Apple Inc. $AAPL Stake Reduced by SouthState Bank Corp

SouthState Bank Corp cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 10.1% in the third quarter, HoldingsChannel.com reports. The firm owned 446,214 shares of the iPhone maker’s stock after selling 50,102 shares during the quarter. Apple accounts for about 5.2% of SouthState Bank Corp’s investment portfolio, making the stock its 2nd largest holding. SouthState Bank Corp’s holdings in Apple were worth $113,620,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Futures Ltd Liability Co. lifted its position in shares of Apple by 13.2% during the second quarter. Financial Futures Ltd Liability Co. now owns 3,552 shares of the iPhone maker’s stock worth $729,000 after purchasing an additional 415 shares in the last quarter. Monarch Capital Management Inc. lifted its holdings in Apple by 4.6% during the 2nd quarter. Monarch Capital Management Inc. now owns 66,967 shares of the iPhone maker’s stock worth $13,740,000 after buying an additional 2,920 shares in the last quarter. Riverwater Partners LLC boosted its position in Apple by 17.9% in the 2nd quarter. Riverwater Partners LLC now owns 5,404 shares of the iPhone maker’s stock valued at $1,109,000 after buying an additional 819 shares during the period. Highland Capital Management LLC boosted its position in Apple by 2.2% in the 3rd quarter. Highland Capital Management LLC now owns 397,834 shares of the iPhone maker’s stock valued at $101,301,000 after buying an additional 8,446 shares during the period. Finally, Citizens Financial Group Inc. RI grew its stake in shares of Apple by 48.4% in the third quarter. Citizens Financial Group Inc. RI now owns 1,426,605 shares of the iPhone maker’s stock worth $363,256,000 after acquiring an additional 465,393 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s multi-day product blitz emphasizes AI across iPhones, iPads and new Macs — a strategy that could drive an AI-led upgrade cycle and lift long-term revenue and services monetization. Apple’s Brand-New Products Represent an Aggressive AI Push
• Positive Sentiment: Apple launched the low-cost MacBook Neo (starts at $599) to gain share in education and price‑sensitive segments — expands addressable market and could seed future ecosystem spending. Apple debuts $599 MacBook Neo to challenge Chromebooks, Windows PCs
• Positive Sentiment: Wedbush reiterated an Outperform rating and $350 target after the product announcements — a bullish sell‑side view that implies meaningful upside if Apple executes on AI hardware. Wedbush maintains $350 Apple target as product blitz reinforces AI hardware push
• Positive Sentiment: Bernstein reiterated a Buy and $340 target, citing an AI-driven upgrade cycle and new form factors as favorable risk/reward — another supportive analyst view. Apple: AI-Driven Upgrade Cycle and Emerging Form Factors Create Favorable Risk‑Reward at $340 Target Price
• Neutral Sentiment: Apple TV expanding to Roku increases distribution for streaming/subscriptions — positive for ecosystem but modest near-term revenue impact. Apple TV Hits Roku Premium Subscriptions
• Neutral Sentiment: Reports on Apple Watch battery drain and replacement timing are consumer‑facing but unlikely to move fundamentals materially. Apple Watch Battery Draining Fast: When Do You Need a Battery Replacement?
• Negative Sentiment: Barclays raised its price target to $248 but kept an Underweight rating — the note signals limited near‑term upside from current levels and likely contributed to selling pressure. Barclays Increases Apple (NASDAQ:AAPL) Price Target to $248.00
• Negative Sentiment: Apple also raised prices on higher-end MacBook Air/Pro models as M5 chips roll out; coupled with a global memory‑chip shortage, investors worry about demand elasticity and margin impact. Apple raises MacBook prices across the board as M5 chips, new displays signal AI-first strategy

Apple Trading Down 0.5%

NASDAQ AAPL opened at $262.52 on Thursday. The firm’s fifty day moving average is $264.14 and its two-hundred day moving average is $260.06. Apple Inc. has a one year low of $169.21 and a one year high of $288.62. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.94 and a current ratio of 0.97. The firm has a market cap of $3.85 trillion, a PE ratio of 33.19, a P/E/G ratio of 2.35 and a beta of 1.10.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share for the quarter, topping 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 firm had revenue of $143.76 billion during the quarter, compared to the consensus estimate of $138.25 billion. During the same period last year, the company earned $2.40 earnings per share. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. Analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.4%. Apple’s payout ratio is currently 13.15%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AAPL. Royal Bank Of Canada set a $325.00 price objective on Apple in a research report on Monday, February 2nd. UBS Group reiterated a “neutral” rating on shares of Apple in a report on Wednesday. Monness Crespi & Hardt raised their price objective on shares of Apple from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, January 30th. DA Davidson reiterated a “neutral” rating and set a $270.00 target price on shares of Apple in a research note on Friday, January 30th. Finally, Barclays increased their target price on Apple from $239.00 to $248.00 and gave the company an “underweight” rating in a report on Tuesday. One investment analyst has 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 company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $297.56.

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.