Community Trust & Investment Co. lowered its stake in Apple Inc. (NASDAQ:AAPL) by 4.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,968 shares of the iPhone maker’s stock after selling 5,653 shares during the period. Apple accounts for 3.6% of Community Trust & Investment Co.’s holdings, making the stock its 6th largest holding. Community Trust & Investment Co.’s holdings in Apple were worth $30,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also modified their holdings of AAPL. Nuveen Asset Management LLC lifted its holdings in shares of Apple by 2,874.9% during the second quarter. Nuveen Asset Management LLC now owns 35,914,893 shares of the iPhone maker’s stock worth $7,108,275,000 after purchasing an additional 34,707,634 shares during the period. Thoroughbred Financial Services LLC lifted its holdings in shares of Apple by 19,949.3% during the second quarter. Thoroughbred Financial Services LLC now owns 10,055,128 shares of the iPhone maker’s stock worth $1,005,513,000 after purchasing an additional 10,004,976 shares during the period. Great West Life Assurance Co. Can acquired a new position in shares of Apple during the second quarter worth $809,074,000. Renaissance Technologies LLC acquired a new position in shares of Apple during the second quarter worth $459,677,000. Finally, Morgan Stanley lifted its holdings in shares of Apple by 5.8% during the second quarter. Morgan Stanley now owns 36,261,306 shares of the iPhone maker’s stock worth $7,176,836,000 after purchasing an additional 1,996,126 shares during the period. Institutional investors own 58.63% of the company’s stock.
AAPL has been the topic of a number of recent research reports. Barclays lifted their price target on shares of Apple from $192.00 to $207.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. Goldman Sachs Group set a $165.00 price target on shares of Apple and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. DA Davidson lifted their price target on shares of Apple to $270.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. New Street Research set a $155.00 price target on shares of Apple and gave the stock a “sell” rating in a report on Tuesday, September 10th. Finally, Piper Jaffray Companies set a $243.00 price target on shares of Apple and gave the stock a “buy” rating in a report on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $223.22.
AAPL traded up $4.56 during midday trading on Friday, hitting $234.65. The company had a trading volume of 11,541,589 shares, compared to its average volume of 30,148,068. Apple Inc. has a 52 week low of $142.00 and a 52 week high of $229.93. The company has a quick ratio of 1.47, a current ratio of 1.50 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $1,058.26 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 1.97 and a beta of 1.24. The stock’s 50 day moving average price is $216.29 and its 200 day moving average price is $202.42.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.08. Apple had a net margin of 21.50% and a return on equity of 52.13%. The firm had revenue of $53.81 billion during the quarter, compared to the consensus estimate of $53.39 billion. During the same period in the previous year, the firm posted $2.34 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. Research analysts predict that Apple Inc. will post 11.68 EPS for the current year.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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