Town & Country Bank & Trust CO dba First Bankers Trust CO Decreases Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Town & Country Bank & Trust CO dba First Bankers Trust CO lowered its position in Apple Inc. (NASDAQ:AAPL) by 15.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,639 shares of the iPhone maker’s stock after selling 6,400 shares during the quarter. Apple comprises approximately 3.2% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s portfolio, making the stock its 4th largest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Apple were worth $8,304,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Physician Wealth Advisors Inc. grew its position in Apple by 0.4% in the third quarter. Physician Wealth Advisors Inc. now owns 75,131 shares of the iPhone maker’s stock worth $17,569,000 after acquiring an additional 333 shares in the last quarter. Carderock Capital Management Inc. grew its position in Apple by 1.2% in the third quarter. Carderock Capital Management Inc. now owns 59,491 shares of the iPhone maker’s stock worth $13,861,000 after acquiring an additional 680 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in Apple by 2.7% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 80,036 shares of the iPhone maker’s stock worth $18,648,000 after acquiring an additional 2,073 shares in the last quarter. Amplius Wealth Advisors LLC grew its position in Apple by 0.7% in the third quarter. Amplius Wealth Advisors LLC now owns 59,163 shares of the iPhone maker’s stock worth $13,785,000 after acquiring an additional 385 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC grew its position in Apple by 1.6% in the third quarter. Regent Peak Wealth Advisors LLC now owns 110,808 shares of the iPhone maker’s stock worth $25,818,000 after acquiring an additional 1,744 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Evercore ISI reiterated a “buy” rating and issued a $250.00 target price on shares of Apple in a research report on Thursday, September 26th. JPMorgan Chase & Co. restated an “overweight” rating and set a $265.00 price target on shares of Apple in a research report on Tuesday, September 10th. Oppenheimer restated a “buy” rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, October 1st. StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Rosenblatt Securities upped their price target on shares of Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.68.

Insider Buying and Selling

In other news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the transaction, the chief operating officer now owns 489,944 shares in the company, valued at $111,148,695.84. This represents a 10.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 408,170 shares of company stock worth $92,007,745. 0.06% of the stock is owned by insiders.

Apple Trading Down 0.1 %

NASDAQ:AAPL opened at $242.84 on Friday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $244.63. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The company’s 50 day moving average price is $230.53 and its 200-day moving average price is $221.62. The stock has a market cap of $3.67 trillion, a price-to-earnings ratio of 39.94, a PEG ratio of 2.38 and a beta of 1.23.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. During the same quarter last year, the company posted $1.46 earnings per share. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. On average, equities research analysts forecast that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.41%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio is currently 16.45%.

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.