Apple Inc. $AAPL is Indiana Trust & Investment Management Co's 3rd Largest Position

Indiana Trust & Investment Management Co decreased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,994 shares of the iPhone maker's stock after selling 1,728 shares during the period. Apple comprises 4.8% of Indiana Trust & Investment Management Co's investment portfolio, making the stock its 3rd biggest position. Indiana Trust & Investment Management Co's holdings in Apple were worth $13,326,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. ROSS JOHNSON & Associates LLC raised its position in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after purchasing an additional 180 shares in the last quarter. Life Planning Partners Inc purchased a new position in shares of Apple in the 4th quarter valued at about $47,000. Elite Financial Inc. purchased a new position in shares of Apple in the 1st quarter valued at about $58,000. Conquis Financial LLC purchased a new position in shares of Apple in the 4th quarter valued at about $63,000. Finally, LSV Asset Management purchased a new position in shares of Apple in the 4th quarter valued at about $65,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Stock Performance

Apple stock opened at $234.07 on Monday. The firm has a market capitalization of $3.47 trillion, a P/E ratio of 35.52, a PEG ratio of 2.43 and a beta of 1.11. The stock has a fifty day moving average price of $221.50 and a 200 day moving average price of $212.02. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.14. Apple had a return on equity of 170.91% and a net margin of 24.30%.The firm had revenue of $94.04 billion during the quarter, compared to the consensus estimate of $88.64 billion. During the same quarter in the prior year, the business posted $1.40 earnings per share. Apple's revenue for the quarter was up 9.6% on a year-over-year basis. Equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple's dividend payout ratio (DPR) is presently 15.78%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AAPL. Morgan Stanley set a $240.00 price objective on Apple and gave the company an "overweight" rating in a report on Wednesday, September 3rd. Needham & Company LLC reiterated a "hold" rating on shares of Apple in a report on Friday, July 25th. UBS Group reiterated a "neutral" rating on shares of Apple in a report on Monday, September 8th. Citigroup restated a "buy" rating on shares of Apple in a research note on Wednesday. Finally, Loop Capital decreased their price objective on Apple from $230.00 to $226.00 and set a "hold" rating for the company in a report on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $240.80.

Insider Transactions at Apple

In other news, SVP Deirdre O'brien sold 34,821 shares of the firm's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the completion of the sale, the senior vice president directly owned 136,687 shares of the company's stock, valued at $30,508,538.40. This trade represents a 20.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.06% of the company's stock.

Apple 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.

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