Capital City Trust Co. FL Reduces Position in Apple (AAPL)

Capital City Trust Co. FL decreased its stake in Apple (NASDAQ:AAPL) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,137 shares of the iPhone maker’s stock after selling 1,404 shares during the period. Apple accounts for about 2.4% of Capital City Trust Co. FL’s holdings, making the stock its 4th biggest position. Capital City Trust Co. FL’s holdings in Apple were worth $5,570,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. bought a new stake in Apple in the second quarter worth about $400,000. FNY Managed Accounts LLC raised 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 during the period. Oak Point Wealth Management purchased a new position in shares of Apple in the fourth quarter worth about $163,000. Crow Point Partners LLC increased its stake in shares of Apple by 100.0% in the third quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock worth $153,000 after purchasing an additional 500 shares in the last quarter. Finally, JJJ Advisors Inc. purchased a new position in shares of Apple in the third quarter worth about $201,000. 61.33% of the stock is currently owned by institutional investors and hedge funds.

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Shares of AAPL stock opened at $164.94 on Friday. Apple has a 1-year low of $138.62 and a 1-year high of $183.50. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. The company has a market cap of $869,026.25, a price-to-earnings ratio of 16.95, a P/E/G ratio of 1.29 and a beta of 1.19.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.82 by $0.07. The business had revenue of $88.29 billion for the quarter, compared to the consensus estimate of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.36 EPS. equities analysts anticipate that Apple will post 11.43 earnings per share for the current fiscal year.

AAPL has been the subject of several recent research reports. Macquarie set a $188.00 target price on shares of Apple and gave the stock a “buy” rating in a research note on Friday, January 26th. ValuEngine upgraded shares of Apple from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Barclays reduced their target price on shares of Apple from $170.00 to $168.00 and set an “equal weight” rating for the company in a research note on Friday, March 16th. Zacks Investment Research upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $197.00 target price for the company in a research note on Thursday, January 18th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $200.00 target price on shares of Apple in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $201.69.

In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the transaction, the insider now directly owns 13,739 shares of the company’s stock, valued at approximately $2,401,302.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by insiders.

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Apple 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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