CHICAGO TRUST Co NA Cuts Stock Holdings in Apple Inc. (NASDAQ:AAPL)

CHICAGO TRUST Co NA lowered its position in Apple Inc. (NASDAQ:AAPLFree Report) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,023 shares of the iPhone maker’s stock after selling 2,798 shares during the quarter. Apple makes up approximately 6.0% of CHICAGO TRUST Co NA’s holdings, making the stock its biggest position. CHICAGO TRUST Co NA’s holdings in Apple were worth $23,802,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC lifted its position in shares of Apple by 116,483.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock worth $74,002,245,000 after purchasing an additional 569,066,184 shares during the last quarter. Norges Bank bought a new stake in Apple during the 4th quarter worth approximately $21,746,940,000. Morgan Stanley boosted its position in Apple by 14.2% in the 4th quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock valued at $27,110,586,000 after buying an additional 25,926,552 shares during the last quarter. Barclays PLC lifted its stake in shares of Apple by 60.0% in the 2nd quarter. Barclays PLC now owns 46,932,352 shares of the iPhone maker’s stock valued at $9,103,464,000 after purchasing an additional 17,604,799 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in shares of Apple by 154.9% in the 2nd quarter. Osaic Holdings Inc. now owns 23,295,770 shares of the iPhone maker’s stock valued at $1,729,270,000 after purchasing an additional 14,157,430 shares during the period. Hedge funds and other institutional investors own 58.51% of the company’s stock.

Insider Activity at Apple

In related news, insider Chris Kondo sold 4,806 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $184.04, for a total transaction of $884,496.24. Following the transaction, the insider now owns 34,687 shares in the company, valued at $6,383,795.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Chris Kondo sold 4,806 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $184.04, for a total transaction of $884,496.24. Following the transaction, the insider now owns 34,687 shares in the company, valued at $6,383,795.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 123,448 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $188.79, for a total transaction of $23,305,747.92. Following the sale, the senior vice president now directly owns 293,266 shares of the company’s stock, valued at $55,365,688.14. The disclosure for this sale can be found here. Insiders have sold a total of 133,767 shares of company stock worth $25,248,740 over the last quarter. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the topic of several recent analyst reports. Barclays reduced their target price on Apple from $160.00 to $158.00 and set an “underweight” rating on the stock in a report on Friday, February 2nd. KeyCorp reiterated a “sector weight” rating on shares of Apple in a report on Monday, October 30th. DA Davidson started coverage on Apple in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price target on the stock. Morgan Stanley boosted their price target on Apple from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 8th. Finally, Wedbush restated an “outperform” rating and issued a $250.00 price target on shares of Apple in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $205.72.

View Our Latest Research Report on Apple

Apple Price Performance

Shares of AAPL opened at $189.41 on Thursday. The firm’s 50-day simple moving average is $190.59 and its two-hundred day simple moving average is $184.18. The stock has a market cap of $2.92 trillion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 2.25 and a beta of 1.31. Apple Inc. has a fifty-two week low of $143.90 and a fifty-two week high of $199.62. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07.

Apple (NASDAQ:AAPLGet Free Report) last issued its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.09. The firm had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.88 earnings per share. Analysts anticipate that Apple Inc. will post 6.57 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 12th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.51%. Apple’s dividend payout ratio (DPR) is 14.95%.

About Apple

(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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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