Amarillo National Bank Sells 7,041 Shares of Apple Inc. (NASDAQ:AAPL)

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Amarillo National Bank reduced its stake in Apple Inc. (NASDAQ:AAPL) by 27.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,234 shares of the iPhone maker’s stock after selling 7,041 shares during the period. Apple makes up approximately 1.6% of Amarillo National Bank’s investment portfolio, making the stock its 13th biggest position. Amarillo National Bank’s holdings in Apple were worth $4,084,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Elwood & Goetz Wealth Advisory Group LLC lifted its stake in shares of Apple by 3.1% in the 3rd quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,628 shares of the iPhone maker’s stock valued at $365,000 after acquiring an additional 49 shares during the last quarter. Roanoke Asset Management Corp NY lifted its stake in shares of Apple by 1.1% in the 2nd quarter. Roanoke Asset Management Corp NY now owns 4,412 shares of the iPhone maker’s stock valued at $873,000 after acquiring an additional 50 shares during the last quarter. Guardian Life Insurance Co. of America lifted its stake in shares of Apple by 0.4% in the 2nd quarter. Guardian Life Insurance Co. of America now owns 12,970 shares of the iPhone maker’s stock valued at $2,567,000 after acquiring an additional 51 shares during the last quarter. Monument Capital Management lifted its stake in shares of Apple by 2.2% in the 2nd quarter. Monument Capital Management now owns 2,438 shares of the iPhone maker’s stock valued at $491,000 after acquiring an additional 53 shares during the last quarter. Finally, Landmark Financial Advisors LLC lifted its stake in shares of Apple by 0.7% in the 2nd quarter. Landmark Financial Advisors LLC now owns 7,357 shares of the iPhone maker’s stock valued at $1,456,000 after acquiring an additional 53 shares during the last quarter. Institutional investors and hedge funds own 58.65% of the company’s stock.

Shares of Apple stock opened at $236.41 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.47 and a debt-to-equity ratio of 0.88. The business has a 50-day moving average price of $220.99 and a two-hundred day moving average price of $204.27. Apple Inc. has a 1-year low of $142.00 and a 1-year high of $238.13. The company has a market cap of $1,063.27 billion, a P/E ratio of 19.85, a PEG ratio of 2.07 and a beta of 1.24.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.10 by $0.08. Apple had a return on equity of 52.13% and a net margin of 21.50%. The firm had revenue of $53.81 billion during the quarter, compared to the consensus estimate of $53.39 billion. During the same period last year, the business posted $2.34 EPS. The business’s revenue was up 1.0% compared to the same quarter last year. Equities research analysts forecast that Apple Inc. will post 11.68 EPS for the current fiscal year.

A number of analysts recently weighed in on AAPL shares. Morgan Stanley set a $247.00 price objective on Apple and gave the company a “buy” rating in a report on Wednesday, September 18th. HSBC set a $190.00 price objective on Apple and gave the company a “sell” rating in a report on Thursday, September 26th. BidaskClub upgraded Apple from a “buy” rating to a “strong-buy” rating in a report on Friday, September 27th. ValuEngine downgraded Apple from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Finally, Loop Capital increased their price objective on Apple to $200.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $223.65.

In other news, insider Chris Kondo sold 4,376 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $217.47, for a total value of $951,648.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Arthur D. Levinson sold 17,500 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $214.02, for a total value of $3,745,350.00. Following the completion of the sale, the director now owns 1,150,783 shares of the company’s stock, valued at $246,290,577.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 450,140 shares of company stock valued at $95,606,404. 0.05% of the stock is currently owned by company insiders.

Apple Profile

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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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