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Apple Inc. $AAPL Holdings Trimmed by First American Bank
First American Bank reduced its stake in Apple Inc. (NASDAQ:AAPL) by 1.3% in Q4, although Apple remains its largest holding. This trimming comes despite Apple beating Q1 earnings estimates and experiencing a surge in iPhone shipments in China. Additionally, two Apple executives, SVP Deirdre O’Brien and CEO Tim Cook, sold significant shares under Rule 10b5-1 plans in early April, while the company maintains a “Moderate Buy” analyst consensus.