Indiana Trust & Investment Management CO lessened its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,371 shares of the iPhone maker’s stock after selling 810 shares during the period. Apple accounts for 2.0% of Indiana Trust & Investment Management CO’s holdings, making the stock its 9th biggest holding. Indiana Trust & Investment Management CO’s holdings in Apple were worth $4,086,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Norges Bank bought a new position in Apple during the fourth quarter worth $5,625,709,000. Schwab Charles Investment Management Inc. raised its stake in Apple by 2.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 17,637,648 shares of the iPhone maker’s stock worth $2,533,825,000 after buying an additional 471,057 shares during the last quarter. Fisher Asset Management LLC raised its stake in Apple by 1.2% during the first quarter. Fisher Asset Management LLC now owns 11,638,395 shares of the iPhone maker’s stock worth $1,671,972,000 after buying an additional 140,368 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Apple by 23.2% during the first quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock worth $1,334,527,000 after buying an additional 1,749,797 shares during the last quarter. Finally, Sanders Capital LLC raised its stake in Apple by 1.2% during the first quarter. Sanders Capital LLC now owns 8,007,685 shares of the iPhone maker’s stock worth $1,177,522,000 after buying an additional 91,860 shares during the last quarter. 60.45% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on the stock. Royal Bank Of Canada raised their price target on shares of Apple from $180.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday. Needham & Company LLC restated a “buy” rating and issued a $175.00 price target on shares of Apple in a report on Thursday. Maxim Group restated a “buy” rating and issued a $182.00 price target (up from $180.00) on shares of Apple in a report on Thursday. Hilliard Lyons restated a “buy” rating and issued a $999.00 price target (up from $182.00) on shares of Apple in a report on Wednesday. Finally, Sanford C. Bernstein restated a “buy” rating and issued a $175.00 price target on shares of Apple in a report on Wednesday. Eleven investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Apple has an average rating of “Buy” and an average target price of $187.63.

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Apple Inc. (NASDAQ:AAPL) traded up 1.21% on Friday, reaching $160.19. 25,103,680 shares of the company’s stock traded hands. The stock has a market capitalization of $827.42 billion, a price-to-earnings ratio of 18.19 and a beta of 1.27. The firm has a 50-day moving average price of $158.70 and a 200-day moving average price of $149.26. Apple Inc. has a 52 week low of $104.08 and a 52 week high of $164.94.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. Apple had a return on equity of 35.40% and a net margin of 20.87%. The business had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. During the same period last year, the company earned $1.42 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts predict that Apple Inc. will post $9.01 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, August 10th. Apple’s dividend payout ratio (DPR) is presently 28.64%.

In other Apple news, CEO Timothy D. Cook sold 268,623 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $160.63, for a total value of $43,148,912.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel J. Riccio sold 11,949 shares of the firm’s stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $142.86, for a total value of $1,707,034.14. The disclosure for this sale can be found here. Insiders sold a total of 432,930 shares of company stock valued at $69,008,577 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

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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