First National Bank of Mount Dora Trust Investment Services Has $18.49 Million Position in Apple Inc. $AAPL

Key Points

• First National Bank of Mount Dora Trust Investment Services reduced its Apple stake by 2.5% in the second quarter, selling 1,631 shares. It still held 63,904 shares valued at $18.49 million, representing 3.7% of its portfolio.
• Institutional investors own 67.73% of Apple, while analyst sentiment remains favorable: the stock has a consensus “Moderate Buy” rating and an average price target of $330.53, despite ratings ranging from “Strong Buy” to “Sell.”
• Apple’s latest quarterly results exceeded expectations, with earnings per share of $2.02 and revenue of $109.42 billion, up 16.4% year over year. The company also announced a quarterly dividend of $0.27 per share, equivalent to a 0.3% yield.

First National Bank of Mount Dora Trust Investment Services decreased its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,904 shares of the iPhone maker's stock after selling 1,631 shares during the period. Apple makes up 3.7% of First National Bank of Mount Dora Trust Investment Services' portfolio, making the stock its 3rd largest holding. First National Bank of Mount Dora Trust Investment Services' holdings in Apple were worth $18,491,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AAPL. West Financial Advisors LLC raised its holdings in Apple by 5.7% in the 2nd quarter. West Financial Advisors LLC now owns 16,662 shares of the iPhone maker's stock valued at $4,821,000 after acquiring an additional 900 shares in the last quarter. Lexington Hill Partners LLC grew its holdings in shares of Apple by 3.7% during the 2nd quarter. Lexington Hill Partners LLC now owns 22,710 shares of the iPhone maker's stock worth $6,571,000 after purchasing an additional 803 shares in the last quarter. Legacy Wealth Management LLC MS grew its holdings in shares of Apple by 0.6% during the 2nd quarter. Legacy Wealth Management LLC MS now owns 109,796 shares of the iPhone maker's stock worth $31,771,000 after purchasing an additional 611 shares in the last quarter. Ledgewood Wealth Advisors LLC grew its holdings in shares of Apple by 0.6% during the 2nd quarter. Ledgewood Wealth Advisors LLC now owns 17,490 shares of the iPhone maker's stock worth $5,061,000 after purchasing an additional 107 shares in the last quarter. Finally, Strategic Point Investment Advisors LLC increased its position in shares of Apple by 2.2% during the second quarter. Strategic Point Investment Advisors LLC now owns 7,416 shares of the iPhone maker's stock valued at $2,146,000 after purchasing an additional 159 shares during the period. Institutional investors own 67.73% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AAPL. DA Davidson restated a "neutral" rating and issued a $270.00 target price on shares of Apple in a research note on Friday, July 31st. The Goldman Sachs Group began coverage on shares of Apple in a research note on Monday, August 17th. They set a "buy" rating on the stock. Jefferies Financial Group lowered shares of Apple from a "buy" rating to an "underperform" rating and lowered their price target for the company from $285.56 to $263.66 in a report on Monday, August 10th. Bank of America restated a "buy" rating and issued a $380.00 price objective on shares of Apple in a research note on Thursday, June 18th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $350.00 price objective (up from $310.00) on shares of Apple in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $330.53.

Apple Price Performance

Apple stock opened at $309.35 on Monday. The business has a 50 day simple moving average of $310.63 and a 200 day simple moving average of $287.16. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The company has a market capitalization of $4.51 trillion, a PE ratio of 35.48, a price-to-earnings-growth ratio of 2.65 and a beta of 1.09. Apple Inc. has a one year low of $224.69 and a one year high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The firm had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. During the same period in the prior year, the business posted $1.57 earnings per share. The business's revenue was up 16.4% compared to the same quarter last year. On average, sell-side analysts forecast that Apple Inc. will post 8.76 EPS for the current fiscal year.

Apple Announces Dividend

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

Insider Activity

In other news, insider Ben Borders sold 116 shares of the company's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the sale, the insider owned 38,713 shares of the company's stock, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $307.49, for a total transaction of $442,478.11. Following the sale, the senior vice president owned 38,668 shares of the company's stock, valued at $11,890,023.32. This trade represents a 3.59% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 2,994 shares of company stock worth $919,567. 0.06% of the stock is owned by insiders.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Incoming CEO John Ternus is expected to reassess Apple’s research-and-development budget and potentially increase spending on AI. Analysts see stronger investment in Siri and other AI products as a way to close the gap with technology rivals. Apple Could Get a New R&D and AI Budget
• Positive Sentiment: Potential product catalysts include an AI-enhanced Siri expected later this year, camera-equipped AI AirPods targeted for 2027 and a foldable iPhone that one analyst estimates could sell 14 million units by 2027. Successful launches could support a major upgrade cycle. Apple Wants to Pay Publishers to Improve Siri
• Positive Sentiment: Walmart’s nationwide rollout of contactless payments will add Apple Pay acceptance across its U.S. stores, websites and apps. The move expands Apple Pay’s reach and strengthens Apple’s services ecosystem. Walmart Adds Apple Pay Nationwide
• Neutral Sentiment: Options activity showed a modestly bullish bias, with calls outnumbering puts, while implied volatility remained below its 52-week median. However, the signal was not strong enough to establish a decisive near-term direction. Apple Options Sentiment
• Neutral Sentiment: Apple’s leadership change on September 1 is creating both opportunity and uncertainty. Bank of America maintains a Buy view but says Ternus must deliver more surprising products and technologies because the company has become increasingly predictable. Apple Must Relearn How to Surprise
• Negative Sentiment: Apple reportedly cut more than 200 positions tied to Siri and the Vision Pro headset while redirecting resources toward future devices. The restructuring may improve efficiency, but it also highlights execution challenges in AI and spatial computing.
• Negative Sentiment: Analysts have warned that Apple’s insulation from macroeconomic and competitive headwinds is fading. With shares trading at a high earnings multiple, investors may be less tolerant of slower growth, regulatory pressure and delays in AI products. Apple’s Immunity to Headwinds Is Fading
• Negative Sentiment: Reports that Apple is quietly shifting attention toward China add geopolitical and demand risk, while its substantial tax settlement and filings highlighting large profits routed through Ireland could renew regulatory scrutiny.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 1,439 shares under a prearranged Rule 10b5-1 plan. The transaction is relatively small and does not necessarily signal a change in fundamentals, but it provides a modest negative headline.

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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