Fulton Bank N.A. Sells 3,126 Shares of Apple Inc. $AAPL

Fulton Bank N.A. lessened its stake in Apple Inc. (NASDAQ:AAPL) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 272,148 shares of the iPhone maker’s stock after selling 3,126 shares during the quarter. Apple accounts for about 2.4% of Fulton Bank N.A.’s portfolio, making the stock its 9th largest holding. Fulton Bank N.A.’s holdings in Apple were worth $69,297,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. American National Bank & Trust raised its position in Apple by 1.6% during the third quarter. American National Bank & Trust now owns 198,684 shares of the iPhone maker’s stock valued at $50,591,000 after acquiring an additional 3,202 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. grew its stake in shares of Apple by 28.9% during the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 185,014 shares of the iPhone maker’s stock worth $47,110,000 after purchasing an additional 41,502 shares during the period. Hedeker Wealth LLC increased its holdings in shares of Apple by 0.5% during the 3rd quarter. Hedeker Wealth LLC now owns 61,840 shares of the iPhone maker’s stock valued at $15,746,000 after purchasing an additional 303 shares in the last quarter. Synergy Asset Management LLC lifted its stake in shares of Apple by 104.6% in the 3rd quarter. Synergy Asset Management LLC now owns 327,944 shares of the iPhone maker’s stock valued at $83,504,000 after purchasing an additional 167,625 shares during the period. Finally, apricus wealth LLC boosted its holdings in Apple by 3.5% during the third quarter. apricus wealth LLC now owns 15,053 shares of the iPhone maker’s stock worth $3,833,000 after buying an additional 506 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays lifted their price objective on shares of Apple from $180.00 to $230.00 and gave the company an “underweight” rating in a report on Friday, October 31st. Citigroup restated a “buy” rating and issued a $315.00 price target (down previously from $330.00) on shares of Apple in a research note on Tuesday. The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a research report on Wednesday, December 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Apple in a research report on Monday, December 29th. Finally, TD Cowen upped their target price on Apple from $275.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $283.62.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is integrating Google’s Gemini into Siri, which should materially improve Apple’s voice/AI capabilities and enhance product competitiveness. With Gemini Powering Apple’s Siri, Alphabet Could Soon Be the Undisputed AI Leader
• Positive Sentiment: Evercore reiterated an Outperform/Buy stance with a $330 price target, highlighting upside into Apple’s upcoming earnings and the iPhone 17 cycle. Apple Stock (AAPL) Remains a Top Pick for Evercore Ahead of Q1 Earnings
• Positive Sentiment: Citi projects Apple will ship millions of $2,000 foldable iPhones this year, supporting potential upside in unit growth and higher ASPs if production scales. Apple will ship millions of $2,000 foldable iPhones this year: Citi
• Positive Sentiment: Goldman and other brokers are framing recent weakness as a buying opportunity ahead of January 29 earnings, citing strong iPhone revenue forecasts. ‘Buy the Dip,’ Says Goldman as Apple Pulls Back on Near-Term Concerns
• Neutral Sentiment: Firm-level notes and letters point to Apple’s Q4 rebound and improved China smartphone share, which support fundamentals but are already priced into some analyst models. Apple (AAPL) Continued to Rebound in Q4
• Negative Sentiment: Macro risk: tech stocks led a selloff after renewed Trump rhetoric around Greenland/tariffs, hitting Apple with broad Magnificent Seven weakness despite company-specific positives. America’s Biggest Tech Stocks Lead Tuesday’s Selloff as Trump’s Greenland Rhetoric Rattles Markets
• Negative Sentiment: Despite analyst upgrades, traders sold AAPL — a disconnect highlighted by coverage noting a near‑3% intraday slide amid risk-off positioning. Apple stock tumbles nearly 3% despite analyst upgrade: here’s why
• Negative Sentiment: Regulatory watch: an important antitrust date in India (Jan. 27) adds near‑term uncertainty that could affect services and distribution in a key market. Dear Apple Stock Fans, Mark Your Calendars for January 27
• Negative Sentiment: Bearish commentary (e.g., 24/7 Wall St.) warns Apple could underperform peers this year, which may deepen sentiment-driven selling if momentum fades. This Magnificent 7 Stock Will Plunge This Year

Insider Activity at Apple

In other news, insider Chris Kondo sold 3,752 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $271.23, for a total value of $1,017,654.96. Following the transaction, the insider directly owned 15,098 shares of the company’s stock, valued at approximately $4,095,030.54. This trade represents a 19.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.06% of the stock is owned by company insiders.

Apple Stock Performance

NASDAQ AAPL opened at $246.70 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.89 and a quick ratio of 0.86. The stock’s 50 day simple moving average is $270.94 and its 200-day simple moving average is $249.55. The company has a market cap of $3.63 trillion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 2.39 and a beta of 1.09. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $288.62.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, topping the consensus estimate of $1.74 by $0.11. Apple had a return on equity of 164.05% and a net margin of 26.92%.The firm had revenue of $102.47 billion during the quarter, compared to analysts’ expectations of $101.65 billion. During the same period in the previous year, the business earned $1.64 earnings per share. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 10th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s dividend payout ratio is presently 13.92%.

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.