Apple Inc. (NASDAQ:AAPL) is Community Trust & Investment Co.’s 3rd Largest Position

Community Trust & Investment Co. lowered its position in Apple Inc. (NASDAQ:AAPL) by 2.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 363,468 shares of the iPhone maker’s stock after selling 9,327 shares during the period. Apple accounts for approximately 5.6% of Community Trust & Investment Co.’s portfolio, making the stock its 3rd biggest holding. Community Trust & Investment Co.’s holdings in Apple were worth $91,020,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bull Oak Capital LLC boosted its stake in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares during the last quarter. Hershey Financial Advisers LLC purchased a new position in shares of Apple during the 2nd quarter worth $42,000. Christopher J. Hasenberg Inc raised its holdings in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares during the period. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple during the 3rd quarter valued at about $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple in the third quarter valued at about $77,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Activity at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction on Monday, December 16th. The shares were 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 in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.06% of the company’s stock.

Apple Trading Down 0.0 %

AAPL opened at $247.04 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The company has a market cap of $3.71 trillion, a P/E ratio of 39.21, a PEG ratio of 2.44 and a beta of 1.20. The business’s 50-day simple moving average is $240.26 and its 200-day simple moving average is $233.34.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, equities research analysts expect that Apple Inc. will post 7.28 EPS 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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is currently 15.87%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AAPL shares. UBS Group lifted their target price on shares of Apple to $236.00 and gave the stock a “hold” rating in a research note on Tuesday. TD Cowen reaffirmed a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price objective on shares of Apple in a research report on Friday, January 31st. Raymond James raised their target price on Apple to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 20th. Finally, Barclays upped their price target on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $243.88.

Apple Company 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.