Apple Inc. $AAPL Shares Sold by Country Trust Bank

Country Trust Bank reduced its stake in Apple Inc. (NASDAQ:AAPL) by 4.1% in the fourth quarter, selling 27,013 shares and now holding 635,958 shares valued at $172.89 million, making it their 7th largest position. Despite this sale, Apple reported strong quarterly earnings, beating expectations with impressive revenue growth. Analyst consensus remains a “Moderate Buy” with an average price target of $303.06, even as insiders like CEO Timothy D. Cook and SVP Deirdre O’Brien recently sold shares.

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