Pioneer Trust Bank N A OR Has $7.92 Million Holdings in Apple Inc. (AAPL)
Pioneer Trust Bank N A OR raised its stake in Apple Inc. (NASDAQ:AAPL) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,959 shares of the iPhone maker’s stock after acquiring an additional 580 shares during the quarter. Apple makes up approximately 4.4% of Pioneer Trust Bank N A OR’s investment portfolio, making the stock its 2nd largest position. Pioneer Trust Bank N A OR’s holdings in Apple were worth $7,915,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Hefty Wealth Partners lifted its holdings in Apple by 27.6% in the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after acquiring an additional 174 shares during the period. American Beacon Advisors Inc. purchased a new stake in shares of Apple in the first quarter valued at approximately $117,000. Portfolio Solutions LLC purchased a new stake in shares of Apple in the first quarter valued at approximately $169,000. Fox Run Management L.L.C. purchased a new stake in shares of Apple in the first quarter valued at approximately $201,000. Finally, Stone House Investment Management LLC purchased a new stake in shares of Apple in the first quarter valued at approximately $225,000. 60.45% of the stock is owned by institutional investors.
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In other Apple news, insider Daniel J. Riccio sold 11,949 shares of the firm’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $142.86, for a total transaction of $1,707,034.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Johny Srouji sold 10,469 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $162.20, for a total transaction of $1,698,071.80. Following the transaction, the senior vice president now owns 76,250 shares of the company’s stock, valued at approximately $12,367,750. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 432,930 shares of company stock valued at $69,008,577. Corporate insiders own 0.08% of the company’s stock.
A number of analysts have recently commented on AAPL shares. UBS AG restated a “buy” rating and issued a $170.00 price objective on shares of Apple in a research report on Monday, July 31st. Wells Fargo & Company restated a “market perform” rating and issued a $140.00 price objective on shares of Apple in a research report on Saturday, July 22nd. KeyCorp restated an “equal weight” rating on shares of Apple in a research report on Friday, August 4th. Goldman Sachs Group, Inc. (The) set a $170.00 price objective on Apple and gave the company a “buy” rating in a research report on Saturday, May 20th. Finally, Morgan Stanley restated an “overweight” rating and issued a $177.00 price objective on shares of Apple in a research report on Friday, June 16th. Eleven analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Apple presently has a consensus rating of “Buy” and a consensus target price of $187.63.
Apple Inc. (AAPL) traded up 1.01% during trading on Friday, hitting $159.88. The stock had a trading volume of 49,114,602 shares. The stock has a 50-day moving average price of $158.97 and a 200-day moving average price of $149.42. The company has a market cap of $825.82 billion, a PE ratio of 18.15 and a beta of 1.27. Apple Inc. has a 52 week low of $104.08 and a 52 week high of $164.94.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. The firm had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.42 earnings per share. Equities analysts predict that Apple Inc. will post $9.01 EPS for the current year.
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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