Hills Bank & Trust Co. cut its stake in Apple Inc. (NASDAQ:AAPL) by 1.4% in the third quarter, HoldingsChannel reports. The firm owned 39,116 shares of the iPhone maker’s stock after selling 542 shares during the quarter. Apple makes up approximately 2.4% of Hills Bank & Trust Co.’s investment portfolio, making the stock its 5th biggest position. Hills Bank & Trust Co.’s holdings in Apple were worth $8,830,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of AAPL. Gibraltar Capital Management Inc. boosted its position in shares of Apple by 0.4% during the third quarter. Gibraltar Capital Management Inc. now owns 59,517 shares of the iPhone maker’s stock worth $13,435,000 after buying an additional 235 shares during the period. Capital Investment Services of America Inc. boosted its position in shares of Apple by 10.0% during the third quarter. Capital Investment Services of America Inc. now owns 2,703 shares of the iPhone maker’s stock worth $610,000 after buying an additional 245 shares during the period. Investment Partners LTD. boosted its position in shares of Apple by 4.9% during the second quarter. Investment Partners LTD. now owns 5,594 shares of the iPhone maker’s stock worth $1,036,000 after buying an additional 263 shares during the period. Townsend & Associates Inc boosted its position in shares of Apple by 6.8% during the second quarter. Townsend & Associates Inc now owns 4,204 shares of the iPhone maker’s stock worth $778,000 after buying an additional 268 shares during the period. Finally, Dorsey Wright & Associates boosted its position in shares of Apple by 9.2% during the second quarter. Dorsey Wright & Associates now owns 3,205 shares of the iPhone maker’s stock worth $593,000 after buying an additional 270 shares during the period. Institutional investors and hedge funds own 57.06% of the company’s stock.
Several research firms have recently commented on AAPL. Nomura restated a “neutral” rating and set a $185.00 price target on shares of Apple in a research report on Monday, November 5th. JPMorgan Chase & Co. set a $228.00 price target on Apple and gave the stock a “buy” rating in a research report on Friday. Robert W. Baird restated a “buy” rating and set a $235.00 price target on shares of Apple in a research report on Monday, September 24th. Sanford C. Bernstein restated a “neutral” rating and set a $200.00 price target on shares of Apple in a research report on Monday, October 22nd. Finally, Goldman Sachs Group reiterated a “neutral” rating and issued a $182.00 price objective (down from $209.00) on shares of Apple in a research note on Tuesday, November 20th. Three analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and twenty-two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $195.19.
Shares of AAPL stock opened at $152.29 on Friday. The stock has a market cap of $753.54 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 1.45 and a beta of 1.23. Apple Inc. has a 1 year low of $142.00 and a 1 year high of $233.47. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.09 and a current ratio of 1.12.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.13. The company had revenue of $62.90 billion for the quarter, compared to analyst estimates of $61.55 billion. Apple had a return on equity of 48.68% and a net margin of 22.41%. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.07 earnings per share. Analysts predict that Apple Inc. will post 12.1 earnings per share for the current year.
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Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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