Apple Inc. (NASDAQ:AAPL) Holdings Trimmed by Field & Main Bank

Field & Main Bank lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,218 shares of the iPhone maker’s stock after selling 1,257 shares during the quarter. Apple accounts for 6.7% of Field & Main Bank’s investment portfolio, making the stock its 2nd largest holding. Field & Main Bank’s holdings in Apple were worth $19,086,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. High Net Worth Advisory Group LLC grew its stake in Apple by 1.7% in the 3rd quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock valued at $14,916,000 after acquiring an additional 1,066 shares during the last quarter. Amara Financial LLC. acquired a new stake in shares of Apple in the third quarter valued at approximately $288,000. Sterling Investment Counsel LLC increased its stake in shares of Apple by 3.8% during the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock worth $16,269,000 after purchasing an additional 2,565 shares in the last quarter. Silicon Valley Capital Partners raised its position in shares of Apple by 12.8% during the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock worth $59,122,000 after purchasing an additional 28,799 shares during the last quarter. Finally, Catalyst Financial Partners LLC lifted its stake in Apple by 4.2% in the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock valued at $22,505,000 after buying an additional 3,935 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on AAPL shares. Monness Crespi & Hardt increased their price objective on Apple to $245.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Wedbush reaffirmed an “outperform” rating and set a $325.00 price target on shares of Apple in a research note on Friday, March 14th. UBS Group boosted their price objective on shares of Apple to $236.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Rosenblatt Securities restated a “buy” rating and set a $262.00 target price on shares of Apple in a research report on Monday, January 27th. Finally, Bank of America boosted their price target on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $243.65.

Apple Trading Up 1.1 %

NASDAQ AAPL opened at $220.73 on Tuesday. Apple Inc. has a one year low of $164.08 and a one year high of $260.10. 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 firm has a market cap of $3.32 trillion, a P/E ratio of 35.04, a P/E/G ratio of 2.44 and a beta of 1.18. The stock’s 50-day moving average is $231.54 and its 200-day moving average is $233.41.

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

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors 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 yield of 0.45%. Apple’s dividend payout ratio (DPR) is currently 15.87%.

About Apple

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.