SouthState Bank Corp Has $113.62 Million Holdings in Apple Inc. $AAPL

SouthState Bank Corp trimmed its position in Apple Inc. (NASDAQ:AAPL) by 10.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 446,214 shares of the iPhone maker’s stock after selling 50,102 shares during the quarter. Apple comprises approximately 5.2% of SouthState Bank Corp’s holdings, making the stock its 2nd biggest position. SouthState Bank Corp’s holdings in Apple were worth $113,620,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Moffett Nathanson raised their price target on shares of Apple from $241.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Phillip Securities raised shares of Apple from a “moderate sell” rating to a “hold” rating in a report on Sunday, February 1st. Oppenheimer reaffirmed a “market perform” rating on shares of Apple in a research report on Friday, January 30th. Sanford C. Bernstein reissued an “outperform” rating on shares of Apple in a report on Wednesday. Finally, Maxim Group raised Apple from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $297.56.

Apple News Summary

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 Stock Performance

Shares of NASDAQ:AAPL opened at $262.52 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.97 and a quick ratio of 0.94. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $288.62. The firm has a market capitalization of $3.85 trillion, a PE ratio of 33.19, a P/E/G ratio of 2.35 and a beta of 1.10. The business’s 50 day moving average price is $264.14 and its 200-day moving average price is $260.06.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $0.17. The firm had revenue of $143.76 billion for the quarter, compared to analyst estimates of $138.25 billion. Apple had a net margin of 27.04% and a return on equity of 159.94%. Apple’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.40 earnings per share. As a group, equities research analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, February 9th. Apple’s payout ratio is currently 13.15%.

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.