Apple Inc. (NASDAQ:AAPL) is Peoples Bank OH’s 8th Largest Position

Peoples Bank OH cut its holdings in Apple Inc. (NASDAQ:AAPL) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,917 shares of the iPhone maker’s stock after selling 753 shares during the period. Apple accounts for 3.4% of Peoples Bank OH’s holdings, making the stock its 8th biggest holding. Peoples Bank OH’s holdings in Apple were worth $5,760,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Conservest Capital Advisors Inc. boosted its stake in shares of Apple by 0.3% during the 3rd quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock worth $2,877,000 after acquiring an additional 55 shares in the last quarter. High Pines Wealth Management LLC raised its holdings in Apple by 0.7% during the 4th quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock worth $1,638,000 after buying an additional 58 shares during the period. Kraft Davis & Associates LLC boosted its holdings in shares of Apple by 0.9% in the third quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock worth $1,155,000 after buying an additional 59 shares during the period. Asset Planning Corporation increased its position in shares of Apple by 1.0% in the fourth quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock worth $1,181,000 after acquiring an additional 59 shares in the last quarter. Finally, Columbus Macro LLC lifted its position in shares of Apple by 0.5% in the 4th quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock valued at $2,120,000 after acquiring an additional 59 shares in the last quarter. 60.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on AAPL shares. Redburn Atlantic downgraded shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a research note on Wednesday, January 10th. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price objective on shares of Apple in a research note on Tuesday, April 16th. Morgan Stanley dropped their target price on Apple from $220.00 to $210.00 and set an “overweight” rating on the stock in a report on Monday, April 22nd. Sanford C. Bernstein upgraded shares of Apple from a “market perform” rating to an “outperform” rating and set a $195.00 price target for the company in a report on Monday. Finally, Maxim Group began coverage on shares of Apple in a research report on Wednesday, April 17th. They issued a “hold” rating and a $178.00 target price for the company. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $202.62.

Insider Activity at Apple

In related news, CFO Luca Maestri sold 53,194 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the transaction, the chief financial officer now directly owns 107,788 shares in the company, valued at $18,768,046.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Luca Maestri sold 53,194 shares of Apple stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the transaction, the senior vice president now owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 366,271 shares of company stock worth $63,653,887. Company insiders own 0.06% of the company’s stock.

Apple Stock Down 0.6 %

Shares of AAPL stock opened at $169.30 on Thursday. The stock has a 50 day moving average of $172.38 and a 200-day moving average of $181.63. The firm has a market cap of $2.61 trillion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.09 and a beta of 1.27. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $199.62.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. During the same period in the prior year, the firm earned $1.88 EPS. The business’s revenue was up 2.1% on a year-over-year basis. On average, equities analysts predict that Apple Inc. will post 6.54 EPS for the current year.

About Apple

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.