Apple Inc. (AAPL) Shares Sold by Bath Savings Trust Co

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Bath Savings Trust Co lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,596 shares of the iPhone maker’s stock after selling 1,537 shares during the period. Apple comprises about 4.7% of Bath Savings Trust Co’s investment portfolio, making the stock its 2nd biggest holding. Bath Savings Trust Co’s holdings in Apple were worth $20,102,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Marcus Capital LLC lifted its stake in shares of Apple by 6.8% in the 1st quarter. Marcus Capital LLC now owns 4,342 shares of the iPhone maker’s stock valued at $729,000 after purchasing an additional 275 shares during the last quarter. Canandaigua National Bank & Trust Co. lifted its position in Apple by 0.5% during the 1st quarter. Canandaigua National Bank & Trust Co. now owns 51,711 shares of the iPhone maker’s stock worth $8,676,000 after acquiring an additional 280 shares during the last quarter. TLP Group LLC lifted its position in Apple by 25.3% during the 1st quarter. TLP Group LLC now owns 1,385 shares of the iPhone maker’s stock worth $232,000 after acquiring an additional 280 shares during the last quarter. Winthrop Partners WNY LLC lifted its position in Apple by 3.6% during the 1st quarter. Winthrop Partners WNY LLC now owns 8,222 shares of the iPhone maker’s stock worth $1,398,000 after acquiring an additional 282 shares during the last quarter. Finally, Chemical Bank lifted its position in Apple by 0.3% during the 4th quarter. Chemical Bank now owns 92,548 shares of the iPhone maker’s stock worth $15,662,000 after acquiring an additional 299 shares during the last quarter. 58.58% of the stock is owned by institutional investors.

In other news, SVP Angela J. Ahrendts sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 3rd. The shares were sold at an average price of $232.66, for a total transaction of $5,816,500.00. Following the transaction, the senior vice president now directly owns 105,538 shares in the company, valued at $24,554,471.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Angela J. Ahrendts sold 14,194 shares of the company’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $227.96, for a total transaction of $3,235,664.24. Following the transaction, the senior vice president now owns 105,538 shares in the company, valued at $24,058,442.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 564,185 shares of company stock worth $124,444,213. Company insiders own 0.06% of the company’s stock.

AAPL has been the subject of a number of research analyst reports. UBS Group initiated coverage on shares of Apple in a research report on Wednesday, September 12th. Maxim Group boosted their target price on shares of Apple to $221.00 and gave the stock an “average” rating in a research report on Thursday, September 13th. Royal Bank of Canada boosted their target price on shares of Apple to $250.00 and gave the stock an “average” rating in a research report on Wednesday, September 26th. BidaskClub raised shares of Apple from a “hold” rating to a “buy” rating in a research report on Monday, June 18th. Finally, Guggenheim reissued a “buy” rating and set a $225.00 target price on shares of Apple in a research report on Tuesday, July 24th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and thirty have issued a buy rating to the stock. Apple currently has a consensus rating of “Buy” and a consensus target price of $221.63.

NASDAQ:AAPL traded up $7.66 on Friday, reaching $222.11. The stock had a trading volume of 39,486,990 shares, compared to its average volume of 31,432,369. The firm has a market cap of $1,109.54 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 1.99 and a beta of 1.36. Apple Inc. has a 1-year low of $150.24 and a 1-year high of $233.47. The company has a quick ratio of 1.24, a current ratio of 1.31 and a debt-to-equity ratio of 0.84.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, July 31st. The iPhone maker reported $2.34 EPS for the quarter, beating the Zacks’ consensus estimate of $2.18 by $0.16. The firm had revenue of $53.27 billion for the quarter, compared to analyst estimates of $52.43 billion. Apple had a net margin of 21.98% and a return on equity of 43.50%. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 earnings per share. On average, research analysts expect that Apple Inc. will post 11.76 EPS for the current fiscal year.

About Apple

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

Further Reading: Conference Calls and Individual Investors

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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