--- title: "Community Trust & Investment Co. Sells 2,748 Shares of Apple Inc. $AAPL" type: "News" locale: "en" url: "https://longbridge.com/en/news/296675941.md" description: "Community Trust & Investment Co. reduced its Apple (AAPL) holdings by 0.7% in Q2, selling 2,748 shares. Meanwhile, other institutions like Vanguard and State Street increased their stakes. Analysts maintain a 'Moderate Buy' consensus with an average price target of $330.53. Key drivers include potential AI strategy enhancements, new product launches like AI Siri and foldable iPhones, and expanded Apple Pay adoption at Walmart." datetime: "2026-08-22T07:36:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296675941.md) - [en](https://longbridge.com/en/news/296675941.md) - [zh-HK](https://longbridge.com/zh-HK/news/296675941.md) generator: "portal-rs" --- # Community Trust & Investment Co. Sells 2,748 Shares of Apple Inc. $AAPL Community Trust & Investment Co. cut its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 0.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 377,257 shares of the iPhone maker's stock after selling 2,748 shares during the period. Apple accounts for approximately 5.6% of Community Trust & Investment Co.'s holdings, making the stock its 3rd biggest holding. Community Trust & Investment Co.'s holdings in Apple were worth $109,163,000 at the end of the most recent quarter. - Is Apple’s AI Strategy Smarter Than Skeptics Think? Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Apple by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock worth $387,749,545,000 after acquiring an additional 26,856,752 shares during the last quarter. State Street Corp raised its holdings in Apple by 1.1% in the fourth quarter. State Street Corp now owns 604,056,505 shares of the iPhone maker's stock worth $164,218,801,000 after purchasing an additional 6,555,392 shares during the period. Geode Capital Management LLC raised its holdings in Apple by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 358,032,517 shares of the iPhone maker's stock worth $97,031,587,000 after purchasing an additional 1,866,103 shares during the period. Morgan Stanley boosted its position in shares of Apple by 0.6% during the fourth quarter. Morgan Stanley now owns 230,483,035 shares of the iPhone maker's stock worth $62,659,118,000 after purchasing an additional 1,379,651 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Apple in the 4th quarter valued at $52,266,468,000. Institutional investors own 67.73% of the company's stock. ## Analyst Upgrades and Downgrades Several research firms have recently weighed in on AAPL. Citigroup reiterated a "buy" rating and set a $365.00 price objective (up from $315.00) on shares of Apple in a report on Monday, July 13th. Royal Bank Of Canada set a $365.00 target price on shares of Apple in a report on Wednesday, July 15th. Monness Crespi & Hardt lifted their price target on shares of Apple from $315.00 to $335.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Barclays reiterated an "underweight" rating and issued a $245.00 price target (down from $253.00) on shares of Apple in a report on Friday, July 31st. Finally, Maxim Group reissued a "buy" rating and set a $350.00 price objective (up from $310.00) on shares of Apple in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $330.53. - Uncle Sam’s Chip Trick: How the Government Built a Silicon Moat **View Our Latest Stock Analysis on Apple** ## Key Headlines Impacting Apple Here are the key news stories impacting Apple this week: - Positive Sentiment: Incoming CEO John Ternus is expected to reassess Apple’s research-and-development budget and potentially increase spending on AI. Analysts see stronger investment in Siri and other AI products as a way to close the gap with technology rivals. Apple Could Get a New R&D and AI Budget - Positive Sentiment: Potential product catalysts include an AI-enhanced Siri expected later this year, camera-equipped AI AirPods targeted for 2027 and a foldable iPhone that one analyst estimates could sell 14 million units by 2027. Successful launches could support a major upgrade cycle. Apple Wants to Pay Publishers to Improve Siri - Positive Sentiment: Walmart’s nationwide rollout of contactless payments will add Apple Pay acceptance across its U.S. stores, websites and apps. The move expands Apple Pay’s reach and strengthens Apple’s services ecosystem. Walmart Adds Apple Pay Nationwide - Neutral Sentiment: Options activity showed a modestly bullish bias, with calls outnumbering puts, while implied volatility remained below its 52-week median. However, the signal was not strong enough to establish a decisive near-term direction. Apple Options Sentiment - Neutral Sentiment: Apple’s leadership change on September 1 is creating both opportunity and uncertainty. Bank of America maintains a Buy view but says Ternus must deliver more surprising products and technologies because the company has become increasingly predictable. Apple Must Relearn How to Surprise - Negative Sentiment: Apple reportedly cut more than 200 positions tied to Siri and the Vision Pro headset while redirecting resources toward future devices. The restructuring may improve efficiency, but it also highlights execution challenges in AI and spatial computing. - Negative Sentiment: Analysts have warned that Apple’s insulation from macroeconomic and competitive headwinds is fading. With shares trading at a high earnings multiple, investors may be less tolerant of slower growth, regulatory pressure and delays in AI products. Apple’s Immunity to Headwinds Is Fading - Negative Sentiment: Reports that Apple is quietly shifting attention toward China add geopolitical and demand risk, while its substantial tax settlement and filings highlighting large profits routed through Ireland could renew regulatory scrutiny. - Negative Sentiment: Senior Vice President Jennifer Newstead sold 1,439 shares under a prearranged Rule 10b5-1 plan. The transaction is relatively small and does not necessarily signal a change in fundamentals, but it provides a modest negative headline. ## Apple Trading Down 0.6% - MarketBeat Week in Review – 08/10 - 08/14 Shares of NASDAQ:AAPL opened at $309.35 on Friday. Apple Inc. has a 52-week low of $224.69 and a 52-week high of $344.57. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The company has a market capitalization of $4.51 trillion, a P/E ratio of 35.48, a price-to-earnings-growth ratio of 2.67 and a beta of 1.09. The company has a 50-day simple moving average of $310.63 and a 200 day simple moving average of $287.04. Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.13. The firm had revenue of $109.42 billion for the quarter, compared to analysts' expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business's revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.57 EPS. Sell-side analysts forecast that Apple Inc. will post 8.76 earnings per share for the current year. ## Apple Announces Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's payout ratio is 12.39%. ## Insider Activity In other Apple news, insider Ben Borders sold 116 shares of the business's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the transaction, the insider owned 38,713 shares of the company's stock, valued at approximately $11,425,754.82. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 1,439 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $307.49, for a total transaction of $442,478.11. Following the completion of the sale, the senior vice president owned 38,668 shares in the company, valued at $11,890,023.32. This represents a 3.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,994 shares of company stock valued at $919,567 in the last ninety days. 0.06% of the stock is currently owned by company insiders. ## About Apple (Free Report) 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. ## See Also - Five stocks we like better than Apple - Blueprint for a Boom: SEC Clears the Crypto Runway - Ross Stores Just Flipped the Off-Price Retail Story After TJX's Marmaxx Miss - Advance Auto Parts Plunged, But Its Turnaround Is Still Working - Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates? **Want to see what other hedge funds are holding AAPL?** Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL - Free Report). *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Apple Right Now? Before you consider Apple, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Apple wasn't on the list. While Apple currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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