Farmers National Bank Has $25.98 Million Stock Position in Apple Inc. $AAPL

Key Points

• Farmers National Bank increased its Apple position by 2.6% in the first quarter, holding 102,387 shares valued at approximately $25.98 million. Apple represents 5.7% of the bank’s portfolio and is its largest holding.
• Institutional investors and hedge funds collectively own 67.73% of Apple’s outstanding shares, with several funds also modestly increasing their stakes.
• Apple reported quarterly earnings of $2.02 per share and revenue of $109.42 billion, exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $328.60, although some firms have raised concerns about valuation, AI momentum and rising component costs.

Farmers National Bank lifted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 102,387 shares of the iPhone maker's stock after purchasing an additional 2,609 shares during the quarter. Apple accounts for approximately 5.7% of Farmers National Bank's holdings, making the stock its biggest holding. Farmers National Bank's holdings in Apple were worth $25,985,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Evansbrook LLC raised its stake in shares of Apple by 0.4% in the first quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker's stock valued at $2,054,000 after acquiring an additional 34 shares during the last quarter. JMG Financial Group Ltd. grew its holdings in Apple by 0.7% during the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock worth $1,295,000 after acquiring an additional 35 shares during the last quarter. Reyes Financial Architecture Inc. grew its stake in shares of Apple by 0.4% during the third quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker's stock valued at $2,520,000 after purchasing an additional 37 shares during the last quarter. Interactive Financial Advisors Inc. boosted its position in 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 buying an additional 40 shares during the last quarter. Finally, Sugar Maple Asset Management LLC boosted its holdings in Apple by 2.0% in the first quarter. Sugar Maple Asset Management LLC now owns 2,029 shares of the iPhone maker's stock valued at $515,000 after acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is reportedly training a China-specific large language model with Alibaba’s support. The initiative could bring Apple Intelligence to Chinese users, improve Apple’s competitive position against Huawei and reduce reliance on third-party AI models in a key market. Apple trains China-specific AI model
• Positive Sentiment: Apple opened an advanced manufacturing center in Houston that will support AI-server production, Mac mini assembly and workforce training. The facility reinforces Apple’s U.S. investment plans and may improve supply-chain resilience and relations with policymakers. Apple opens Houston manufacturing facility
• Positive Sentiment: Apple reportedly received about $2.2 billion in tariff refunds. The cash recovery could offset some trade-related expenses and support near-term earnings and cash flow. Apple tariff refund report
• Positive Sentiment: Apple is discussing usage-based content agreements with publishers to improve the upgraded Siri’s access to current information. A stronger Siri could help narrow Apple’s perceived AI gap and support future services growth. Apple publisher talks for Siri
• Neutral Sentiment: Apple proposed a 15% commission on purchases made through external links in iOS apps amid its continuing legal dispute with Epic. The proposal could preserve some App Store revenue, but the final regulatory and legal outcome remains uncertain. Apple proposes external purchase commission
• Neutral Sentiment: Apple’s valuation remains demanding, with a market capitalization near $4.5 trillion and a forward earnings outlook that leaves the stock sensitive to execution. An insider sale by SVP Jennifer Newstead was disclosed, though such transactions do not necessarily indicate a change in corporate fundamentals. Apple insider sale
• Negative Sentiment: Jefferies downgraded Apple, citing concerns about the canceled or delayed all-glass iPhone concept, limited near-term AI momentum and rising memory-chip costs. Higher component prices could pressure margins and make it harder for Apple to justify its premium valuation. Jefferies Apple downgrade and iPhone concerns
• Negative Sentiment: Google’s Pixel 11 is placing Gemini more deeply into the smartphone experience, raising the competitive stakes for Apple ahead of the iPhone 18 launch and Siri’s broader overhaul.

Analysts Set New Price Targets

Several brokerages have commented on AAPL. Phillip Securities cut shares of Apple from a "hold" rating to a "moderate sell" rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. decreased their price objective on Apple from $345.00 to $340.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. DA Davidson reiterated a "neutral" rating and issued a $270.00 price objective on shares of Apple in a report on Friday, July 31st. The Goldman Sachs Group reissued a "buy" rating and issued a $360.00 target price (down from $370.00) on shares of Apple in a research note on Friday, July 31st. Finally, Evercore restated an "outperform" rating on shares of Apple in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Apple currently has an average rating of "Moderate Buy" and an average price target of $328.60.

Apple Stock Performance

Shares of Apple stock opened at $305.93 on Monday. The firm has a market cap of $4.46 trillion, a price-to-earnings ratio of 35.08, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. The stock's 50-day moving average is $308.98 and its 200-day moving average is $285.40. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. Apple Inc. has a one year low of $223.78 and a one year high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last posted 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. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company had revenue of $109.42 billion during the quarter, compared to the consensus estimate of $109.04 billion. During the same period in the prior year, the business posted $1.57 EPS. The company's quarterly revenue was up 16.4% on a year-over-year basis. Equities analysts predict that Apple Inc. will post 8.76 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, August 10th. Apple's payout ratio is 12.39%.

Insiders Place Their Bets

In other news, SVP Jennifer Newstead sold 1,439 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $307.75, for a total value of $442,852.25. Following the sale, the senior vice president directly owned 40,107 shares in the company, valued at approximately $12,342,929.25. This trade represents a 3.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ben Borders sold 116 shares of Apple stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the sale, the insider directly owned 38,713 shares in the company, valued at $11,425,754.82. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.06% of the company's stock.

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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