Apple Loses 1.2% of Its Largest Holding

Community Bank & Trust Waco Texas has reduced its Apple Inc. holdings by 1.2% in the second quarter, according to a recent 13F filing with the Securities & Exchange Commission.

The bank owned approximately 197,613 shares of Apple's stock after selling 2,455 shares during this period. This sale brings the company's Apple holdings down to $57,181,000 at the end of the most recent quarter, which accounts for about 10.3% of its portfolio.

Apple is currently trading up 1.0%, with a market cap of $4.87 trillion and a price-to-earnings ratio of 38.27. The company has reported strong earnings, with $2.02 EPS in the last quarter, beating analysts' expectations.