Harbour Trust & Investment Management Co Has $54.98 Million Holdings in Apple Inc. $AAPL

Key Points

• Harbour Trust & Investment Management trimmed its Apple stake by 2.3% in the fourth quarter, but still held 202,253 shares valued at about $54.98 million. Apple remained its second-largest position and represented roughly 5.6% of its portfolio.
• Apple reported a strong quarterly beat, with earnings per share of $2.01 versus estimates of $1.95 and revenue of $111.18 billion versus expectations of $109.46 billion. Revenue rose 16.6% year over year, reinforcing momentum in the business.
• The company also raised its quarterly dividend to $0.27 per share from $0.26, while analysts remain broadly constructive with a Moderate Buy consensus and an average price target of $308.74. However, some caution remains around Apple’s elevated valuation and regulatory risks.

Harbour Trust & Investment Management Co decreased its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 202,253 shares of the iPhone maker's stock after selling 4,829 shares during the quarter. Apple makes up about 5.6% of Harbour Trust & Investment Management Co's investment portfolio, making the stock its 2nd largest position. Harbour Trust & Investment Management Co's holdings in Apple were worth $54,984,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Overbrook Management Corp increased its holdings in Apple by 57.4% in 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 last quarter. Citizens Financial Group Inc. RI grew its stake in Apple by 48.4% in the third quarter. Citizens Financial Group Inc. RI now owns 1,426,605 shares of the iPhone maker's stock valued at $363,256,000 after acquiring an additional 465,393 shares during the period. Tufton Capital Management grew its stake in Apple by 4.3% in the third quarter. Tufton Capital Management now owns 100,130 shares of the iPhone maker's stock valued at $25,496,000 after acquiring an additional 4,157 shares during the period. KBC Group NV grew its stake in Apple by 3.1% in the fourth quarter. KBC Group NV now owns 7,044,697 shares of the iPhone maker's stock valued at $1,915,172,000 after acquiring an additional 214,215 shares during the period. Finally, Montis Financial LLC grew its stake in Apple by 15.8% in the third quarter. Montis Financial LLC now owns 77,919 shares of the iPhone maker's stock valued at $19,841,000 after acquiring an additional 10,640 shares during the period. Institutional investors own 67.73% of the company's stock.

Apple Stock Up 1.1%

AAPL stock opened at $302.25 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. The stock has a market capitalization of $4.44 trillion, a P/E ratio of 36.55, a P/E/G ratio of 2.60 and a beta of 1.06. The business has a 50-day moving average of $267.80 and a 200-day moving average of $268.10. Apple Inc. has a fifty-two week low of $193.46 and a fifty-two week high of $303.20.

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

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were given a dividend of $0.27 per share. This is an increase from Apple's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, May 11th. Apple's payout ratio is currently 13.06%.

Analysts Set New Price Targets

AAPL has been the subject of a number of research analyst reports. Stephens set a $315.00 target price on Apple in a research note on Monday, January 26th. Evercore reissued an "outperform" rating and issued a $365.00 target price on shares of Apple in a research note on Thursday, May 14th. DA Davidson reissued a "neutral" rating and issued a $270.00 target price on shares of Apple in a research note on Friday, May 1st. Sanford C. Bernstein reissued an "outperform" rating on shares of Apple in a research note on Wednesday, March 4th. Finally, Rosenblatt Securities boosted their target price on Apple from $268.00 to $276.00 and gave the company a "neutral" rating in a research note 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 given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $308.74.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s App Store fraud prevention system blocked $2.2 billion in fraudulent transactions last year, underscoring the strength and scale of its Services ecosystem. Apple uses AI and human reviews to prevent $2.2B in potential App Store fraud
• Positive Sentiment: Analysts continue to point to Services as a major growth driver for Apple, which could support earnings even as iPhone growth matures. AAPL: Forget the iPhone—Services Will Drive the Next Phase of Growth
• Positive Sentiment: Apple is reportedly offering China price cuts for the 618 holiday, a move that could help its sales and market-share push in a competitive market. Apple cutting prices in China for 618 holiday likely to aid market share push: Wedbush
• Neutral Sentiment: Apple received some favorable media attention after Google’s I/O event, with commentary suggesting Google’s AI showcase may have strengthened expectations that Apple will have room to compete aggressively at WWDC. Google I/O 2026 had nothing to say and said it badly ahead of Apple's WWDC
• Neutral Sentiment: Reports that Apple is reorganizing its hardware team and pushing more AI-powered features suggest a product-development refresh, but the impact on near-term earnings is unclear. Apple reportedly plans hardware team shake up to ramp up future devices
• Negative Sentiment: KeyBanc turned cautious on Apple, warning that valuation looks stretched and suggesting the stock may be due for profit-taking. KeyBanc Turns Cautious on Apple Stock as Valuation Concerns Grow. It’s Due for Profit-Taking.
• Negative Sentiment: Apple remains exposed to regulatory and strategic risks, including an Indian court order to cooperate in an App Store antitrust probe and ongoing concerns about AI feature delays. Apple ordered by Indian court to 'fully cooperate' in iPhone App Store antitrust probe

Insider Transactions at Apple

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

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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