First Financial Bank Trust Division lowered its holdings in Apple (NASDAQ:AAPL) by 1.2% during the 4th quarter, Holdings Channel reports. The firm owned 63,733 shares of the iPhone maker’s stock after selling 769 shares during the quarter. Apple makes up about 1.8% of First Financial Bank Trust Division’s portfolio, making the stock its 13th biggest holding. First Financial Bank Trust Division’s holdings in Apple were worth $10,786,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in AAPL. Jarislowsky Fraser Ltd boosted its holdings in shares of Apple by 22.4% in the third quarter. Jarislowsky Fraser Ltd now owns 22,515 shares of the iPhone maker’s stock worth $3,470,000 after buying an additional 4,118 shares during the period. Empirical Financial Services LLC boosted its holdings in shares of Apple by 23.9% in the second quarter. Empirical Financial Services LLC now owns 21,558 shares of the iPhone maker’s stock worth $3,105,000 after buying an additional 4,154 shares during the period. Carnick & Kubik Group LLC boosted its holdings in shares of Apple by 14.4% in the second quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock worth $2,987,000 after buying an additional 2,612 shares during the period. GenTrust LLC boosted its holdings in shares of Apple by 1,022.9% in the second quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock worth $4,942,000 after buying an additional 31,259 shares during the period. Finally, Ramsay Stattman Vela & Price Inc. boosted its holdings in shares of Apple by 3.3% in the third quarter. Ramsay Stattman Vela & Price Inc. now owns 52,013 shares of the iPhone maker’s stock worth $8,016,000 after buying an additional 1,668 shares during the period. 61.33% of the stock is currently owned by institutional investors.
In related news, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the transaction, the insider now owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.06% of the company’s stock.
Several brokerages have commented on AAPL. Barclays decreased their target price on shares of Apple from $170.00 to $168.00 and set an “equal weight” rating for the company in a report on Friday. Rosenblatt Securities set a $180.00 target price on shares of Apple and gave the stock a “buy” rating in a report on Wednesday, March 7th. Royal Bank of Canada reiterated a “buy” rating and issued a $205.00 target price on shares of Apple in a report on Friday, March 9th. BMO Capital Markets cut shares of Apple from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $162.00 to $166.00 in a report on Wednesday, January 31st. Finally, Zacks Investment Research cut shares of Apple from a “buy” rating to a “hold” rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Apple presently has an average rating of “Buy” and an average price target of $201.53.
Apple stock opened at $178.02 on Monday. Apple has a 52-week low of $138.62 and a 52-week high of $183.50. The company has a market cap of $903,275.88, a P/E ratio of 18.30, a PEG ratio of 1.34 and a beta of 1.19. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.24 and a quick ratio of 1.20.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, beating the Zacks’ consensus estimate of $3.82 by $0.07. Apple had a net margin of 21.13% and a return on equity of 37.37%. The company had revenue of $88.29 billion for the quarter, compared to analyst estimates of $87.62 billion. During the same quarter last year, the firm posted $3.36 earnings per share. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. sell-side analysts forecast that Apple will post 11.43 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: “First Financial Bank Trust Division Sells 769 Shares of Apple (AAPL)” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/03/19/first-financial-bank-trust-division-sells-769-shares-of-apple-aapl.html.
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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