Apple Inc. $AAPL Shares Newly Purchased by NBT Bank N.A.

NBT Bank N.A. bought a new stake in shares of Apple Inc. (NASDAQ:AAPL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 249,682 shares of the iPhone maker’s stock, valued at approximately $83,149,000. Apple makes up approximately 5.6% of NBT Bank N.A.’s investment portfolio, making the stock its 2nd largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Berkshire Hathaway Inc acquired a new stake in Apple during the second quarter worth approximately $65,950,297,000. Bank of America Corp DE bought a new stake in Apple in the second quarter worth approximately $36,986,090,000. Legal & General Group Plc bought a new stake in Apple in the second quarter worth approximately $30,443,242,000. Deutsche Bank AG acquired a new position in Apple in the second quarter valued at approximately $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Apple in the second quarter valued at approximately $10,588,946,000. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, CFO Kevan Parekh sold 1,392 shares of the firm’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $345.05, for a total value of $480,309.60. Following the transaction, the chief financial officer directly owned 17,539 shares of the company’s stock, valued at approximately $6,051,831.95. This trade represents a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO John Ternus sold 25,412 shares of Apple stock in a transaction dated 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 transaction, the chief executive officer 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 SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 290,212 shares of company stock worth $96,639,685 in the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AAPL. Citigroup restated a “buy” rating on shares of Apple in a report on Thursday, September 10th. Phillip Securities downgraded shares of Apple from a “hold” rating to a “moderate sell” rating in a research report on Friday, November 6th. Sanford C. Bernstein lifted their price objective on shares of Apple from $370.00 to $380.00 and gave the company a “buy” rating in a research note on Wednesday, November 4th. Rothschild & Co Redburn set a $400.00 target price on shares of Apple and gave the company a “buy” rating in a research report on Monday, August 17th. Finally, HSBC reissued a “buy” rating on shares of Apple in a research note on Tuesday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $343.74.

Apple Trading Down 0.6%

Shares of Apple stock opened at $348.56 on Wednesday. The stock has a market capitalization of $5.07 trillion, a PE ratio of 38.86, a price-to-earnings-growth ratio of 3.38 and a beta of 1.07. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $355.38. The stock has a 50 day moving average price of $337.27 and a two-hundred day moving average price of $299.52. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.94 and a current ratio of 1.02.

Apple (NASDAQ:AAPL) last issued its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.11. Apple had a return on equity of 125.35% and a net margin of 27.60%. The company had revenue of $114.48 billion for the quarter, compared to analyst estimates of $113.40 billion. During the same period in the prior year, the firm earned $1.85 earnings per share. Apple’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities analysts anticipate that Apple Inc. will post 9.44 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple has held up better than many Big Tech peers and recently reached record territory, with investors appearing to favor its restrained AI infrastructure spending compared with peers’ heavy investment. That approach may help preserve cash and margins, though it also raises questions about its AI competitiveness. Apple Is Holding Strong While Big Tech Sells Off. Is It Next?
• Positive Sentiment: Apple Intelligence cleared a regulatory step for use on tablets and laptops in China, potentially expanding the service’s reach in a key market. Apple Intelligence registers with Chinese regulator
• Neutral Sentiment: Apple is reportedly holding capital spending steady while rivals accelerate AI infrastructure investment. This could support cash generation, but investors may also question whether the company is investing enough to keep pace in AI. Apple holds capex steady as peers accelerate AI infrastructure buildout
• Negative Sentiment: Binance warned that an iOS vulnerability could allow malicious apps to access data from other apps, potentially exposing crypto-wallet keys and credentials. Uncertainty over affected versions and whether updates resolve the flaw could create security and reputational concerns. Binance warns iOS flaw could expose crypto wallet keys
• Negative Sentiment: Reports of worker deaths at an Indian supplier and an ensuing investigation raise potential supply-chain, operational and reputational risks as Apple expands manufacturing in India. Apple faces major supplier investigation after 3 worker deaths
• Negative Sentiment: Valuation concerns and a reported memory-cost squeeze could pressure expectations. KeyCorp also cut its fiscal 2027 EPS forecast to $8.34 from $9.08 and maintains an Underweight rating with a $250 price target, well below the consensus forecast cited in the report. Apple Is Above $5 Trillion After Its First-Ever Close Above $350

Apple Profile

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.