Hills Bank & Trust Co. grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,076 shares of the iPhone maker’s stock after acquiring an additional 808 shares during the period. Apple accounts for approximately 2.0% of Hills Bank & Trust Co.’s investment portfolio, making the stock its 9th biggest holding. Hills Bank & Trust Co.’s holdings in Apple were worth $6,060,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. American Investment Services Inc. grew its stake in shares of Apple by 2.9% in the 1st quarter. American Investment Services Inc. now owns 21,610 shares of the iPhone maker’s stock valued at $3,105,000 after buying an additional 610 shares during the period. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Apple in the 1st quarter valued at about $2,701,000. Cornerstone Investment Partners LLC grew its stake in shares of Apple by 6.1% in the 1st quarter. Cornerstone Investment Partners LLC now owns 557,660 shares of the iPhone maker’s stock valued at $80,113,000 after buying an additional 32,273 shares during the period. Raymond James Trust N.A. grew its stake in shares of Apple by 0.3% in the 1st quarter. Raymond James Trust N.A. now owns 213,811 shares of the iPhone maker’s stock valued at $30,716,000 after buying an additional 594 shares during the period. Finally, Nadler Financial Group Inc. grew its stake in shares of Apple by 4.3% in the 1st quarter. Nadler Financial Group Inc. now owns 56,717 shares of the iPhone maker’s stock valued at $8,148,000 after buying an additional 2,328 shares during the period. Hedge funds and other institutional investors own 60.36% of the company’s stock.

Shares of Apple Inc. (NASDAQ:AAPL) traded down 0.23% during mid-day trading on Friday, reaching $155.03. 9,005,845 shares of the company’s stock traded hands. The firm’s 50-day moving average is $158.07 and its 200 day moving average is $150.93. Apple Inc. has a one year low of $104.08 and a one year high of $164.94. The firm has a market cap of $800.77 billion, a price-to-earnings ratio of 17.60 and a beta of 1.27.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.10. The business had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.42 EPS. Analysts predict that Apple Inc. will post $9.01 earnings per share for the current year.

Several analysts have recently commented on AAPL shares. UBS AG restated a “buy” rating and issued a $170.00 target price on shares of Apple in a research note on Monday, July 31st. Wells Fargo & Company restated a “market perform” rating and issued a $140.00 target price on shares of Apple in a research note on Saturday, July 22nd. KeyCorp restated an “equal weight” rating on shares of Apple in a research note on Friday, August 4th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $170.00 price target on shares of Apple in a research report on Wednesday, June 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $177.00 price target on shares of Apple in a research report on Friday, June 16th. Nine analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $189.61.

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In other news, insider Angela J. Ahrendts sold 63,388 shares of Apple stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arthur D. Levinson sold 35,000 shares of Apple stock in a transaction on Monday, August 7th. The stock was sold at an average price of $157.58, for a total value of $5,515,300.00. Following the transaction, the director now directly owns 1,168,283 shares of the company’s stock, valued at approximately $184,098,035.14. The disclosure for this sale can be found here. Insiders have sold a total of 541,177 shares of company stock valued at $85,864,804 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.

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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