Apple Inc. $AAPL Stock Sold by Community Bank & Trust Waco Texas

Key Points

• Community Bank & Trust Waco Texas reduced its Apple stake by 1.2% in the second quarter, selling 2,455 shares. It still held 197,613 shares worth about $57.2 million, representing 10.3% of its portfolio.
• Institutional investors own approximately 67.73% of Apple’s shares, while company insiders own just 0.06%. Apple SVP Jennifer Newstead sold 2,399 shares valued at roughly $806,496, and insiders sold $4.34 million in stock over the past 90 days.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $340.02. Apple recently reported quarterly EPS of $2.02 and revenue of $109.42 billion, both ahead of expectations.

Community Bank & Trust Waco Texas lessened its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 197,613 shares of the iPhone maker's stock after selling 2,455 shares during the period. Apple comprises about 10.3% of Community Bank & Trust Waco Texas' portfolio, making the stock its largest holding. Community Bank & Trust Waco Texas' holdings in Apple were worth $57,181,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Sterling Wealth Management Inc. boosted its stake in Apple by 0.3% during the second quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker's stock worth $3,351,000 after buying an additional 30 shares during the period. Evansbrook LLC raised its holdings in Apple by 0.4% during the first quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker's stock worth $2,054,000 after purchasing an additional 34 shares in the last quarter. JMG Financial Group Ltd. grew its holdings in shares of Apple by 0.7% during the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock worth $1,295,000 after purchasing an additional 35 shares during the last quarter. Advocate Investing Services LLC lifted its stake in Apple by 0.5% in the second quarter. Advocate Investing Services LLC now owns 7,847 shares of the iPhone maker's stock valued at $2,271,000 after buying an additional 39 shares during the last quarter. Finally, Interactive Financial Advisors Inc. grew its stake in shares of Apple by 4.0% in the 4th quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock valued at $286,000 after purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In related news, SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total value of $806,495.82. Following the transaction, the senior vice president owned 41,992 shares in the company, valued at $14,116,870.56. The trade was a 5.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 13,430 shares of company stock worth $4,342,255 over the last ninety days. Corporate insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wells Fargo & Company reissued an "overweight" rating and set a $350.00 price target (up from $310.00) on shares of Apple in a research report on Friday, July 31st. Needham & Company LLC reiterated a "hold" rating on shares of Apple in a research note on Thursday. CICC Research boosted their price objective on Apple from $310.00 to $340.00 and gave the company an "outperform" rating in a report on Tuesday, August 4th. Seaport Research Partners downgraded Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. Finally, Phillip Securities lifted their target price on Apple from $290.00 to $300.00 and gave the stock a "neutral" rating in a research report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $340.02.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is launching new safeguards designed to protect its devices from probing AI agents. The move may strengthen user trust and help preserve Apple’s security-focused ecosystem as agentic AI becomes more prominent. Apple Launches New Safeguards Against AI Agents
• Positive Sentiment: The fall product cycle remains a near-term tailwind. Morgan Stanley modestly raised its revenue forecast after Apple’s launches, while Counterpoint reportedly expects about 6 million sales of the $1,999 foldable iPhone Duo this year. New Apple Watch health features and potential smart-home products could also broaden the company’s ecosystem. Apple’s Fall Product Cycle Could Support Revenue Growth
• Neutral Sentiment: Morgan Stanley maintained an Overweight rating but lowered its price target to $355 from $360. Higher memory and component costs, along with possible iPhone pricing pressure, are offsetting much of the expected product-revenue benefit. Morgan Stanley Adjusts Price Target on Apple
• Negative Sentiment: A jury’s $5.7 billion patent verdict against Apple has raised concerns about potential ongoing royalties and pressure on hardware margins. Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
• Negative Sentiment: Investors remain worried that AI agents from rivals such as Meta could bypass the App Store and weaken Apple’s high-margin services business. Analysts also see limited upside after Apple’s strong run and its relatively rich valuation.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 shares valued at approximately $806,496, reducing her direct holdings by 5.4%. The transaction is small relative to her remaining stake but adds modest insider-selling pressure. Apple Insider Transaction Filing

Apple Trading Up 1.0%

Shares of NASDAQ AAPL opened at $333.69 on Friday. The company has a market cap of $4.87 trillion, a price-to-earnings ratio of 38.27, a P/E/G ratio of 2.63 and a beta of 1.07. The business has a fifty day simple moving average of $322.16 and a 200-day simple moving average of $300.01. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $345.34.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The firm's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.57 earnings per share. Sell-side analysts predict that Apple Inc. will post 8.74 EPS for the current year.

Apple Announces Dividend

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

About Apple

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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