Keybank National Association OH Lowers Stake in Apple Inc. $AAPL

Posted by Brenda Bartman on Jul 14th, 2026

Keybank National Association OH cut its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 0.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,829,888 shares of the iPhone maker’s stock after selling 20,005 shares during the period. Apple makes up about 4.5% of Keybank National Association OH’s portfolio, making the stock its 2nd biggest holding. Keybank National Association OH’s holdings in Apple were worth $1,225,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Apple by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker’s stock worth $387,749,545,000 after buying an additional 26,856,752 shares in the last quarter. State Street Corp raised its position in shares of Apple by 1.1% in the 4th quarter. State Street Corp now owns 604,056,505 shares of the iPhone maker’s stock valued at $164,218,801,000 after buying an additional 6,555,392 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Apple by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 358,032,517 shares of the iPhone maker’s stock valued at $97,031,587,000 after buying an additional 1,866,103 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Apple by 0.6% during the 4th quarter. Morgan Stanley now owns 230,483,035 shares of the iPhone maker’s stock worth $62,659,118,000 after acquiring an additional 1,379,651 shares during the period. Finally, Norges Bank bought a new stake in shares of Apple during the 4th quarter worth approximately $52,266,468,000. 67.73% of the stock is currently owned by institutional investors.

Apple Trading Up 0.6%

NASDAQ AAPL opened at $317.31 on Tuesday. The company has a market cap of $4.66 trillion, a price-to-earnings ratio of 38.37, a price-to-earnings-growth ratio of 2.74 and a beta of 1.10. Apple Inc. has a twelve month low of $201.50 and a twelve month high of $323.45. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The business’s fifty day moving average is $300.47 and its 200 day moving average is $275.60.

Apple (NASDAQ:AAPL – Get Free Report) last issued its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06. The business had revenue of $111.18 billion during the quarter, compared to analysts’ expectations of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.65 EPS. As a group, sell-side analysts expect that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. This is an increase from Apple’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, May 11th. Apple’s dividend payout ratio (DPR) is presently 13.06%.

Insider Activity at Apple

In related news, insider Ben Borders sold 1,274 shares of Apple stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $290.00, for a total transaction of $369,460.00. Following the sale, the insider directly owned 38,713 shares in the company, valued at $11,226,770. This trade represents a 3.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevan Parekh sold 1,534 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total transaction of $421,850.00. Following the sale, the chief financial officer directly owned 13,366 shares in the company, valued at $3,675,650. The trade was a 10.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 2,924 shares of company stock valued at $825,546 in the last ninety days. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on AAPL shares. Wedbush restated an “outperform” rating and set a $400.00 price objective on shares of Apple in a research report on Friday, June 5th. KGI Securities downgraded Apple from an “outperform” rating to a “hold” rating and set a $315.00 target price on the stock. in a report on Monday, June 22nd. DA Davidson reiterated a “neutral” rating and issued a $270.00 price target on shares of Apple in a research note on Friday, May 1st. Robert W. Baird set a $310.00 price target on Apple in a report on Friday, May 1st. Finally, Monness Crespi & Hardt upped their price objective on Apple from $315.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $316.32.

View Our Latest Stock Analysis on AAPL

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

Positive Sentiment: Citi raised its price target on Apple to $365 from $315 and kept a Buy rating, saying Apple should keep gaining market share and may benefit from premium iPhone demand, selective price increases, and an upcoming iPhone 18 launch as a catalyst. Article Title
Positive Sentiment: Several reports highlighted Apple’s stock hitting record highs, with analysts arguing the company is benefiting from relative restraint on AI spending versus peers and that investors still see more upside after the recent rally. Article Title
Positive Sentiment: Apple was also tied to a reported acquisition of open-source observability developer SigScalr, which could support its internal data and software tooling efforts. Article Title
Neutral Sentiment: News that Apple sued OpenAI over alleged trade-secret theft is generating headlines and could help Apple strategically if it protects future AI hardware plans, but it also adds legal uncertainty and keeps pressure on the company’s AI narrative. Article Title
Neutral Sentiment: Commentary around Apple’s AI strategy, including reports that it may accelerate chip releases, reflects investor focus on whether the company can keep up in AI-enabled hardware without ramping spending as aggressively as rivals. Article Title
Negative Sentiment: The OpenAI lawsuit could intensify Apple’s legal battles, including renewed scrutiny of App Store fees and broader competitive risks, which may create headline volatility even if the core business remains strong. Article Title

Apple Profile

(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.