FARMERS & MERCHANTS TRUST Co OF LONG BEACH decreased its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 11.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 126,110 shares of the iPhone maker’s stock after selling 16,511 shares during the quarter. Apple makes up about 6.8% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings, making the stock its 3rd largest position. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Apple were worth $32,111,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. ROSS JOHNSON & Associates LLC increased its stake in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after acquiring an additional 180 shares during the period. LSV Asset Management acquired a new position in Apple during the 4th quarter worth approximately $65,000. Nexus Investment Management ULC raised its stake in shares of Apple by 333.3% during the 2nd quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock worth $53,000 after buying an additional 200 shares in the last quarter. Morgan Dempsey Capital Management LLC lifted its holdings in shares of Apple by 41.0% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 430 shares of the iPhone maker’s stock valued at $88,000 after buying an additional 125 shares during the period. Finally, HFM Investment Advisors LLC acquired a new position in Apple during the first quarter worth $99,000. 67.73% of the stock is owned by hedge funds and other institutional investors.
More Apple News
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Apple preparing to allow third‑party voice AI/chatbots (ChatGPT, Gemini, Claude) in CarPlay — a strategic shift that could boost in‑car services, user engagement and partnerships across the AI ecosystem. Apple plans to allow external voice-controlled AI chatbots in CarPlay
- Positive Sentiment: Strong Q1 results (higher‑than‑expected revenue and EPS, large iPhone sales) continue to support investor confidence and explain why AAPL is outperforming many Big Tech peers after the AI‑led sell‑off.
- Positive Sentiment: EU says Apple Ads and Apple Maps should not be designated under the Digital Markets Act — avoids potential regulatory constraints and commercial disruption in Europe. Apple Ads and Apple Maps should not be designated under Digital Markets Act, says EU
- Positive Sentiment: Analyst support and bullish price targets remain — several firms have reiterated Outperform/Overweight calls and above‑consensus targets (median recent target ~$310), underpinning investor interest. Evercore ISI stays Outperform on Apple
- Positive Sentiment: Inclusion in new Big Tech ETF offerings and continued institutional buying signal durable demand from funds and passive vehicles. Big Tech Core: New Burney ETF Packs Apple, Nvidia, Google, Broadcom Punch
- Neutral Sentiment: Short‑interest data currently shows anomalies (reporting zeros/NaN) and offers no clear signal on bearish positioning — not market‑moving as reported.
- Neutral Sentiment: Global memory‑chip shortages raise questions about iPhone pricing vs. margin trade‑offs; could preserve margins (price increases) or dent volume if Apple raises prices — impact unclear near term. Pricier iPhones? Global memory chip crunch puts spotlight on Apple
- Negative Sentiment: Apple has scaled back its AI health‑coach initiative (project “Mulberry”), highlighting execution and monetization challenges for new paid services tied to health/wearables. That could temper parts‑of‑services growth expectations. Apple Scales Back AI Health Coach Plans
- Negative Sentiment: Ongoing insider selling is visible in regulatory filings; while routine at large cap firms, it can be interpreted negatively by some investors when concentrated.
Apple Stock Performance
Apple (NASDAQ:AAPL – Get Free Report) last announced its earnings results on Thursday, January 29th. The iPhone maker reported $2.84 EPS for the quarter, beating the consensus estimate of $2.67 by $0.17. Apple had a return on equity of 159.94% and a net margin of 27.04%.The business had revenue of $143.76 billion for the quarter, compared to the consensus estimate of $138.25 billion. During the same period last year, the business posted $2.40 EPS. The company’s revenue was up 15.7% on a year-over-year basis. Equities analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.
Apple Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 12th. Investors of record on Monday, February 9th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, February 9th. Apple’s dividend payout ratio (DPR) is 13.15%.
Analyst Ratings Changes
Several analysts recently commented on the stock. Raymond James Financial reiterated a “market perform” rating on shares of Apple in a research note on Friday, January 2nd. Wedbush reiterated an “outperform” rating and set a $350.00 price target on shares of Apple in a research report on Wednesday, January 28th. Maxim Group upgraded Apple from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a report on Friday, January 30th. Rosenblatt Securities lifted their price objective on Apple from $250.00 to $267.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $315.00 target price (up previously from $305.00) on shares of Apple in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $291.70.
Check Out Our Latest Analysis on AAPL
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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