Comerica Bank Has $874.45 Million Stock Position in Apple Inc. $AAPL

Key Points

• Comerica Bank trimmed its Apple stake by 5% in the fourth quarter, but still held 3.22 million shares worth about $874.45 million. Apple remained its second-largest holding and represented 3.5% of the portfolio.
• Apple continues to draw bullish analyst support, with several firms reiterating or raising price targets, including Evercore at $365 and TD Cowen at $335. MarketBeat data shows a consensus rating of Moderate Buy with an average target of $310.31.
• Recent company results and capital returns were solid: Apple beat quarterly EPS and revenue estimates, and it raised its quarterly dividend to $0.27 per share. The stock was also trading near its 52-week high, with shares up 0.8% in the session cited.

Comerica Bank lessened its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 5.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,216,562 shares of the iPhone maker's stock after selling 170,772 shares during the period. Apple accounts for 3.5% of Comerica Bank's portfolio, making the stock its 2nd biggest holding. Comerica Bank's holdings in Apple were worth $874,454,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sellwood Investment Partners LLC grew its position in Apple by 110.9% in the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker's stock valued at $34,000 after buying an additional 71 shares in the last quarter. ROSS JOHNSON & Associates LLC lifted its holdings in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after acquiring an additional 180 shares during the last quarter. LSV Asset Management acquired a new stake in Apple in the 4th quarter valued at about $65,000. PayPay Securities Corp lifted its holdings in Apple by 52.1% in the 4th quarter. PayPay Securities Corp now owns 365 shares of the iPhone maker's stock valued at $99,000 after acquiring an additional 125 shares during the last quarter. Finally, eCIO Inc. acquired a new stake in Apple in the 4th quarter valued at about $112,000. Institutional investors own 67.73% of the company's stock.

Insider Buying and Selling

In other Apple news, SVP Deirdre O'brien sold 30,002 shares of the firm's stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total value of $7,661,010.70. Following the sale, the senior vice president owned 136,810 shares of the company's stock, valued at $34,934,433.50. This trade represents a 17.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevan Parekh sold 1,534 shares of the firm's stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total value of $421,850.00. Following the completion of the sale, the chief financial officer directly owned 13,366 shares in the company, valued at $3,675,650. This trade represents a 10.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 97,759 shares of company stock valued at $24,964,305 over the last 90 days. 0.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Evercore reissued an "outperform" rating and issued a $365.00 price target on shares of Apple in a report on Thursday, May 14th. TD Cowen restated a "buy" rating and set a $335.00 price objective (up from $325.00) on shares of Apple in a report on Friday, May 1st. Jefferies Financial Group set a $330.00 price objective on Apple in a report on Wednesday, March 4th. Royal Bank Of Canada set a $325.00 price objective on Apple in a report on Monday, February 2nd. Finally, Morgan Stanley restated an "overweight" rating and set a $330.00 price objective (up from $315.00) on shares of Apple in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $310.31.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America raised its price target on Apple to $380, saying AI features and a redesigned Siri could drive substantial incremental revenue over the next few years. Article Title
• Positive Sentiment: Melius Research also boosted its outlook ahead of WWDC 2026, saying Apple could finally show “real AI sizzle,” which has helped fuel expectations for a stronger product cycle. Article Title
• Positive Sentiment: Multiple pieces highlight Apple’s recent stock strength, including new record highs and growing optimism that the company’s Services business and ecosystem remain resilient even as iPhone growth slows. Article Title
• Neutral Sentiment: News that Android smartphone makers may be hit harder than Apple by AI memory shortages could be relatively supportive for AAPL by comparison, but it is more of an industry backdrop than a direct catalyst. Article Title
• Neutral Sentiment: Several articles point to Apple trading near all-time highs and approaching a $5 trillion valuation, reinforcing bullish momentum, though these are mostly commentary rather than fresh company-specific developments. Article Title
• Negative Sentiment: Some investors remain cautious because iPhone shipment momentum is softening and Apple’s next major growth driver still needs to be proven at WWDC, which leaves room for disappointment if AI announcements underwhelm. Article Title
• Negative Sentiment: One Reuters item notes Apple and Google are pushing back against Canada’s online safety bill over encryption concerns, a regulatory issue that could create future headline risk. Article Title

Apple Stock Up 0.8%

Shares of Apple stock opened at $310.85 on Thursday. The stock has a 50-day simple moving average of $273.03 and a 200-day simple moving average of $269.45. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. Apple Inc. has a 52-week low of $195.07 and a 52-week high of $313.26. The firm has a market cap of $4.57 trillion, a price-to-earnings ratio of 37.59, a P/E/G ratio of 2.68 and a beta of 1.06.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.06. Apple had a return on equity of 146.69% and a net margin of 27.15%.The business had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. During the same period last year, the business earned $1.65 EPS. The firm's revenue was up 16.6% compared to the same quarter last year. On average, equities research analysts expect that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, May 11th. This is a positive change from Apple's previous quarterly dividend of $0.26. Apple's dividend payout ratio (DPR) is 13.06%.

Apple 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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