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Apple Inc. $AAPL Stake Lowered by Tompkins Financial Corp
Tompkins Financial Corp decreased its stake in Apple Inc. ($AAPL) by 3.5% in the fourth quarter, reducing its holdings to 185,439 shares valued at approximately $50.41 million. Despite this, Apple exceeded quarterly expectations with $2.84 EPS and $143.76 billion revenue, leading to a consensus “Moderate Buy” rating and an average price target of $297.58. The company is exploring AI advancements, expanding U.S. manufacturing, and offering retention bonuses to key designers, contributing to a generally positive outlook amidst some broader tech sector weakness.