Apple Inc. $AAPL is Citizens Business Bank’s 5th Largest Position

Citizens Business Bank raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,964 shares of the iPhone maker’s stock after acquiring an additional 3,806 shares during the quarter. Apple makes up 3.2% of Citizens Business Bank’s investment portfolio, making the stock its 5th biggest holding. Citizens Business Bank’s holdings in Apple were worth $19,088,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Isthmus Partners LLC increased its stake in Apple by 6.4% in the third quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker’s stock valued at $25,000 after purchasing an additional 5,808 shares during the last quarter. Sellwood Investment Partners LLC lifted its position in shares of Apple by 110.9% during the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock worth $34,000 after buying an additional 71 shares during the last quarter. ROSS JOHNSON & Associates LLC lifted its position in shares of Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after buying an additional 180 shares during the last quarter. Nexus Investment Management ULC boosted its holdings in shares of Apple by 333.3% in the 2nd quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock valued at $53,000 after buying an additional 200 shares in the last quarter. Finally, LSV Asset Management acquired a new position in shares of Apple in the 4th quarter valued at $65,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several research analyst reports. Royal Bank Of Canada set a $325.00 price target on shares of Apple in a research note on Monday, February 2nd. Stifel Nicolaus set a $330.00 price objective on shares of Apple in a research note on Monday, March 2nd. UBS Group reaffirmed a “neutral” rating on shares of Apple in a report on Wednesday, March 4th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Apple in a research report on Wednesday, March 4th. Finally, TD Cowen reissued a “buy” rating and issued a $325.00 target price on shares of Apple in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $297.58.

Apple Stock Performance

Shares of AAPL stock opened at $260.83 on Wednesday. The stock’s 50-day moving average price is $263.04 and its 200 day moving average price is $261.18. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $3.83 trillion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $288.62.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $0.17. Apple had a return on equity of 159.94% and a net margin of 27.04%.The company had revenue of $143.76 billion during the quarter, compared to analysts’ expectations of $138.25 billion. During the same period last year, the firm earned $2.40 EPS. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s dividend payout ratio (DPR) is currently 13.15%.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: India manufacturing surge lowers China concentration and tariff risk — Apple now makes roughly 25% of iPhones after a ~53% increase in India production last year, reducing geopolitical/tariff exposure and supporting margin resilience. Apple now makes one in four iPhones in India: report
• Positive Sentiment: Move into lower‑priced devices could grow ecosystem and unit volumes — coverage highlights Apple’s new budget‑friendly iPhone 17e and a $599 MacBook Neo as deliberate steps to expand market share while protecting services revenue. Apple’s Newest Phone and Laptop Are More Budget-Friendly. Premium Products Could Be Next
• Positive Sentiment: Analyst support remains — Citi reiterated a Buy and $315 target, citing resilient margins, expanding services and emerging AI upside, which underpins upside narratives despite cost pressures. Apple: Resilient Margins, Expanding Services, and Emerging AI Upside Support Buy Rating and $315 Target
• Neutral Sentiment: PC market dynamics could be a relative winner for Apple — analysis suggests industry weakness (memory cost shock) may hurt rivals more than Apple, potentially supporting Mac share gains. The PC Collapse Has a Winner — and It’s Not Who You Think
• Neutral Sentiment: Supplier shifts and competitor headlines — Bank of America warns Qualcomm faces loss of Apple business; this is more a negative for Qualcomm but signals Apple’s growing in‑house or alternate sourcing strategies. Qualcomm faces loss of Apple business, competitive pressures, says Bank of America
• Negative Sentiment: Siri/AI issues delaying smart‑home hardware — Reported Siri troubles have pushed back a smart home display launch, signaling execution and AI software risks for new product lines. Apple’s Siri Troubles Put Smart Home Display On Hold
• Negative Sentiment: Regulatory friction in Europe — German publishers say Apple’s revised app tracking rules don’t fix antitrust concerns and urge fines, adding potential regulatory/legal risk to its services/advertising ecosystem. German publishers reject Apple’s revised app tracking rules, urge antitrust fine
• Negative Sentiment: Memory cost headwinds — Coverage flags rising DRAM prices as a near‑term margin pressure (a possible ~140bps headwind), which could temper profit expansion even as revenue grows. Apple Stock — Why Analysts Still Like It Despite A Memory Squeeze

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.