Members Trust Co Sells 1,218 Shares of Apple Inc. (NASDAQ:AAPL)

Members Trust Co lessened its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 6.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,012 shares of the iPhone maker’s stock after selling 1,218 shares during the quarter. Apple makes up approximately 0.1% of Members Trust Co’s investment portfolio, making the stock its 22nd largest position. Members Trust Co’s holdings in Apple were worth $2,463,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AAPL. Pinnacle Wealth Planning Services Inc. raised its holdings in Apple by 5.4% during the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 92,975 shares of the iPhone maker’s stock worth $12,711,000 after purchasing an additional 4,777 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Apple by 1.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,659,226 shares of the iPhone maker’s stock worth $637,009,000 after purchasing an additional 69,287 shares during the last quarter. Carson Advisory Inc. grew its position in shares of Apple by 7.6% during the 2nd quarter. Carson Advisory Inc. now owns 22,494 shares of the iPhone maker’s stock worth $3,075,000 after buying an additional 1,591 shares during the period. Athena Investment Management grew its position in shares of Apple by 8.7% during the 2nd quarter. Athena Investment Management now owns 19,246 shares of the iPhone maker’s stock worth $2,631,000 after buying an additional 1,543 shares during the period. Finally, Janiczek Wealth Management LLC grew its position in shares of Apple by 2.3% during the 2nd quarter. Janiczek Wealth Management LLC now owns 19,786 shares of the iPhone maker’s stock worth $3,215,000 after buying an additional 436 shares during the period. Institutional investors own 57.72% of the company’s stock.

Insider Activity at Apple

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

Analysts Set New Price Targets

Several analysts have recently commented on AAPL shares. Credit Suisse Group set a $184.00 price objective on shares of Apple in a research report on Thursday, November 17th. Citigroup reaffirmed a “buy” rating and set a $175.00 price objective on shares of Apple in a research report on Tuesday, November 8th. Bank Of America (Bofa) downgraded shares of Apple from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $189.00 to $160.00 in a research report on Friday, September 30th. Barclays reduced their price objective on shares of Apple from $156.00 to $144.00 and set an “equal weight” rating for the company in a research report on Monday, November 7th. Finally, Sanford C. Bernstein set a $170.00 price target on shares of Apple in a research report on Monday, September 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus target price of $176.26.

Apple Trading Down 2.2 %

NASDAQ AAPL opened at $148.01 on Tuesday. Apple Inc. has a one year low of $129.04 and a one year high of $182.94. The business’s fifty day moving average is $146.78 and its 200-day moving average is $149.71. The stock has a market capitalization of $2.35 trillion, a price-to-earnings ratio of 24.22, a PEG ratio of 1.93 and a beta of 1.25. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85.

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

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date 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.

Further Reading

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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