Apple Inc. (NASDAQ:AAPL) Shares Purchased by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. raised its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 139,337 shares of the iPhone maker's stock after purchasing an additional 3,963 shares during the period. Apple accounts for about 3.1% of Canandaigua National Bank & Trust Co.'s holdings, making the stock its 5th biggest position. Canandaigua National Bank & Trust Co.'s holdings in Apple were worth $32,466,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AAPL. Granite Investment Partners LLC increased its position in shares of Apple by 2.7% during the second quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker's stock valued at $60,958,000 after purchasing an additional 7,606 shares during the period. Truist Financial Corp lifted its stake in shares of Apple by 1.8% in the 2nd quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker's stock valued at $1,473,224,000 after purchasing an additional 126,210 shares during the period. EP Wealth Advisors LLC raised its stake in shares of Apple by 5.2% in the second quarter. EP Wealth Advisors LLC now owns 1,928,110 shares of the iPhone maker's stock worth $406,099,000 after purchasing an additional 95,235 shares during the last quarter. Bellwether Advisors LLC boosted its holdings in shares of Apple by 387.3% in the second quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker's stock worth $5,128,000 after acquiring an additional 19,352 shares during the period. Finally, Gentry Private Wealth LLC bought a new position in shares of Apple during the second quarter valued at about $876,000. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Apple

In other Apple news, CFO Luca Maestri sold 59,305 shares of the business's stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares in the company, valued at approximately $24,416,137.76. The trade was a 35.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now owns 15,419 shares of the company's stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 408,170 shares of company stock worth $92,007,745 in the last ninety days. Company insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

AAPL has been the subject of several recent analyst reports. The Goldman Sachs Group upped their target price on shares of Apple from $265.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Robert W. Baird lifted their price objective on shares of Apple from $200.00 to $240.00 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. Monness Crespi & Hardt reiterated a "buy" rating and issued a $245.00 price target on shares of Apple in a research report on Monday, September 9th. JPMorgan Chase & Co. reissued an "overweight" rating and set a $265.00 price objective on shares of Apple in a report on Tuesday, September 10th. Finally, Rosenblatt Securities raised their price target on shares of Apple from $261.00 to $262.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $235.25.

Apple Trading Down 0.6 %

Shares of Apple stock traded down $1.27 during trading hours on Wednesday, hitting $227.01. The company's stock had a trading volume of 14,730,447 shares, compared to its average volume of 58,315,543. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.49. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $3.43 trillion, a PE ratio of 37.33, a P/E/G ratio of 2.20 and a beta of 1.24. The business has a fifty day moving average of $227.34 and a 200 day moving average of $217.31.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.04. The firm had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business's revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.46 earnings per share. As a group, equities analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Friday, November 8th. Apple's dividend payout ratio is currently 16.45%.

Apple 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.