Community Bank & Trust Waco Texas Has $45.33 Million Stake in Apple Inc. (NASDAQ:AAPL)

Community Bank & Trust Waco Texas reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 215,214 shares of the iPhone maker’s stock after selling 1,339 shares during the period. Apple comprises about 11.1% of Community Bank & Trust Waco Texas’ investment portfolio, making the stock its biggest position. Community Bank & Trust Waco Texas’ holdings in Apple were worth $45,328,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC increased its position in Apple by 17.9% in the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after acquiring an additional 31,278 shares in the last quarter. Access Investment Management LLC acquired a new stake in Apple in the 1st quarter valued at about $140,000. Hoese & Co LLP increased its position in Apple by 6.7% in the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after acquiring an additional 57 shares in the last quarter. Benchmark Wealth Management LLC acquired a new stake in Apple in the 2nd quarter valued at about $208,000. Finally, Compass Financial Group Inc. acquired a new stake in Apple in the 1st quarter valued at about $210,000. 60.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AAPL has been the subject of several research reports. Raymond James raised their price objective on shares of Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Rosenblatt Securities restated a “buy” rating and issued a $261.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Moffett Nathanson began coverage on shares of Apple in a research report on Monday, August 19th. They issued a “neutral” rating and a $211.00 price objective for the company. Jefferies Financial Group cut shares of Apple from a “buy” rating to a “hold” rating and lifted their price target for the stock from $205.00 to $212.92 in a research report on Monday, October 7th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $260.00 price target on shares of Apple in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average target price of $239.27.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Katherine L. Adams sold 61,019 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total value of $13,802,497.80. Following the sale, the senior vice president now owns 187,043 shares of the company’s stock, valued at $42,309,126.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the sale, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Performance

Shares of AAPL opened at $235.00 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49. The firm’s 50 day moving average price is $225.78 and its two-hundred day moving average price is $207.84. The firm has a market cap of $3.60 trillion, a P/E ratio of 36.55, a PEG ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The firm had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. During the same quarter in the previous year, the firm posted $1.26 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. On average, analysts forecast that Apple Inc. will post 6.65 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Monday, August 12th. Apple’s payout ratio is currently 15.55%.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.