NBT Bank N.A. Acquires New Holdings in Apple Inc. $AAPL

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of AAPL. Isthmus Partners LLC grew its stake in shares of Apple by 1.5% during the third quarter. Isthmus Partners LLC now owns 93,538 shares of the iPhone maker’s stock worth $31,150,000 after buying an additional 1,361 shares during the last quarter. Root Financial Partners LLC lifted its stake in shares of Apple by 5.7% in the 3rd quarter. Root Financial Partners LLC now owns 133,250 shares of the iPhone maker’s stock valued at $44,375,000 after acquiring an additional 7,151 shares during the last quarter. Carter Financial Group INC. lifted its stake in shares of Apple by 0.3% in the 3rd quarter. Carter Financial Group INC. now owns 22,476 shares of the iPhone maker’s stock valued at $7,485,000 after acquiring an additional 71 shares during the last quarter. Precedent Wealth Partners LLC boosted its holdings in shares of Apple by 11.5% during the 3rd quarter. Precedent Wealth Partners LLC now owns 29,907 shares of the iPhone maker’s stock valued at $9,960,000 after acquiring an additional 3,076 shares in the last quarter. Finally, Cadinha & Co. LLC boosted its holdings in shares of Apple by 102.1% during the 3rd quarter. Cadinha & Co. LLC now owns 58,917 shares of the iPhone maker’s stock valued at $19,621,000 after acquiring an additional 29,770 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 46,389 shares of Apple stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $333.42, for a total value of $15,467,020.38. Following the transaction, the senior vice president directly owned 136,810 shares of the company’s stock, valued at $45,615,190.20. The trade was a 25.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 the company’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $332.94, for a total value of $8,460,671.28. Following the completion of the sale, the chief executive officer owned 59,567 shares in the company, valued at $19,832,236.98. The trade was a 29.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 290,212 shares of company stock valued at $96,639,685. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of Apple stock opened at $348.56 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $355.38. The stock has a market cap of $5.07 trillion, a price-to-earnings ratio of 38.86, a P/E/G ratio of 3.38 and a beta of 1.07. The company’s fifty day moving average is $337.27 and its 200 day moving average is $299.52.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data 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. The business had revenue of $114.48 billion during the quarter, compared to the consensus estimate of $113.40 billion. Apple had a return on equity of 125.35% and a net margin of 27.60%. Apple’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.85 earnings per share. Sell-side analysts forecast that Apple Inc. will post 9.44 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Thursday, November 12th will be given 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 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

Wall Street Analyst Weigh In

AAPL has been the subject of a number of recent research reports. KeyCorp reaffirmed an “underweight” rating and issued a $250.00 target price on shares of Apple in a report on Tuesday, November 3rd. Jefferies Financial Group reiterated an “underperform” rating on shares of Apple in a research report on Wednesday, September 9th. Oppenheimer reissued a “market perform” rating on shares of Apple in a research note on Thursday, September 10th. Rosenblatt Securities restated a “neutral” rating and set a $303.00 price target on shares of Apple in a report on Tuesday, November 3rd. Finally, Weiss Ratings raised Apple from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Two 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $343.74.

Apple Company 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.