Apple Inc. (NASDAQ:AAPL) Shares Sold by Field & Main Bank

Field & Main Bank trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 77,475 shares of the iPhone maker’s stock after selling 1,450 shares during the period. Apple makes up about 6.4% of Field & Main Bank’s holdings, making the stock its 2nd largest holding. Field & Main Bank’s holdings in Apple were worth $18,052,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bull Oak Capital LLC raised its holdings in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after acquiring an additional 111 shares during the period. Hershey Financial Advisers LLC bought a new position in shares of Apple during the second quarter worth approximately $42,000. Christopher J. Hasenberg Inc lifted its holdings in Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares during the last quarter. ARK Investment Management LLC bought a new stake in Apple in the 3rd quarter valued at $110,000. Finally, Cordant Inc. grew its holdings in Apple by 34.3% in the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock valued at $158,000 after buying an additional 173 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Stock Up 2.0 %

NASDAQ:AAPL opened at $237.87 on Thursday. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The company has a market cap of $3.58 trillion, a PE ratio of 39.12, a P/E/G ratio of 2.41 and a beta of 1.20. The firm’s 50 day simple moving average is $240.63 and its 200 day simple moving average is $230.52.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. The firm had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.46 earnings per share. On average, research analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Insider Activity

In other Apple news, insider Chris Kondo sold 4,130 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AAPL shares. Wells Fargo & Company lifted their target price on Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Needham & Company LLC reissued a “buy” rating and issued a $260.00 price objective on shares of Apple in a report on Tuesday, December 10th. Jefferies Financial Group downgraded shares of Apple from a “buy” rating to a “hold” rating and lifted their price target for the company from $205.00 to $212.92 in a research report on Monday, October 7th. Sanford C. Bernstein increased their price target on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, UBS Group reaffirmed a “neutral” rating and issued a $236.00 price objective on shares of Apple in a report on Monday, December 2nd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $239.85.

Apple Company Profile

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.