Family Capital Trust Co Sells 1,419 Shares of Apple Inc. (NASDAQ:AAPL)

Family Capital Trust Co decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,231 shares of the iPhone maker’s stock after selling 1,419 shares during the quarter. Apple makes up approximately 4.2% of Family Capital Trust Co’s portfolio, making the stock its 6th biggest position. Family Capital Trust Co’s holdings in Apple were worth $12,328,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AAPL. Howland Capital Management LLC lifted its holdings in Apple by 0.3% in the fourth quarter. Howland Capital Management LLC now owns 414,329 shares of the iPhone maker’s stock valued at $103,756,000 after buying an additional 1,148 shares during the period. Visionary Horizons LLC lifted its position in Apple by 12.3% in the 4th quarter. Visionary Horizons LLC now owns 5,753 shares of the iPhone maker’s stock valued at $1,441,000 after acquiring an additional 628 shares in the last quarter. Quotient Wealth Partners LLC raised its position in Apple by 3.4% in the 4th quarter. Quotient Wealth Partners LLC now owns 75,669 shares of the iPhone maker’s stock valued at $18,949,000 after buying an additional 2,522 shares during the last quarter. Summit Wealth & Retirement Planning Inc. raised its holdings in shares of Apple by 0.6% in the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 28,231 shares of the iPhone maker’s stock valued at $7,070,000 after purchasing an additional 169 shares during the last quarter. Finally, Richard C. Young & CO. LTD. increased its stake in Apple by 1.5% in the 4th quarter. Richard C. Young & CO. LTD. now owns 80,210 shares of the iPhone maker’s stock valued at $20,086,000 after buying an additional 1,205 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Timothy D. Cook sold 108,136 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the sale, the chief executive officer now directly owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. This trade represents a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Katherine L. Adams sold 38,822 shares of Apple stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the completion of the transaction, the senior vice president now directly owns 179,158 shares in the company, valued at approximately $40,072,269.86. This trade represents a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 182,451 shares of company stock worth $40,818,720. 0.06% of the stock is owned by corporate insiders.

Apple Price Performance

AAPL opened at $190.42 on Friday. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. The firm has a market cap of $2.86 trillion, a price-to-earnings ratio of 30.23, a PEG ratio of 2.44 and a beta of 1.26. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The company has a fifty day simple moving average of $223.56 and a 200 day simple moving average of $231.33.

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

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is 15.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AAPL shares. Redburn Partners set a $230.00 target price on Apple in a research note on Friday, January 31st. Rosenblatt Securities reissued a “buy” rating and issued a $263.00 price target on shares of Apple in a report on Thursday, April 3rd. Needham & Company LLC reissued a “buy” rating and set a $260.00 price objective on shares of Apple in a research note on Friday, April 4th. Maxim Group boosted their price target on shares of Apple to $215.00 and gave the stock a “hold” rating in a research note on Friday, February 21st. Finally, UBS Group upped their price objective on Apple to $236.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $240.26.

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.