Bath Savings Trust Co Trims Position in Apple Inc. $AAPL

Key Points

• Bath Savings Trust Co trimmed its Apple stake by 1.0%, selling 2,873 shares and ending the quarter with 274,422 shares valued at $74.6M, which still represents about 7.4% of its portfolio and is its largest holding.
• Other institutions largely added to AAPL—most notably Citizens Financial Group, which increased its position 48.4% to 1,426,605 shares—and institutional ownership of Apple stands at 67.73%.
• Apple posted an earnings beat (EPS $2.84 vs. $2.67 consensus) and revenue of $143.8B (+15.7% YoY), pays a $0.26 quarterly dividend (annualized $1.04, 0.4% yield), and carries a MarketBeat consensus rating of "Moderate Buy" with an average target of $297.58.

Bath Savings Trust Co reduced its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,422 shares of the iPhone maker's stock after selling 2,873 shares during the period. Apple accounts for about 7.4% of Bath Savings Trust Co's investment portfolio, making the stock its biggest position. Bath Savings Trust Co's holdings in Apple were worth $74,604,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Overbrook Management Corp boosted its stake in shares of Apple by 57.4% during the fourth quarter. Overbrook Management Corp now owns 104,648 shares of the iPhone maker's stock valued at $28,449,000 after purchasing an additional 38,174 shares during the period. Monarch Capital Management Inc. lifted its holdings in Apple by 4.6% during the 2nd 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 in the last quarter. Highland Capital Management LLC lifted its holdings in Apple by 2.2% during the 3rd 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 boosted its position in Apple by 48.4% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,426,605 shares of the iPhone maker's stock valued at $363,256,000 after buying an additional 465,393 shares during the period. Finally, Tufton Capital Management boosted its position in Apple by 4.3% in the 3rd quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker's stock valued at $25,496,000 after buying an additional 4,157 shares during the period. 67.73% of the stock is owned by institutional investors.

Apple Price Performance

Shares of AAPL opened at $255.63 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.94 and a current ratio of 0.97. The company has a 50 day moving average price of $260.36 and a 200-day moving average price of $263.13. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $288.62. The stock has a market capitalization of $3.75 trillion, a PE ratio of 32.32, a PEG ratio of 2.41 and a beta of 1.11.

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

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were issued a $0.26 dividend. The ex-dividend date was Monday, February 9th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple's dividend payout ratio (DPR) is currently 13.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AAPL shares. Wedbush reaffirmed an "outperform" rating and set a $350.00 target price on shares of Apple in a research report on Friday, March 27th. Moffett Nathanson boosted their price target on Apple from $241.00 to $270.00 and gave the company a "neutral" rating in a report on Wednesday, February 25th. Evercore reissued an "outperform" rating on shares of Apple in a research note on Monday, March 2nd. Rosenblatt Securities raised their price objective on Apple from $267.00 to $268.00 and gave the stock a "neutral" rating in a report on Thursday, March 5th. Finally, UBS Group reaffirmed a "neutral" rating on shares of Apple in a research report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Apple presently has a consensus rating of "Moderate Buy" and an average target price of $297.58.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple expanded its U.S. Manufacturing Program with a $400M investment through 2030 to bolster domestic production of critical components — a move that should help supply resilience and long‑term margins. Apple Inc. (AAPL) Expands U.S. Manufacturing Program with $400M Investment
• Positive Sentiment: Wedbush reiterated an Outperform rating and flagged a potential foldable iPhone and WWDC roadmap as major upside catalysts that could reignite product cycles. Wedbush Reiterates Outperform on Apple Inc. (AAPL)
• Positive Sentiment: Analysts point to accelerating services monetization (higher‑margin recurring revenue) and Siri/AI feature tests (multi‑request Siri) as supporting revenue diversification beyond the iPhone. Apple Inc. (AAPL) Focused on Service Monetization to Accelerate Revenue Growth
• Neutral Sentiment: Apple’s 50th anniversary generated broad retrospectives on its franchise and strategy; such coverage supports brand strength but raises scrutiny on AI execution and succession planning. Apple's 50-year journey from garage to tech titan
• Neutral Sentiment: Apple released a firmware update for AirTag 2 (3.0.45) — routine product maintenance that matters for customer trust but has limited direct impact on revenue. Apple just changed AirTag 2’s anti-stalking feature - 9to5Mac
• Neutral Sentiment: D. E. Shaw trimmed its AAPL holding — a portfolio move that may reflect rebalancing rather than fundamental conviction change. Apple Inc. (AAPL): D. E. Shaw Trims Holding
• Negative Sentiment: Iran’s IRGC publicly threatened U.S. tech firms, including Apple — geopolitical risk can pressure shares via supply‑chain, regional operations or investor risk premia. Iran threatens Nvidia, Apple and other tech giants with attack
• Negative Sentiment: A final court ruling upheld Xiao‑I Corp patents in a dispute with Apple — adverse IP decisions can lead to damages, licensing costs or operational restrictions in key markets. Xiao-I Corp. Wins Final Supreme Court Ruling Upholding Patents in Apple Dispute
• Negative Sentiment: Apple’s fitness chief is retiring amid harassment allegations — a reputational and leadership headwind for the services/wearables business. Apple's Fitness Chief, Who Was Accused of Harassment, Is Retiring

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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