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

Field & Main Bank reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,218 shares of the iPhone maker’s stock after selling 1,257 shares during the quarter. Apple accounts for 6.7% of Field & Main Bank’s holdings, making the stock its 2nd biggest holding. Field & Main Bank’s holdings in Apple were worth $19,086,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. High Net Worth Advisory Group LLC increased its holdings in Apple by 1.7% in the 3rd quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock valued at $14,916,000 after buying an additional 1,066 shares during the period. Amara Financial LLC. acquired a new stake in shares of Apple during the 3rd quarter worth approximately $288,000. Sterling Investment Counsel LLC increased its stake in Apple by 3.8% in the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after acquiring an additional 2,565 shares during the last quarter. Silicon Valley Capital Partners raised its position in Apple by 12.8% during the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock valued at $59,122,000 after purchasing an additional 28,799 shares in the last quarter. Finally, Catalyst Financial Partners LLC lifted its stake 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. Institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

NASDAQ:AAPL opened at $220.73 on Tuesday. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The business’s fifty day moving average is $231.54 and its 200 day moving average is $233.41. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm has a market cap of $3.32 trillion, a price-to-earnings ratio of 35.04, a PEG ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AAPL shares. Raymond James upped their price objective on Apple to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 20th. KeyCorp reissued an “underweight” rating and issued a $200.00 target price on shares of Apple in a report on Friday, January 31st. Bank of America upped their price objective on shares of Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Jefferies Financial Group restated an “underperform” rating on shares of Apple in a research report on Wednesday, February 19th. Finally, TD Cowen reiterated a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $243.65.

Apple 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.