4 days Ago By ABMN Staff
Indiana Trust & Investment Management Co trimmed its position in Apple Inc. ( NASDAQ:AAPL – Free Report ) by 3.8% in the fourth quarter, Holdings Channel.
com reports. The institutional investor owned 61,722 shares of the iPhone maker’s stock after selling 2,454 shares during the period. Apple makes up about 5.
3% of Indiana Trust & Investment Management Co’s holdings, making the stock its 3rd largest holding. Indiana Trust & Investment Management Co’s holdings in Apple were worth $15,456,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also bought and sold shares of the company.
AMF Tjanstepension AB lifted its stake in shares of Apple by 21.1% in the third quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock valued at $787,631,000 after buying an additional 588,427 shares during the period.
Latitude Advisors LLC boosted its stake in Apple by 0.3% in the 3rd quarter. Latitude Advisors LLC now owns 17,236 shares of the iPhone maker’s stock valued at $4,016,000 after buying an additional 50 shares in the last quarter.
1858 Wealth Management LLC grew its holdings in shares of Apple by 5.9% in the 3rd quarter. 1858 Wealth Management LLC now owns 33,116 shares of the iPhone maker’s stock worth $7,716,000 after purchasing an additional 1,846 shares during the last quarter.
Berry Wealth Group LP increased its holdings in shares of Apple by 1.5% during the third quarter. Berry Wealth Group LP now owns 40,903 shares of the iPhone maker’s stock worth $9,530,000 after buying an additional 597 shares in the last quarter.
Finally, Little House Capital LLC raised its stake in shares of Apple by 14.2% in the third quarter. Little House Capital LLC now owns 105,070 shares of the iPhone maker’s stock valued at $24,481,000 after acquiring an additional 13,055 shares during the last quarter.
67.73% of the stock is currently owned by institutional investors and hedge funds. Apple Stock Performance AAPL opened at $202.
14 on Wednesday. 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 company has a market capitalization of $3.
04 trillion, a price-to-earnings ratio of 32.09, a P/E/G ratio of 2.44 and a beta of 1.
26. The business’s 50-day moving average price is $221.65 and its two-hundred day moving average price is $230.
79. Apple Inc. has a 1 year low of $164.
08 and a 1 year high of $260.10. Apple Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th.
Investors of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.
00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Monday, February 10th.
Apple’s dividend payout ratio (DPR) is currently 15.87%. Analyst Upgrades and Downgrades A number of equities research analysts recently weighed in on the company.
TD Cowen reaffirmed a “buy” rating on shares of Apple in a report on Tuesday, January 28th. UBS Group upped their price target on shares of Apple to $236.00 and gave the stock a “buy” rating in a research report on Monday.
JPMorgan Chase & Co. lowered their price objective on shares of Apple from $270.00 to $245.
00 and set an “overweight” rating for the company in a research report on Monday. Bank of America dropped their price objective on shares of Apple from $265.00 to $250.
00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Finally, Redburn Partners set a $230.00 price objective on Apple in a research report on Friday, January 31st.
Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average target price of $235.85.
Read Our Latest Research Report on AAPL Insider Activity at Apple In other news, COO Jeffrey E. Williams sold 35,493 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $224.
01, for a total transaction of $7,950,786.93. Following the sale, the chief operating officer now owns 390,059 shares in the company, valued at $87,377,116.
59. This represents a 8.34 % decrease in their position.
The sale was disclosed in a document filed with the SEC, which is available at this link . Also, SVP Katherine L. Adams sold 38,822 shares of the firm’s stock in a transaction on Wednesday, April 2nd.
The shares were sold at an average price of $223.67, for a total transaction of $8,683,316.74.
Following the completion of the transaction, the senior vice president now directly owns 179,158 shares of the company’s stock, valued at $40,072,269.86. This represents a 17.
81 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last 90 days, insiders sold 182,451 shares of company stock valued at $40,818,720.
Corporate insiders own 0.06% of the company’s stock. Apple Company Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc.
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