American National Bank Purchases 10,189 Shares of Apple Inc. (NASDAQ:AAPL)

American National Bank lifted its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 8.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,762 shares of the iPhone maker’s stock after acquiring an additional 10,189 shares during the quarter. Apple makes up approximately 4.4% of American National Bank’s portfolio, making the stock its 3rd biggest position. American National Bank’s holdings in Apple were worth $18,425,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in Apple during the 4th quarter worth about $25,228,507,000. Aaron Wealth Advisors LLC lifted its holdings in Apple by 30,391.8% during the 1st quarter. Aaron Wealth Advisors LLC now owns 26,075,085 shares of the iPhone maker’s stock worth $149,333,000 after buying an additional 25,989,570 shares during the period. State Street Corp lifted its holdings in Apple by 1.8% during the 4th quarter. State Street Corp now owns 633,115,246 shares of the iPhone maker’s stock worth $112,422,274,000 after buying an additional 10,951,705 shares during the period. Capital Research Global Investors lifted its holdings in Apple by 31.7% during the 1st quarter. Capital Research Global Investors now owns 38,903,911 shares of the iPhone maker’s stock worth $6,793,041,000 after buying an additional 9,354,484 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Apple by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after buying an additional 8,734,393 shares during the period. Institutional investors and hedge funds own 57.72% of the company’s stock.

Apple Price Performance

Shares of NASDAQ AAPL opened at $153.72 on Thursday. Apple Inc. has a twelve month low of $129.04 and a twelve month high of $182.94. The stock’s 50 day moving average price is $160.23 and its 200-day moving average price is $155.88. The company has a market capitalization of $2.47 trillion, a PE ratio of 25.37, a PEG ratio of 2.00 and a beta of 1.23. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 1.63.

Apple (NASDAQ:AAPLGet Rating) last announced its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.06. Apple had a return on equity of 152.97% and a net margin of 25.71%. The firm had revenue of $82.96 billion for the quarter, compared to the consensus estimate of $82.97 billion. During the same quarter in the previous year, the business earned $1.30 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. On average, equities analysts anticipate that Apple Inc. will post 6.11 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Monday, August 8th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.60%. Apple’s payout ratio is presently 15.18%.

Insider Transactions at Apple

In related news, SVP Katherine L. Adams sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total value of $4,119,250.00. Following the transaction, the senior vice president now owns 427,334 shares in the company, valued at $70,411,823.18. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Luca Maestri sold 96,735 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total value of $16,923,788.25. Following the transaction, the chief financial officer now owns 110,673 shares in the company, valued at $19,362,241.35. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Katherine L. Adams sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the completion of the transaction, the senior vice president now owns 427,334 shares in the company, valued at approximately $70,411,823.18. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Monness Crespi & Hardt began coverage on Apple in a report on Thursday, September 8th. They set a “buy” rating and a $174.00 target price on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $139.00 price objective on shares of Apple in a research report on Thursday, September 8th. set a $175.00 price objective on Apple in a research report on Friday, July 29th. Wells Fargo & Company lowered their price objective on Apple from $205.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, July 20th. Finally, JPMorgan Chase & Co. set a $200.00 price objective on Apple in a research report on Monday, September 12th. Two research analysts have rated the stock with a sell rating, six have given 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $181.68.

About Apple

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Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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