First Midwest Bank Trust Division Has $20.92 Million Stake in Apple Inc. (AAPL)

First Midwest Bank Trust Division increased its position in Apple Inc. (NASDAQ:AAPL) by 5.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 135,765 shares of the iPhone maker’s stock after acquiring an additional 7,230 shares during the quarter. Apple accounts for 2.6% of First Midwest Bank Trust Division’s holdings, making the stock its 2nd largest position. First Midwest Bank Trust Division’s holdings in Apple were worth $20,924,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in Apple during the 2nd quarter valued at approximately $400,000. Blue Sky Asset Management LLC acquired a new stake in Apple during the 2nd quarter valued at approximately $108,000. FNY Managed Accounts LLC increased its position in Apple by 852.4% during the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 716 shares during the period. Hefty Wealth Partners increased its position in Apple by 27.6% during the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 174 shares during the period. Finally, Armbruster Capital Management Inc. increased its position in Apple by 9.4% during the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after purchasing an additional 78 shares during the period. 60.17% of the stock is owned by institutional investors.

Apple Inc. (NASDAQ AAPL) opened at $174.33 on Wednesday. Apple Inc. has a twelve month low of $118.21 and a twelve month high of $177.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. The stock has a market capitalization of $895,060.00, a price-to-earnings ratio of 18.97, a P/E/G ratio of 1.43 and a beta of 1.23.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The company had revenue of $52.58 billion for the quarter, compared to analysts’ expectations of $50.71 billion. During the same period last year, the business earned $1.50 EPS. Apple’s quarterly revenue was up 12.2% compared to the same quarter last year. analysts predict that Apple Inc. will post 11.18 earnings per share for the current year.

In other Apple news, insider Eduardo H. Cue sold 65,361 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total transaction of $11,215,947.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Johny Srouji sold 10,368 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $174.68, for a total value of $1,811,082.24. Following the transaction, the insider now owns 81,560 shares in the company, valued at $14,246,900.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,412 shares of company stock worth $22,115,155. Company insiders own 0.06% of the company’s stock.

A number of research firms have weighed in on AAPL. Nomura set a $175.00 target price on shares of Apple and gave the company a “neutral” rating in a research report on Tuesday, December 19th. Instinet downgraded shares of Apple from a “buy” rating to a “neutral” rating and set a $175.00 target price for the company. in a research report on Tuesday, December 19th. Loop Capital reissued a “buy” rating and set a $200.00 target price on shares of Apple in a research report on Friday, December 22nd. UBS Group set a $190.00 target price on shares of Apple and gave the company a “buy” rating in a research report on Monday, November 27th. Finally, Vetr cut Apple from a “buy” rating to a “hold” rating and set a $178.70 price target on the stock. in a report on Thursday, November 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. Apple presently has an average rating of “Buy” and a consensus price target of $198.70.

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Apple Company Profile

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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