Legacy Private Trust Co. Decreases Position in Apple Inc. $AAPL

Legacy Private Trust Co. cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.5% in the fourth quarter, HoldingsChannel reports. The fund owned 192,654 shares of the iPhone maker’s stock after selling 2,985 shares during the period. Apple makes up approximately 3.1% of Legacy Private Trust Co.’s holdings, making the stock its 5th largest holding. Legacy Private Trust Co.’s holdings in Apple were worth $52,375,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gryphon Financial Partners LLC raised its stake in Apple by 2.0% during the 4th quarter. Gryphon Financial Partners LLC now owns 167,567 shares of the iPhone maker’s stock worth $45,555,000 after acquiring an additional 3,325 shares during the period. Genesis Private Wealth LLC lifted its holdings in Apple by 7.1% during the fourth quarter. Genesis Private Wealth LLC now owns 6,300 shares of the iPhone maker’s stock valued at $1,713,000 after purchasing an additional 415 shares in the last quarter. Old Port Advisors boosted its position in shares of Apple by 7.2% in the fourth quarter. Old Port Advisors now owns 36,648 shares of the iPhone maker’s stock worth $9,963,000 after purchasing an additional 2,476 shares during the period. Wedmont Private Capital boosted its position in shares of Apple by 2.8% in the fourth quarter. Wedmont Private Capital now owns 282,853 shares of the iPhone maker’s stock worth $73,635,000 after purchasing an additional 7,836 shares during the period. Finally, Hutchens & Kramer Investment Management Group LLC increased its stake in shares of Apple by 8.0% in the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 14,168 shares of the iPhone maker’s stock worth $3,852,000 after purchasing an additional 1,051 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Performance

AAPL opened at $248.80 on Friday. 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 stock has a market capitalization of $3.65 trillion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.40 and a beta of 1.10. The company has a fifty day moving average of $260.24 and a 200 day moving average of $262.47. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $288.62.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, January 29th. The iPhone maker reported $2.84 EPS for the quarter, topping the consensus estimate of $2.67 by $0.17. Apple had a net margin of 27.04% and a return on equity of 159.94%. The business had revenue of $143.76 billion for the quarter, compared to analysts’ expectations of $138.25 billion. During the same quarter in the previous year, the company earned $2.40 EPS. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, February 9th. Apple’s payout ratio is currently 13.15%.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Wedbush says 2026 could be a significant product year and raises upside potential (they reiterate Outperform and a $350 target), framing WWDC and AI-driven hardware as major catalysts. Apple in focus as Wedbush calls 2026 a ‘significant’ product launch year ahead of WWDC
• Positive Sentiment: Apple hired ex-Google executive Lilian Rincon as VP of product marketing for AI — a concrete senior hire to accelerate Siri/AI positioning and marketing. Apple hires ex-Google executive to head AI marketing amid push to improve Siri
• Positive Sentiment: Multiple reports say Apple will open Siri to rival AI assistants (Gemini, Claude, etc.) in iOS 27 — this pivot can broaden iPhone AI capabilities without Apple building everything in‑house. Apple Plans to Open Up Siri to Rival AI Assistants in iOS 27 Update
• Positive Sentiment: Services continue to grow (reported ~14% y/y, Apple TV and gaming aiding strength) — recurring high‑margin revenue supports earnings upside even if hardware cycles lag. Strong Streaming & Game Content Aids Apple’s Services: What’s Ahead?
• Positive Sentiment: Apple expands U.S. manufacturing program, adding Bosch, Cirrus Logic, TDK and Qnity and committing $400M — reduces supply‑chain risk and supports domestic sourcing narrative. Apple adds Bosch, Cirrus Logic, others to US manufacturing program, to invest $400 million
• Positive Sentiment: Apple is granting rare large stock bonuses to iPhone designers to curb talent departures to AI firms — a retention step to protect future product execution. Apple Drops Six Figure Bonuses To Stop iPhone Talent Exodus
• Neutral Sentiment: An analyst tweak: Erste trimmed FY2027 EPS slightly — minimal change to consensus, but worth watching for estimate revisions. Apple Inc. analyst note (Erste Group) via MarketBeat
• Neutral Sentiment: Steve Wozniak publicly criticizes AI and says he hardly uses it — a reputational/PR datapoint but unlikely to move fundamentals. Apple cofounder Steve Wozniak admits he’s ‘disappointed a lot’ by AI and hardly uses it
• Negative Sentiment: Broader tech sector weakness — Nasdaq slide, Meta legal losses and geopolitical worries are pressuring tech stocks, which is dragging AAPL despite company‑specific positives. Tech stocks suffer worst week in nearly a year, driven down by war worries, Meta legal woes
• Negative Sentiment: Reports that Apple has discontinued the Mac Pro and abandoned future updates could concern pro users and niche revenue, though impact on total revenue is limited. Apple reportedly discontinues Mac Pro, abandons plans for future updates

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AAPL shares. Citigroup restated a “buy” rating and set a $315.00 price objective (down from $330.00) on shares of Apple in a research report on Tuesday, January 20th. Moffett Nathanson increased their price target on Apple from $241.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Barclays raised their price target on Apple from $239.00 to $248.00 and gave the company an “underweight” rating in a report on Tuesday, March 3rd. KeyCorp restated a “sector weight” rating on shares of Apple in a research report on Thursday, March 12th. Finally, Evercore reaffirmed an “outperform” rating on shares of Apple in a research note on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average target price of $297.58.

Apple Company Profile

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.