Apple Inc. (NASDAQ:AAPL) Stock Holdings Cut by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA reduced its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 2.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 159,591 shares of the iPhone maker’s stock after selling 3,690 shares during the quarter. Apple accounts for approximately 5.5% of CHICAGO TRUST Co NA’s portfolio, making the stock its largest holding. CHICAGO TRUST Co NA’s holdings in Apple were worth $21,819,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AAPL. CFS Investment Advisory Services LLC lifted its holdings in Apple by 18,263.5% during the first quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock valued at $47,000 after purchasing an additional 7,416,445 shares during the last quarter. Spence Asset Management purchased a new stake in Apple during the second quarter valued at about $49,000. HBC Financial Services PLLC lifted its holdings in Apple by 21.7% during the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares during the last quarter. Emerson Wealth LLC lifted its holdings in Apple by 363.6% during the first quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock valued at $71,000 after purchasing an additional 320 shares during the last quarter. Finally, Darrow Company Inc. purchased a new stake in Apple during the second quarter valued at about $107,000. 57.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apple

In related news, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $155.95, for a total value of $27,493,829.05. Following the completion of the sale, the chief financial officer now directly owns 110,673 shares in the company, valued at approximately $17,259,454.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Deirdre O’brien sold 8,053 shares of Apple stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $142.45, for a total value of $1,147,149.85. Following the completion of the sale, the senior vice president now directly owns 136,290 shares in the company, valued at approximately $19,414,510.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $155.95, for a total value of $27,493,829.05. Following the completion of the sale, the chief financial officer now owns 110,673 shares of the company’s stock, valued at $17,259,454.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 360,651 shares of company stock valued at $53,703,645. 0.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AAPL shares. Itaú Unibanco assumed coverage on shares of Apple in a report on Tuesday, July 26th. They set an “underperform” rating and a $136.00 price objective on the stock. set a $175.00 price target on shares of Apple in a report on Friday, July 29th. Evercore ISI increased their price target on shares of Apple from $185.00 to $190.00 and gave the stock an “outperform” rating in a report on Tuesday, September 20th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Apple from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, October 28th. Finally, Fundamental Research raised their target price on shares of Apple to $168.50 and gave the company a “buy” rating in a research note on Tuesday, November 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $176.26.

Apple Stock Performance

NASDAQ:AAPL opened at $151.29 on Monday. The stock has a market cap of $2.41 trillion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 1.93 and a beta of 1.25. The firm’s fifty day simple moving average is $147.08 and its 200 day simple moving average is $149.77. Apple Inc. has a twelve month low of $129.04 and a twelve month high of $182.94. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, beating the consensus estimate of $1.27 by $0.02. The business had revenue of $90.15 billion during the quarter, compared to analyst estimates of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 earnings per share. As a group, research analysts predict that Apple Inc. will post 6.26 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Friday, November 4th. Apple’s dividend payout ratio is currently 15.06%.

Apple Company 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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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