Trust Co. of Virginia VA Sells 2,780 Shares of Apple Inc. (NASDAQ:AAPL)

Trust Co. of Virginia VA trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,102 shares of the iPhone maker’s stock after selling 2,780 shares during the period. Apple makes up about 3.3% of Trust Co. of Virginia VA’s holdings, making the stock its 6th biggest position. Trust Co. of Virginia VA’s holdings in Apple were worth $33,135,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Conservest Capital Advisors Inc. lifted its position in shares of Apple by 0.3% in 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 during the period. High Pines Wealth Management LLC raised its holdings in shares of Apple by 0.7% in 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 in the last quarter. Kraft Davis & Associates LLC raised its holdings in shares of Apple by 0.9% in the 3rd 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 in the last quarter. Asset Planning Corporation raised its holdings in shares of Apple by 1.0% in the 4th quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock worth $1,181,000 after buying an additional 59 shares in the last quarter. Finally, Columbus Macro LLC raised its holdings 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 worth $2,120,000 after buying an additional 59 shares in the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the sale, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the sale, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Luca Maestri sold 53,194 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total value of $9,262,139.28. Following the sale, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at $18,768,046.56. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock valued at $63,653,887 in the last ninety days. 0.06% of the stock is owned by insiders.

Apple Stock Performance

Shares of AAPL stock opened at $169.30 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The stock 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 stock has a 50-day moving average of $172.38 and a 200-day moving average of $181.63. Apple Inc. has a one year low of $164.07 and a one year high of $199.62.

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

Analysts Set New Price Targets

AAPL has been the subject of a number of recent research reports. DA Davidson initiated coverage on Apple in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 target price for the company. UBS Group reissued a “hold” rating and issued a $190.00 target price on shares of Apple in a report on Monday, March 25th. The Goldman Sachs Group increased their target price on Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Maxim Group initiated coverage on Apple in a report on Wednesday, April 17th. They issued a “hold” rating and a $178.00 target price for the company. Finally, Wedbush reissued an “outperform” rating and issued a $250.00 target price on shares of Apple in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average target price of $202.62.

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.