Members Trust Co Has $26.01 Million Position in Apple Inc. (NASDAQ:AAPL)

Members Trust Co trimmed its position in Apple Inc. (NASDAQ:AAPL) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,880 shares of the iPhone maker’s stock after selling 578 shares during the quarter. Apple accounts for 0.0% of Members Trust Co’s holdings, making the stock its 17th biggest holding. Members Trust Co’s holdings in Apple were worth $26,014,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB boosted its position in shares of Apple by 21.1% during the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock worth $787,631,000 after acquiring an additional 588,427 shares in the last quarter. Latitude Advisors LLC increased its position in Apple by 0.3% during the 3rd quarter. Latitude Advisors LLC now owns 17,236 shares of the iPhone maker’s stock worth $4,016,000 after purchasing an additional 50 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after purchasing an additional 93,886,664 shares during the last quarter. Tanager Wealth Management LLP boosted its position in Apple by 0.3% in the third quarter. Tanager Wealth Management LLP now owns 90,642 shares of the iPhone maker’s stock valued at $21,120,000 after buying an additional 266 shares in the last quarter. Finally, Great Lakes Retirement Inc. grew its stake in shares of Apple by 3.1% during the third quarter. Great Lakes Retirement Inc. now owns 86,245 shares of the iPhone maker’s stock worth $20,095,000 after buying an additional 2,575 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Stock Up 1.3 %

Apple stock opened at $196.79 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The stock has a market cap of $2.96 trillion, a PE ratio of 31.24, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. Apple Inc. has a fifty-two week low of $164.77 and a fifty-two week high of $260.10. The firm’s 50-day simple moving average is $219.65 and its 200 day simple moving average is $230.13.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Research analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio is presently 15.87%.

Insider Transactions at Apple

In other Apple news, SVP Katherine L. Adams sold 38,822 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total value of $8,683,316.74. Following the completion of the sale, the senior vice president now directly owns 179,158 shares of the company’s stock, valued at $40,072,269.86. This trade represents a 17.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Timothy D. Cook sold 108,136 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the sale, the chief executive officer now directly owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. This trade represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 182,451 shares of company stock worth $40,818,720 in the last ninety days. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Rosenblatt Securities reissued a “buy” rating and set a $263.00 price target on shares of Apple in a research note on Thursday, April 3rd. The Goldman Sachs Group reissued a “buy” rating on shares of Apple in a report on Wednesday, February 19th. Maxim Group raised their price target on shares of Apple to $215.00 and gave the company a “hold” rating in a research note on Friday, February 21st. Redburn Partners set a $230.00 price objective on shares of Apple in a research note on Friday, January 31st. Finally, UBS Group raised their target price on Apple to $236.00 and gave the stock a “buy” rating in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $235.85.

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.