Apple (AAPL) Position Reduced by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lessened its stake in Apple (NASDAQ:AAPL) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 161,461 shares of the iPhone maker’s stock after selling 4,256 shares during the quarter. Apple comprises approximately 3.0% of Stock Yards Bank & Trust Co.’s holdings, making the stock its 3rd biggest holding. Stock Yards Bank & Trust Co.’s holdings in Apple were worth $27,324,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Berkshire Hathaway Inc. raised its stake in shares of Apple by 0.6% in the 2nd quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock valued at $18,750,246,000 after acquiring an additional 834,854 shares during the period. Capital Research Global Investors increased its stake in Apple by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after buying an additional 3,845,363 shares during the period. Legal & General Group Plc increased its stake in Apple by 1.1% during the 3rd quarter. Legal & General Group Plc now owns 26,393,202 shares of the iPhone maker’s stock worth $4,067,559,000 after buying an additional 287,027 shares during the period. Janus Henderson Group PLC increased its stake in Apple by 9.3% during the 3rd quarter. Janus Henderson Group PLC now owns 21,854,159 shares of the iPhone maker’s stock worth $3,367,571,000 after buying an additional 1,850,572 shares during the period. Finally, Swiss National Bank increased its stake in Apple by 0.4% during the 3rd quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock worth $2,966,581,000 after buying an additional 79,100 shares during the period. Institutional investors own 61.35% of the company’s stock.

In other news, insider Luca Maestri sold 39,122 shares of the business’s stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $174.66, for a total transaction of $6,833,048.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Daniel J. Riccio sold 17,375 shares of the business’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $169.12, for a total transaction of $2,938,460.00. Following the sale, the senior vice president now owns 66,191 shares in the company, valued at approximately $11,194,221.92. The disclosure for this sale can be found here. Insiders sold a total of 125,988 shares of company stock worth $21,336,201 over the last quarter. Insiders own 0.06% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Vetr downgraded shares of Apple from a “strong-buy” rating to a “buy” rating and set a $187.18 price target on the stock. in a research note on Wednesday, February 14th. Zacks Investment Research raised shares of Apple from a “hold” rating to a “buy” rating and set a $197.00 target price for the company in a research report on Thursday, January 18th. Rosenblatt Securities reissued a “buy” rating and issued a $180.00 target price on shares of Apple in a research report on Friday, March 16th. Monness Crespi & Hardt assumed coverage on shares of Apple in a research report on Wednesday, April 11th. They issued a “buy” rating and a $235.00 target price for the company. Finally, Piper Jaffray reissued a “buy” rating and issued a $200.00 target price on shares of Apple in a research report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $203.21.

Shares of NASDAQ AAPL traded up $1.09 during midday 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. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.24 and a quick ratio of 1.20. Apple has a one year low of $140.45 and a one year high of $183.50. The company has a market capitalization of $886,582.31, a P/E ratio of 19.09, a PEG ratio of 1.32 and a beta of 1.25.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, topping 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 business had revenue of $88.29 billion for the quarter, compared to the consensus estimate of $87.62 billion. During the same period in the previous year, the firm earned $3.36 EPS. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. analysts anticipate that Apple will post 11.37 earnings per share for the current year.

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About Apple

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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