Indiana Trust & Investment Management CO lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 1.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 27,901 shares of the iPhone maker’s stock after selling 470 shares during the quarter. Apple comprises 2.1% of Indiana Trust & Investment Management CO’s investment portfolio, making the stock its 9th biggest holding. Indiana Trust & Investment Management CO’s holdings in Apple were worth $4,300,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AAPL. LaFleur & Godfrey LLC purchased a new position in Apple during the 1st quarter worth approximately $28,234,000. Verity & Verity LLC grew its stake in Apple by 4.3% during the 1st quarter. Verity & Verity LLC now owns 59,562 shares of the iPhone maker’s stock worth $8,557,000 after buying an additional 2,471 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in Apple by 23.2% during the 1st 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. Orca Investment Management LLC grew its stake in Apple by 78.2% during the 1st quarter. Orca Investment Management LLC now owns 25,033 shares of the iPhone maker’s stock worth $3,596,000 after buying an additional 10,986 shares during the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI grew its stake in Apple by 2.8% during the 1st quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 75,432 shares of the iPhone maker’s stock worth $10,837,000 after buying an additional 2,065 shares during the last quarter. Institutional investors and hedge funds own 59.62% of the company’s stock.

Apple Inc. (NASDAQ:AAPL) opened at $174.54 on Wednesday. The company has a market capitalization of $896,140.00, a P/E ratio of 18.91, a PEG ratio of 1.39 and a beta of 1.24. Apple Inc. has a fifty-two week low of $114.76 and a fifty-two week high of $177.20. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.20. The company had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.50 earnings per share. sell-side analysts predict that Apple Inc. will post 11.18 EPS for the current fiscal year.

A number of research firms have weighed in on AAPL. Barclays reaffirmed a “hold” rating and set a $146.00 price objective on shares of Apple in a research report on Monday, September 4th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $195.00 price objective on shares of Apple in a research report on Tuesday, November 14th. Royal Bank of Canada increased their price objective on Apple from $176.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, September 1st. UBS set a $190.00 price objective on Apple and gave the stock a “buy” rating in a research report on Monday, December 4th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $190.00 price objective on shares of Apple in a research report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. Apple presently has an average rating of “Buy” and an average price target of $197.14.

In other news, insider Johny Srouji sold 10,368 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $174.68, for a total transaction of $1,811,082.24. Following the completion of the transaction, the insider now directly owns 81,560 shares of the company’s stock, valued at $14,246,900.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela J. Ahrendts sold 63,388 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $154.21, for a total value of $9,775,063.48. The disclosure for this sale can be found here. Insiders have sold 232,967 shares of company stock valued at $37,944,683 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

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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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