American National Bank Sells 4,542 Shares of Apple (AAPL)

American National Bank lessened its stake in Apple (NASDAQ:AAPL) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,742 shares of the iPhone maker’s stock after selling 4,542 shares during the quarter. Apple accounts for about 2.1% of American National Bank’s holdings, making the stock its 10th biggest position. American National Bank’s holdings in Apple were worth $7,572,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. bought a new stake in Apple in the second quarter worth approximately $400,000. FNY Managed Accounts LLC grew its position in Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 716 shares in the last quarter. Oak Point Wealth Management bought a new stake in shares of Apple during the 4th quarter worth $163,000. Crow Point Partners LLC boosted its holdings in shares of Apple by 100.0% during the 3rd quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock worth $153,000 after buying an additional 500 shares during the period. Finally, JJJ Advisors Inc. bought a new stake in shares of Apple during the 3rd quarter worth $201,000. 61.35% of the stock is owned by institutional investors.

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AAPL has been the subject of several recent analyst reports. Macquarie set a $188.00 price objective on shares of Apple and gave the stock a “buy” rating in a report on Friday, January 26th. ValuEngine raised shares of Apple from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Barclays decreased their price objective on shares of Apple from $170.00 to $168.00 and set an “equal weight” rating for the company in a report on Friday, March 16th. Zacks Investment Research raised shares of Apple from a “hold” rating to a “buy” rating and set a $197.00 price objective for the company in a report on Thursday, January 18th. Finally, Piper Jaffray reaffirmed a “buy” rating and set a $200.00 price objective on shares of Apple in a report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Apple presently has a consensus rating of “Buy” and an average price target of $203.21.

Shares of AAPL stock traded up $1.09 during mid-day trading on Monday, reaching $175.82. The company’s stock had a trading volume of 21,546,084 shares, compared to its average volume of 36,323,715. Apple has a 1-year low of $140.45 and a 1-year high of $183.50. The stock has a market cap of $886,582.31, a price-to-earnings ratio of 19.09, a P/E/G ratio of 1.32 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.82 by $0.07. Apple had a net margin of 21.13% and a return on equity of 37.37%. The company had revenue of $88.29 billion during the quarter, compared to analysts’ expectations of $87.62 billion. During the same quarter in the prior year, the company posted $3.36 EPS. The business’s revenue was up 12.7% on a year-over-year basis. sell-side analysts predict that Apple will post 11.37 earnings per share for the current year.

In related news, insider Luca Maestri sold 39,122 shares of the stock in a transaction dated Friday, April 13th. The shares were sold at an average price of $174.66, for a total transaction of $6,833,048.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Philip W. Schiller sold 69,491 shares of the stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $166.42, for a total transaction of $11,564,692.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,988 shares of company stock valued at $21,336,201. Corporate insiders own 0.06% of the company’s stock.

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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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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