Apple Inc. (NASDAQ:AAPL) Holdings Lessened by Town & Country Bank & Trust CO dba First Bankers Trust CO

Town & Country Bank & Trust CO dba First Bankers Trust CO decreased its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,795 shares of the iPhone maker’s stock after selling 1,051 shares during the quarter. Apple makes up about 3.8% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings, making the stock its 2nd largest position. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Apple were worth $7,218,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Donald L. Hagan LLC grew its stake in Apple by 0.3% in the 1st quarter. Donald L. Hagan LLC now owns 18,220 shares of the iPhone maker’s stock worth $3,181,000 after acquiring an additional 61 shares during the period. Goodwin Daniel L grew its stake in Apple by 0.5% in the 1st quarter. Goodwin Daniel L now owns 12,761 shares of the iPhone maker’s stock worth $2,230,000 after acquiring an additional 62 shares during the period. Opus Capital Group LLC grew its stake in Apple by 0.3% in the 1st quarter. Opus Capital Group LLC now owns 19,081 shares of the iPhone maker’s stock worth $3,332,000 after acquiring an additional 63 shares during the period. Norwood Financial Corp grew its stake in Apple by 0.9% in the 1st quarter. Norwood Financial Corp now owns 7,025 shares of the iPhone maker’s stock worth $1,227,000 after acquiring an additional 65 shares during the period. Finally, Investors Research Corp grew its stake in Apple by 0.4% in the 1st quarter. Investors Research Corp now owns 16,117 shares of the iPhone maker’s stock worth $2,814,000 after acquiring an additional 66 shares during the period. Hedge funds and other institutional investors own 57.72% of the company’s stock.

Insider Buying and Selling

In related news, CFO Luca Maestri sold 96,735 shares of the stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the sale, the chief financial officer now owns 110,673 shares in the company, valued at $19,362,241.35. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Luca Maestri sold 96,735 shares of the stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the sale, the chief financial officer now owns 110,673 shares in the company, valued at $19,362,241.35. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 25,000 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the sale, the senior vice president now owns 427,334 shares in the company, valued at approximately $70,411,823.18. The disclosure for this sale can be found here. 0.06% of the stock is owned by company insiders.

Apple Stock Performance

Shares of Apple stock opened at $150.43 on Friday. The firm has a market cap of $2.42 trillion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. The firm’s 50-day simple moving average is $160.32 and its 200-day simple moving average is $155.78. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.82 and a current ratio of 0.86. Apple Inc. has a 1 year low of $129.04 and a 1 year high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last issued its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.06. The business had revenue of $82.96 billion for the quarter, compared to analyst estimates of $82.97 billion. Apple had a net margin of 25.71% and a return on equity of 152.97%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.30 EPS. Equities analysts forecast that Apple Inc. will post 6.1 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Monday, August 8th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.92 annualized dividend and a yield of 0.61%. Apple’s dividend payout ratio (DPR) is 15.18%.

Wall Street Analyst Weigh In

AAPL has been the subject of several recent analyst reports. Wedbush lifted their target price on shares of Apple from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 17th. Wells Fargo & Company lowered their price objective on shares of Apple from $205.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, July 20th. Fundamental Research set a $177.07 price objective on shares of Apple and gave the company a “buy” rating in a research note on Thursday, August 4th. Evercore ISI boosted their price objective on shares of Apple from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Sanford C. Bernstein set a $170.00 price objective on shares of Apple in a research note on Monday, September 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $181.68.

Apple Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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