Capital City Trust Co. FL Has $23.29 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Capital City Trust Co. FL trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 93,003 shares of the iPhone maker’s stock after selling 666 shares during the period. Apple makes up approximately 5.8% of Capital City Trust Co. FL’s investment portfolio, making the stock its 2nd largest holding. Capital City Trust Co. FL’s holdings in Apple were worth $23,290,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. AMF Tjanstepension AB raised its stake in shares of Apple by 21.1% in the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock worth $787,631,000 after buying an additional 588,427 shares in the last quarter. Latitude Advisors LLC raised its position in Apple by 0.3% in the third quarter. Latitude Advisors LLC now owns 17,236 shares of the iPhone maker’s stock worth $4,016,000 after acquiring an additional 50 shares in the last quarter. Trajan Wealth LLC raised its position in Apple by 9.5% in the third quarter. Trajan Wealth LLC now owns 191,920 shares of the iPhone maker’s stock worth $44,717,000 after acquiring an additional 16,707 shares in the last quarter. Highline Wealth Partners LLC acquired a new stake in Apple in the 3rd quarter valued at about $14,989,000. Finally, Golden State Equity Partners boosted its position in shares of Apple by 2.4% during the 3rd quarter. Golden State Equity Partners now owns 116,184 shares of the iPhone maker’s stock valued at $27,071,000 after purchasing an additional 2,751 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple Trading Up 0.6 %

Shares of AAPL stock opened at $212.50 on Thursday. Apple Inc. has a 12 month low of $169.11 and a 12 month high of $260.10. The business’s 50 day moving average is $213.66 and its two-hundred day moving average is $228.95. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The company has a market cap of $3.19 trillion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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 analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AAPL. Jefferies Financial Group upgraded shares of Apple from an “underperform” rating to a “hold” rating and reduced their target price for the stock from $202.33 to $167.88 in a report on Wednesday, April 9th. JPMorgan Chase & Co. reduced their price objective on Apple from $270.00 to $245.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Tigress Financial boosted their target price on Apple from $295.00 to $300.00 and gave the stock a “strong-buy” rating in a research report on Thursday, April 3rd. Morgan Stanley increased their price target on Apple from $220.00 to $235.00 and gave the company an “overweight” rating in a research report on Monday. Finally, The Goldman Sachs Group cut their price objective on Apple from $259.00 to $256.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average price target of $232.63.

Insider Buying and Selling

In other news, CFO Kevan Parekh sold 4,570 shares of the business’s stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total transaction of $941,420.00. Following the transaction, the chief financial officer now owns 4,569 shares in the company, valued at approximately $941,214. The trade was a 50.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 108,136 shares of the stock in a transaction dated 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 owns 3,280,295 shares of the company’s stock, valued at approximately $733,637,976.75. The trade was a 3.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 187,021 shares of company stock valued at $41,760,140. 0.06% of the stock is owned by company insiders.

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.