Apple Inc. $AAPL Stock Position Reduced by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 8.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,516 shares of the iPhone maker’s stock after selling 4,389 shares during the period. Apple makes up 3.3% of OLD Second National Bank of Aurora’s holdings, making the stock its 5th largest position. OLD Second National Bank of Aurora’s holdings in Apple were worth $16,490,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Apple by 4.7% in the second quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker’s stock worth $182,897,769,000 after purchasing an additional 28,321,085 shares during the period. Berkshire Hathaway Inc bought a new position in Apple in the 2nd quarter valued at about $65,950,297,000. Bank of America Corp DE acquired a new position in Apple during the 2nd quarter valued at about $36,986,090,000. Legal & General Group Plc acquired a new position in Apple during the 2nd quarter valued at about $30,443,242,000. Finally, Amundi increased its stake in Apple by 23.2% during the 1st quarter. Amundi now owns 73,082,616 shares of the iPhone maker’s stock valued at $18,547,637,000 after buying an additional 13,780,080 shares during the period. Institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on AAPL. Citic Securities boosted their price target on shares of Apple from $300.00 to $349.00 in a research report on Thursday, August 6th. JPMorgan Chase & Co. decreased their price objective on shares of Apple from $360.00 to $355.00 and set an “overweight” rating for the company in a report on Tuesday, November 3rd. Phillip Securities lowered shares of Apple from a “hold” rating to a “moderate sell” rating in a research note on Friday, November 6th. Monness Crespi & Hardt reissued a “buy” rating and set a $355.00 target price on shares of Apple in a report on Wednesday, October 28th. Finally, TD Cowen dropped their target price on Apple from $400.00 to $390.00 and set a “buy” rating on the stock in a report on Tuesday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $347.11.

Apple Price Performance

Shares of Apple stock opened at $355.63 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average price is $337.88 and its two-hundred day moving average price is $300.06. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $355.91. The stock has a market cap of $5.17 trillion, a PE ratio of 39.65, a price-to-earnings-growth ratio of 3.35 and a beta of 1.07.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.11. Apple had a net margin of 27.60% and a return on equity of 125.35%. The company had revenue of $114.48 billion during the quarter, compared to the consensus estimate of $113.40 billion. During the same period in the prior year, the company earned $1.85 EPS. Apple’s revenue was up 11.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Apple Inc. will post 9.45 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Thursday, November 12th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, November 12th. Apple’s payout ratio is presently 12.04%.

Top Apple Stories

Here are a few of the latest stories about AAPL:

• Positive Sentiment: China Renaissance upgraded Apple to Buy from Hold and raised its price target to $425, citing growth potential from Apple’s first foldable iPhone. The bullish outlook helped support shares. Analyst raises Apple price target to $425
• Neutral Sentiment: Google is rolling out Gemini Live on Apple CarPlay, bringing another conversational AI option to iPhone users’ cars. This adds functionality to the CarPlay platform, though it also highlights competition for Apple’s own assistant. Google brings Gemini Live to Apple CarPlay
• Negative Sentiment: Some analysts and commentators argue the shares look expensive after a strong run, raising the risk that high expectations could limit further gains if growth or margins disappoint. Apple shares look expensive heading into 2027

Insiders Place Their Bets

In related news, CEO John Ternus sold 25,412 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the completion of the sale, the chief executive officer directly owned 59,567 shares of the company’s stock, valued at $19,832,236.98. This represents a 29.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Ben Borders sold 1,280 shares of the firm’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $345.40, for a total transaction of $442,112.00. Following the sale, the insider owned 38,288 shares of the company’s stock, valued at $13,224,675.20. The trade was a 3.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 290,212 shares of company stock worth $96,639,685. Company insiders own 0.06% of the company’s stock.

About Apple

Apple Inc. designs, manufactures and markets consumer electronics, software and digital services. Its products include the iPhone, Mac computers, iPad, Apple Watch and AirPods, along with operating systems and applications such as iOS, macOS and iPadOS. The company also offers services including the App Store, Apple Music, Apple TV+, iCloud and Apple Pay. These products and services are integrated across Apple’s devices and are sold to consumers, businesses and institutions around the world. Founded in 1976 and headquartered in Cupertino, California, Apple serves customers globally through online and retail stores, wireless carriers and other resellers.