Town & Country Bank & Trust CO dba First Bankers Trust CO Has $8.72 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Town & Country Bank & Trust CO dba First Bankers Trust CO cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,806 shares of the iPhone maker’s stock after selling 833 shares during the period. Apple makes up 3.4% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings, making the stock its 3rd biggest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Apple were worth $8,716,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AAPL. High Net Worth Advisory Group LLC boosted its holdings in Apple by 1.7% during the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after purchasing an additional 1,066 shares during the last quarter. Amara Financial LLC. purchased a new position in Apple during the third quarter worth about $288,000. Sterling Investment Counsel LLC boosted its holdings in Apple by 3.8% during the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock worth $16,269,000 after purchasing an additional 2,565 shares during the last quarter. Silicon Valley Capital Partners boosted its holdings in Apple by 12.8% during the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock worth $59,122,000 after purchasing an additional 28,799 shares during the last quarter. Finally, Catalyst Financial Partners LLC boosted its holdings in Apple by 4.2% during the third quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock worth $22,505,000 after purchasing an additional 3,935 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $218.27 on Friday. The company has a market cap of $3.28 trillion, a P/E ratio of 34.65, a PEG ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a one year low of $164.08 and a one year high of $260.10. The business’s 50-day simple moving average is $231.82 and its 200 day simple moving average is $233.26.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. Apple’s dividend payout ratio is currently 15.87%.

Analyst Ratings Changes

A number of research firms have weighed in on AAPL. Evercore ISI boosted their target price on shares of Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday. Raymond James raised their price objective on shares of Apple to $250.00 and gave the stock a “buy” rating in a report on Monday, January 20th. Jefferies Financial Group reissued an “underperform” rating on shares of Apple in a report on Wednesday, February 19th. TD Cowen reissued a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Finally, Wells Fargo & Company raised their price target on shares of Apple to $275.00 and gave the company a “buy” rating in a report on Monday, December 9th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average target price of $243.65.

About Apple

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.