Lcnb Corp Has $7.18 Million Stock Position in Apple Inc. $AAPL

Lcnb Corp trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,335 shares of the iPhone maker’s stock after selling 699 shares during the quarter. Apple accounts for approximately 2.6% of Lcnb Corp’s investment portfolio, making the stock its 7th largest holding. Lcnb Corp’s holdings in Apple were worth $7,183,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AAPL. Advanced Portfolio Management LLC grew its position in Apple by 0.3% during the 4th quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker’s stock worth $3,260,000 after purchasing an additional 47 shares during the period. Salus Financial Advisors LLC grew its position in Apple by 3.9% during the 1st quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock worth $291,000 after purchasing an additional 49 shares during the period. Disciplined Investments LLC grew its position in Apple by 0.7% during the 4th quarter. Disciplined Investments LLC now owns 7,166 shares of the iPhone maker’s stock worth $1,794,000 after purchasing an additional 51 shares during the period. Sharpepoint LLC grew its position in Apple by 3.5% during the 1st quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker’s stock worth $322,000 after purchasing an additional 51 shares during the period. Finally, Redwood Financial Network Corp grew its position in Apple by 0.6% during the 4th quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker’s stock worth $2,184,000 after purchasing an additional 53 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Apple Price Performance

NASDAQ:AAPL opened at $239.69 on Monday. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $260.10. The stock has a 50 day moving average of $219.28 and a two-hundred day moving average of $212.40. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The firm has a market cap of $3.56 trillion, a P/E ratio of 36.37, a price-to-earnings-growth ratio of 2.50 and a beta of 1.11.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, topping the consensus estimate of $1.43 by $0.14. The company had revenue of $94.04 billion during the quarter, compared to analyst estimates of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.Apple’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 EPS. On average, analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple’s dividend payout ratio is presently 15.78%.

Analyst Ratings Changes

AAPL has been the topic of a number of analyst reports. Wedbush restated an “outperform” rating and set a $270.00 target price on shares of Apple in a research report on Wednesday, September 3rd. Evercore ISI restated an “outperform” rating and issued a $250.00 price objective on shares of Apple in a research report on Wednesday, August 13th. Barclays boosted their price objective on Apple from $173.00 to $180.00 and gave the company an “underweight” rating in a research report on Friday, August 1st. UBS Group boosted their price objective on Apple from $210.00 to $220.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Finally, Loop Capital cut their price objective on Apple from $230.00 to $226.00 and set a “hold” rating for the company in a research report on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $239.05.

Insider Transactions at Apple

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the company’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $223.20, for a total value of $7,772,047.20. Following the completion of the sale, the senior vice president directly owned 136,687 shares in the company, valued at $30,508,538.40. This represents a 20.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is currently owned by 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.