apple Plans to Open Up Siri to Rival AI Assistants in iOS 27 Update
• Positive Sentiment: Services continue to grow (reported ~14% y/y, Apple TV and gaming aiding strength) — recurring high‑margin revenue supports earnings upside even if hardware cycles lag. Strong Streaming & Game Content Aids Apple's Services: What's Ahead?
• Positive Sentiment: Apple expands U.S. manufacturing program, adding Bosch, Cirrus Logic, TDK and Qnity and committing $400M — reduces supply‑chain risk and supports domestic sourcing narrative. Apple adds Bosch, Cirrus Logic, others to US manufacturing program, to invest $400 million
• Positive Sentiment: Apple is granting rare large stock bonuses to iPhone designers to curb talent departures to AI firms — a retention step to protect future product execution. Apple Drops Six Figure Bonuses To Stop iPhone Talent Exodus
• Neutral Sentiment: An analyst tweak: Erste trimmed FY2027 EPS slightly — minimal change to consensus, but worth watching for estimate revisions. Apple Inc. analyst note (Erste Group) via MarketBeat
• Neutral Sentiment: Steve Wozniak publicly criticizes AI and says he hardly uses it — a reputational/PR datapoint but unlikely to move fundamentals. Apple cofounder Steve Wozniak admits he’s ‘disappointed a lot’ by AI and hardly uses it
• Negative Sentiment: Broader tech sector weakness — Nasdaq slide, Meta legal losses and geopolitical worries are pressuring tech stocks, which is dragging AAPL despite company‑specific positives. Tech stocks suffer worst week in nearly a year, driven down by war worries, Meta legal woes
• Negative Sentiment: Reports that Apple has discontinued the Mac Pro and abandoned future updates could concern pro users and niche revenue, though impact on total revenue is limited. Apple reportedly discontinues Mac Pro, abandons plans for future updates

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AAPL. KeyCorp restated a "sector weight" rating on shares of Apple in a research note on Thursday, March 12th. JPMorgan Chase & Co. increased their price target on Apple from $315.00 to $325.00 and gave the stock an "overweight" rating in a research report on Friday, January 30th. Morgan Stanley reissued an "overweight" rating and issued a $315.00 price objective on shares of Apple in a report on Monday, March 23rd. Maxim Group raised Apple from a "hold" rating to a "buy" rating and set a $300.00 target price for the company in a research note on Friday, January 30th. Finally, KGI Securities upgraded Apple to an "outperform" rating and set a $306.00 target price on the stock in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Apple presently has a consensus rating of "Moderate Buy" and an average price target of $297.58.

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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