CHICAGO TRUST Co NA Sells 3,690 Shares of Apple Inc. (NASDAQ:AAPL)

CHICAGO TRUST Co NA trimmed its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 2.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,591 shares of the iPhone maker’s stock after selling 3,690 shares during the period. Apple comprises about 5.5% of CHICAGO TRUST Co NA’s investment portfolio, making the stock its biggest position. CHICAGO TRUST Co NA’s holdings in Apple were worth $21,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the business. Norwood Financial Corp boosted its position in shares of Apple by 4.1% during the 2nd quarter. Norwood Financial Corp now owns 7,315 shares of the iPhone maker’s stock valued at $1,000,000 after acquiring an additional 290 shares in the last quarter. FDx Advisors Inc. boosted its position in shares of Apple by 483.7% during the 2nd quarter. FDx Advisors Inc. now owns 110,584 shares of the iPhone maker’s stock valued at $15,119,000 after acquiring an additional 91,638 shares in the last quarter. Wealth Effects LLC boosted its position in Apple by 5.9% in the second quarter. Wealth Effects LLC now owns 114,211 shares of the iPhone maker’s stock valued at $15,615,000 after buying an additional 6,368 shares in the last quarter. Candriam S.C.A. boosted its position in Apple by 6.1% in the second quarter. Candriam S.C.A. now owns 3,188,623 shares of the iPhone maker’s stock valued at $435,928,000 after buying an additional 182,945 shares in the last quarter. Finally, Seneca House Advisors boosted its position in Apple by 0.3% in the second quarter. Seneca House Advisors now owns 32,501 shares of the iPhone maker’s stock valued at $4,444,000 after buying an additional 102 shares in the last quarter. 57.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. DA Davidson reduced their price target on shares of Apple from $185.00 to $167.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a research report on Saturday, November 5th. Rosenblatt Securities restated a “buy” rating and issued a $189.00 price target on shares of Apple in a research report on Tuesday, November 8th. Wedbush dropped their target price on shares of Apple from $220.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Finally, Bank Of America (Bofa) downgraded shares of Apple from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $189.00 to $160.00 in a research note on Friday, September 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $176.26.

Apple Trading Up 0.4 %

AAPL opened at $151.29 on Monday. The company’s 50 day moving average is $147.08 and its 200-day moving average is $149.77. Apple Inc. has a 1-year low of $129.04 and a 1-year high of $182.94. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95. The company has a market cap of $2.41 trillion, a P/E ratio of 24.76, a PEG ratio of 1.93 and a beta of 1.25.

Apple (NASDAQ:AAPLGet Rating) last issued 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. The business had revenue of $90.15 billion during the quarter, compared to analyst estimates of $88.77 billion. Apple had a net margin of 25.31% and a return on equity of 160.90%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $1.24 EPS. Equities research analysts predict that Apple Inc. will post 6.26 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 dividend on an annualized basis and a yield of 0.61%. Apple’s dividend payout ratio (DPR) is presently 15.06%.

Insiders Place Their Bets

In other Apple news, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the completion of the transaction, the chief financial officer now owns 110,673 shares in the company, valued at approximately $17,259,454.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Apple news, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the completion of the transaction, the chief financial officer now owns 110,673 shares in the company, valued at approximately $17,259,454.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Deirdre O’brien sold 8,053 shares of the firm’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 136,290 shares of the company’s stock, valued at approximately $19,414,510.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 360,651 shares of company stock worth $53,703,645. 0.06% of the stock is currently owned by insiders.

About Apple

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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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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