Trust Co. of Vermont Buys Shares of 585,123 Apple Inc. $AAPL

Trust Co. of Vermont purchased a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 585,123 shares of the iPhone maker's stock, valued at approximately $169,311,000. Apple makes up approximately 6.3% of Trust Co. of Vermont's holdings, making the stock its largest holding.

A number of other institutional investors have also recently made changes to their positions in AAPL. Vanguard Group Inc. lifted its stake in Apple by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock worth $387,749,545,000 after purchasing an additional 26,856,752 shares during the last quarter. Nuveen LLC raised its holdings in shares of Apple by 3.8% during the 4th quarter. Nuveen LLC now owns 75,000,920 shares of the iPhone maker's stock valued at $20,389,750,000 after buying an additional 2,725,121 shares in the last quarter. Amundi lifted its position in Apple by 23.2% in the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after buying an additional 13,780,080 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Apple by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 58,554,032 shares of the iPhone maker's stock worth $14,858,200,000 after buying an additional 979,832 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in Apple by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 55,146,752 shares of the iPhone maker's stock valued at $14,992,196,000 after acquiring an additional 704,293 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s new iPhone Duo foldable is generating significant investor interest. Analysts and commentators including Jim Cramer and Gary Black believe demand could be substantial, while some coverage suggests the device could expand Apple’s addressable market and support a longer-term upgrade cycle. Jim Cramer on Apple foldable demand
• Positive Sentiment: Several analysts remain bullish. Bank of America reiterated a Buy rating with a $370 price target, JPMorgan reaffirmed its Buy rating, and Morgan Stanley reportedly increased its conviction as Apple’s hardware and AI offerings become more compelling. Bank of America Apple rating
• Positive Sentiment: Apple had a record Emmy performance, taking home the most awards and strengthening Apple TV+’s position in streaming. The recognition could support customer engagement and Apple’s services strategy, although the direct financial effect is difficult to quantify. Apple Emmy coverage
• Neutral Sentiment: Early iPhone 18 Pro delivery times are shorter than last year’s, producing mixed interpretations: they may indicate softer demand, or consumers may be waiting for the foldable Duo. Apple’s stock is also roughly 4% below its recent high, limiting the margin for disappointment.
• Negative Sentiment: Reports describe iPhone 18 Pro demand as lukewarm, with shorter lead times and some indications of surprisingly weak preorders. Investors are concerned that the standard premium iPhone cycle may not justify Apple’s valuation. Apple iPhone 18 Pro demand
• Negative Sentiment: The redesigned Siri is launching under a beta label with language, regional, device and waitlist restrictions. Reported usage caps and response times of five to 15 seconds could delay the expected AI-driven upgrade cycle. Apple Siri AI rollout
• Negative Sentiment: India’s consumer regulator escalated an investigation into Apple’s software warranty terms and repair costs, creating potential regulatory, reputational and financial risk in an important growth market. India investigation into Apple

Insider Activity

In related news, SVP Jennifer Newstead sold 1,439 shares of the company's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $317.01, for a total value of $456,177.39. Following the transaction, the senior vice president owned 35,790 shares in the company, valued at $11,345,787.90. The trade was a 3.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 7,194 shares of company stock valued at $2,245,142. 0.06% of the stock is owned by insiders.

Apple Stock Performance

Apple stock opened at $331.34 on Wednesday. Apple Inc. has a twelve month low of $236.32 and a twelve month high of $344.57. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $4.84 trillion, a P/E ratio of 38.00, a PEG ratio of 2.89 and a beta of 1.08. The stock's 50 day moving average is $319.02 and its 200 day moving average is $293.47.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) 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 business had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. During the same quarter in the previous year, the business earned $1.57 earnings per share. The firm's quarterly revenue was up 16.4% compared to the same quarter last year. On average, equities research analysts predict that Apple Inc. will post 8.74 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. Stockholders of record on Monday, August 10th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's payout ratio is currently 12.39%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AAPL. Oppenheimer restated a "market perform" rating on shares of Apple in a report on Thursday, September 10th. Citic Securities increased their target price on shares of Apple from $300.00 to $349.00 in a report on Thursday, August 6th. Bank of America reiterated a "buy" rating and issued a $370.00 price target (down from $380.00) on shares of Apple in a report on Thursday, September 10th. Wedbush reiterated an "outperform" rating and set a $400.00 price target on shares of Apple in a research report on Friday, June 5th. Finally, Weiss Ratings raised shares of Apple from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $338.80.

About Apple

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its principal products include the iPhone, Mac computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware products.

Apple's services business includes the App Store, Apple Music, Apple TV, Apple Arcade, Apple Fitness+, Apple News+, Apple Pay and iCloud. These services provide digital content, payments, cloud storage and subscription offerings across the company's ecosystem of devices.

Founded in 1976, Apple is headquartered in Cupertino, California, and serves consumers, businesses, educational institutions and government customers worldwide.

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.