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Commerce Bank Dives into Apple with $1.24 Billion Stake

Guavy AI Editorial Team
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AAPL
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Commerce Bank has invested $1.24 billion in Apple Inc., purchasing 4,274,243 shares of its stock in the second quarter.

This investment accounts for about 5.4% of Commerce Bank's holdings, making it the bank's second-largest holding after Apple.

Other large investors have also increased their stakes in Apple, including Deutsche Bank AG and Mitsubishi UFJ Asset Management Co. Ltd.

Analysts remain optimistic about Apple's prospects, with a consensus rating of 'Moderate Buy' and a target price of $340.14.

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