<div id="readability-page-1"><p>Chemung Canal Trust Co. grew its position in  Apple Inc. (NASDAQ:AAPL - Free Report) by 40.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor  owned 58,152 shares of the iPhone maker's stock after purchasing an additional 16,746 shares during the period. Apple makes up  approximately  2.7% of Chemung Canal Trust Co.'s investment portfolio, making the stock its 8th largest holding. Chemung Canal Trust Co.'s holdings in Apple were worth $13,549,000 at the end of the most recent reporting period.</p><ul><li>2 Former Pandemic Darlings Eyeing a Big 2025 Turnaround</li></ul><p>Several other institutional investors and hedge funds also recently modified their holdings of the company. Fidelis Capital Partners LLC boosted its stake in shares of  Apple by 17.9% during the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker's stock worth $35,000 after buying an additional 31,278 shares during the last quarter.  Hershey Financial Advisers LLC bought a new stake in  Apple during the second quarter worth about $42,000.  Access Investment Management LLC acquired a new position in  Apple during the first quarter valued at approximately $140,000.  Hoese &amp; Co LLP grew its stake in  Apple by 6.7% in the second quarter. Hoese &amp; Co LLP now owns 912 shares of the iPhone maker's stock valued at $175,000 after purchasing an additional 57 shares in the last quarter.  Finally, Sage Financial Group Inc. acquired a new position in shares of  Apple during the 2nd quarter worth approximately $206,000. 60.41% of the stock is owned by institutional investors and hedge funds. </p><h2>Apple Stock Performance</h2><p>Shares of NASDAQ:AAPL opened at $229.00 on Thursday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The stock has a market capitalization of $3.46 trillion, a price-to-earnings ratio of 37.66, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The company's 50 day simple moving average is $227.47 and its 200 day simple moving average is $217.40. </p><ul><li>Why Buffett Dumped Apple and Bet Big on Domino’s Stock Instead</li></ul><p>Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. During the same quarter last year, the company posted $1.46 EPS. The company's revenue for the quarter was up 6.1% compared to the same quarter last year.  As a group, research analysts predict that  Apple Inc. will post 7.43 EPS for the current fiscal year. </p><h2>Apple Announces Dividend</h2><p>The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date of this dividend  was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple's payout ratio is currently 16.45%. </p><h2>Insider Activity at Apple</h2><ul><li>MarketBeat Week in Review – 11/11 - 11/15</li></ul><p>In other news, insider Chris Kondo sold 4,130 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 59,730 shares of the company's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total value of $13,550,347.80. Following the completion of the transaction, the chief operating officer now directly owns 489,944 shares of the company's stock, valued at $111,148,695.84. This represents a 10.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 408,170 shares of company stock valued at $92,007,745. 0.06% of the stock is owned by insiders. </p><h2>Analyst Upgrades and Downgrades</h2><p>Several equities research analysts have recently commented on AAPL shares. Melius Research  reissued a &#34;buy&#34; rating and issued a $265.00 price objective on shares of Apple in a report on Tuesday, August 27th. Loop Capital decreased their price objective on shares of Apple from $300.00 to $275.00 and set a &#34;buy&#34; rating for the company in a research report on Monday, November 4th. Morgan Stanley  reaffirmed an &#34;overweight&#34; rating and issued a $273.00 target price on shares of Apple in a report on Tuesday, September 10th. Tigress Financial lifted their price target on Apple from $245.00 to $295.00 and gave the stock a &#34;strong-buy&#34; rating in a report on Wednesday, August 28th. Finally, UBS Group upped their price objective on Apple to $236.00 and gave the company a &#34;hold&#34; rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned  a hold rating, twenty-two have assigned  a buy rating and one  has issued  a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $235.25.</p><p><b>Get Our Latest Stock Analysis on Apple</b></p><h2>Apple Company Profile</h2> (Free Report)<p>Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.</p><h2>Read More</h2><ul><li>Five stocks we like better than Apple</li><li>Business Services Stocks Investing</li><li>Target Results Are Not a Retail Bellwether: Why the Dip Is a Buy</li><li>What Are Dividends? Buy the Best Dividend Stocks</li><li>Williams-Sonoma Stock: Buy It and Never Let It Go</li><li>Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?</li><li>5 Dividend ETFs to Buy and Hold Forever</li></ul><p><strong>Want to see what other hedge funds are holding AAPL?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QUFQTA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QUFQTA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ Missed Nvidia? 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CHMG

AAPL

<p>Chemung Canal Trust Co. increased its stake in Apple Inc. (NASDAQ:AAPL) by 40.4% in Q3, owning 58,152 shares valued at $5.55 million. Apple constitutes 2.7% of its portfolio, making it the 8th largest holding. Other institutional investors also adjusted their positions in Apple. The stock opened at $174.00, with a market cap of $2.46 trillion. Apple reported Q3 earnings of $1.64 EPS, exceeding estimates, and declared a quarterly dividend of $0.25. Insider trading activity included sales by COO Jeffrey E. Williams and insider Chris Kondo.</p>

- Chemung Canal Trust Co. increased its stake in Apple Inc. by 40.4% in Q3, owning 58,152 shares valued at $5,549,000.  
- Other institutional investors also adjusted their holdings, with Fidelis Capital Partners boosting its stake by 17.9% and several firms acquiring new positions.  
- Apple reported Q3 earnings of $1.64 per share, exceeding estimates, with revenue of $90.93 billion, reflecting a 6.1% year-over-year increase.

Chemung Canal Trust Co. Has $13.55 Million Stock Position in Apple Inc. (NASDAQ:AAPL)