Apple Inc. $AAPL Holdings Reduced by Country Club Bank

Country Club Bank reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,878 shares of the iPhone maker’s stock after selling 1,705 shares during the quarter. Apple comprises approximately 1.8% of Country Club Bank’s holdings, making the stock its 8th largest position. Country Club Bank’s holdings in Apple were worth $28,529,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AAPL. Ryan Investment Management Inc. bought a new position in shares of Apple during the 2nd quarter valued at about $31,000. ROSS JOHNSON & Associates LLC increased its holdings in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares during the last quarter. Elite Financial Inc. purchased a new stake in shares of Apple in the first quarter worth about $58,000. LSV Asset Management bought a new position in Apple during the fourth quarter valued at approximately $65,000. Finally, HFM Investment Advisors LLC purchased a new position in Apple during the 1st quarter valued at approximately $99,000. Institutional investors own 67.73% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Timothy D. Cook sold 129,963 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the sale, the chief executive officer owned 3,280,295 shares in the company, valued at approximately $842,412,558.95. The trade was a 3.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevan Parekh sold 4,199 shares of the stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the completion of the transaction, the chief financial officer directly owned 8,765 shares of the company’s stock, valued at $2,168,373.35. The trade was a 32.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 259,121 shares of company stock valued at $65,358,981 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Up 0.3%

NASDAQ AAPL opened at $269.70 on Thursday. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $271.41. The company has a 50 day moving average price of $246.55 and a 200 day moving average price of $221.19. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The firm has a market cap of $4.00 trillion, a PE ratio of 40.93, a price-to-earnings-growth ratio of 2.61 and a beta of 1.09.

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

Analyst Ratings Changes

A number of research firms recently weighed in on AAPL. Sanford C. Bernstein reissued an “outperform” rating and issued a $290.00 target price on shares of Apple in a report on Wednesday. The Goldman Sachs Group set a $279.00 price target on Apple and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Evercore ISI reaffirmed an “outperform” rating on shares of Apple in a research note on Monday, October 20th. Morgan Stanley set a $298.00 target price on Apple and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $240.00 price objective (up from $230.00) on shares of Apple in a research note on Friday, August 1st. Four investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average target price of $255.49.

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.