Hills Bank & Trust Co. reduced its holdings in Apple Inc. (NASDAQ:AAPL) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 39,658 shares of the iPhone maker’s stock after selling 540 shares during the quarter. Apple makes up about 2.1% of Hills Bank & Trust Co.’s portfolio, making the stock its 6th largest holding. Hills Bank & Trust Co.’s holdings in Apple were worth $7,342,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Quattro Financial Advisors LLC bought a new position in Apple during the first quarter worth $133,000. Smart Portfolios LLC bought a new position in Apple during the first quarter worth $134,000. CX Institutional bought a new position in Apple during the second quarter worth $135,000. Spectrum Financial Alliance Ltd LLC bought a new position in Apple during the first quarter worth $138,000. Finally, Macroview Investment Management LLC boosted its stake in Apple by 220.3% during the first quarter. Macroview Investment Management LLC now owns 900 shares of the iPhone maker’s stock worth $151,000 after acquiring an additional 619 shares in the last quarter. Hedge funds and other institutional investors own 58.58% of the company’s stock.
AAPL has been the topic of several research analyst reports. Macquarie reissued a “buy” rating and set a $197.00 target price on shares of Apple in a research note on Monday, June 11th. UBS Group set a $210.00 target price on shares of Apple and gave the stock a “buy” rating in a research note on Wednesday, June 13th. BidaskClub raised shares of Apple from a “hold” rating to a “buy” rating in a research note on Monday, June 18th. Sanford C. Bernstein reissued a “neutral” rating and set a $190.00 target price on shares of Apple in a research note on Monday, June 25th. Finally, Barclays increased their target price on shares of Apple from $161.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 26th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and thirty have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $220.78.
Shares of AAPL stock opened at $224.29 on Monday. The stock has a market capitalization of $1,109.54 billion, a PE ratio of 24.35, a PEG ratio of 1.99 and a beta of 1.36. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.31 and a quick ratio of 1.24. Apple Inc. has a one year low of $150.24 and a one year high of $233.47.
Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, July 31st. The iPhone maker reported $2.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.18 by $0.16. The company had revenue of $53.27 billion during the quarter, compared to the consensus estimate of $52.43 billion. Apple had a net margin of 21.98% and a return on equity of 43.50%. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.67 earnings per share. On average, equities research analysts anticipate that Apple Inc. will post 11.76 earnings per share for the current fiscal year.
In other news, insider Craig Federighi sold 47,796 shares of the stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $207.50, for a total value of $9,917,670.00. Following the completion of the sale, the insider now owns 412,571 shares in the company, valued at $85,608,482.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Arthur D. Levinson sold 20,000 shares of the stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $206.58, for a total transaction of $4,131,600.00. Following the completion of the sale, the director now owns 1,153,283 shares of the company’s stock, valued at approximately $238,245,202.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 564,185 shares of company stock valued at $124,444,213. 0.06% of the stock is currently owned by corporate insiders.
Apple Company Profile
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.
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