First Financial Corp IN Sells 366 Shares of Apple Inc. (AAPL)
First Financial Corp IN lowered its position in Apple Inc. (NASDAQ:AAPL) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,979 shares of the iPhone maker’s stock after selling 366 shares during the period. Apple makes up approximately 1.4% of First Financial Corp IN’s investment portfolio, making the stock its 13th largest holding. First Financial Corp IN’s holdings in Apple were worth $1,731,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Saratoga Research & Investment Management boosted its position in Apple by 3.7% in the fourth quarter. Saratoga Research & Investment Management now owns 555,802 shares of the iPhone maker’s stock valued at $87,672,000 after buying an additional 20,043 shares during the last quarter. TrimTabs Asset Management LLC purchased a new stake in Apple in the 4th quarter worth approximately $1,173,000. Prentiss Smith & Co. Inc. boosted its position in Apple by 791.9% in the 4th quarter. Prentiss Smith & Co. Inc. now owns 32,153 shares of the iPhone maker’s stock worth $5,072,000 after purchasing an additional 28,548 shares in the last quarter. Windsor Group LTD boosted its position in Apple by 3.6% in the 4th quarter. Windsor Group LTD now owns 14,685 shares of the iPhone maker’s stock worth $2,316,000 after purchasing an additional 506 shares in the last quarter. Finally, Intl Fcstone Inc. boosted its position in Apple by 0.6% in the 4th quarter. Intl Fcstone Inc. now owns 18,183 shares of the iPhone maker’s stock worth $2,868,000 after purchasing an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 57.38% of the company’s stock.
In related news, insider Luca Maestri sold 51,138 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $196.61, for a total value of $10,054,242.18. Following the completion of the transaction, the insider now directly owns 27,448 shares of the company’s stock, valued at approximately $5,396,551.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Arthur D. Levinson sold 1,521 shares of the stock in a transaction on Friday, February 1st. The shares were sold at an average price of $167.71, for a total value of $255,086.91. Following the completion of the transaction, the director now directly owns 1,134,804 shares of the company’s stock, valued at $190,317,978.84. The disclosure for this sale can be found here. 0.05% of the stock is currently owned by corporate insiders.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, January 29th. The iPhone maker reported $4.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.17 by $0.01. Apple had a return on equity of 50.92% and a net margin of 22.72%. The firm had revenue of $84.31 billion during the quarter, compared to the consensus estimate of $84.07 billion. On average, sell-side analysts forecast that Apple Inc. will post 11.41 earnings per share for the current year.
Several equities research analysts have commented on the company. HSBC set a $180.00 price objective on Apple and gave the stock a “sell” rating in a research report on Wednesday. Wedbush upgraded Apple to an “outperform” rating and upped their price objective for the stock from $215.00 to $225.00 in a research report on Tuesday. Credit Suisse Group restated a “hold” rating and issued a $182.00 price objective on shares of Apple in a research report on Sunday, March 31st. Sanford C. Bernstein restated a “neutral” rating and issued a $160.00 price objective on shares of Apple in a research report on Wednesday, March 27th. Finally, BidaskClub lowered Apple from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Apple presently has a consensus rating of “Hold” and a consensus price target of $202.59.
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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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