CHICAGO TRUST Co NA Sells 184 Shares of Apple Inc. (NASDAQ:AAPL)

CHICAGO TRUST Co NA cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 149,035 shares of the iPhone maker’s stock after selling 184 shares during the quarter. Apple makes up approximately 6.6% of CHICAGO TRUST Co NA’s holdings, making the stock its largest holding. CHICAGO TRUST Co NA’s holdings in Apple were worth $37,321,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. EFG Asset Management Americas Corp. grew its stake in shares of Apple by 44.6% in the 2nd quarter. EFG Asset Management Americas Corp. now owns 76,494 shares of the iPhone maker’s stock worth $16,111,000 after purchasing an additional 23,588 shares during the last quarter. Chicago Capital LLC lifted its position in Apple by 4.9% in the 2nd quarter. Chicago Capital LLC now owns 545,774 shares of the iPhone maker’s stock worth $114,951,000 after buying an additional 25,585 shares in the last quarter. Mine & Arao Wealth Creation & Management LLC. increased its position in Apple by 1.3% in the 2nd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 91,668 shares of the iPhone maker’s stock worth $19,307,000 after purchasing an additional 1,169 shares during the last quarter. Motiv8 Investments LLC increased its stake in shares of Apple by 18.8% during the 2nd quarter. Motiv8 Investments LLC now owns 7,579 shares of the iPhone maker’s stock worth $1,597,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Oxbow Advisors LLC raised its stake in shares of Apple by 0.3% in the 2nd quarter. Oxbow Advisors LLC now owns 118,929 shares of the iPhone maker’s stock valued at $25,049,000 after acquiring an additional 356 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of research analyst reports. Moffett Nathanson reaffirmed a “sell” rating and set a $188.00 price objective (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $262.00 price target on shares of Apple in a report on Monday, January 27th. JPMorgan Chase & Co. upped their price target on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Jefferies Financial Group cut Apple from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $211.84 to $200.75 in a research note on Thursday, January 30th. Finally, TD Cowen restated a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $242.52.

Insider Buying and Selling at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.06% of the company’s stock.

Apple Stock Up 0.4 %

AAPL stock opened at $245.83 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The stock has a market capitalization of $3.69 trillion, a P/E ratio of 39.02, a P/E/G ratio of 2.43 and a beta of 1.20. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The business has a 50-day moving average of $240.52 and a 200-day moving average of $232.29.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, sell-side analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. Apple’s dividend payout ratio is presently 15.87%.

Apple Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.