Amarillo National Bank Has $8.20 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Amarillo National Bank lessened its stake in Apple Inc. (NASDAQ:AAPL) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,574 shares of the iPhone maker’s stock after selling 149 shares during the quarter. Apple comprises approximately 1.6% of Amarillo National Bank’s investment portfolio, making the stock its 15th biggest holding. Amarillo National Bank’s holdings in Apple were worth $8,197,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wyrmwood Management LLC boosted its stake in shares of Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after purchasing an additional 69 shares during the last quarter. Gilfoyle & Co LLC boosted its stake in shares of Apple by 118.0% in the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after purchasing an additional 118 shares during the last quarter. PayPay Securities Corp boosted its stake in shares of Apple by 70.2% in the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock valued at $87,000 after purchasing an additional 210 shares during the last quarter. Cordant Inc. boosted its stake in shares of Apple by 27.7% in the 3rd quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after purchasing an additional 140 shares during the last quarter. Finally, Life Planning Partners Inc bought a new position in shares of Apple in the 4th quarter valued at about $132,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Price Performance

Shares of AAPL opened at $169.30 on Friday. The company has a market cap of $2.61 trillion, a price-to-earnings ratio of 26.37, a PEG ratio of 2.05 and a beta of 1.27. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $199.62. The company’s fifty day simple moving average is $173.04 and its 200 day simple moving average is $181.81. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The business had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.88 earnings per share. On average, research analysts forecast that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.57%. Apple’s dividend payout ratio (DPR) is 14.95%.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the transaction, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Apple news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the transaction, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock valued at $63,653,887 over the last ninety days. 0.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AAPL shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 target price on shares of Apple in a research note on Tuesday, April 16th. DZ Bank reaffirmed a “hold” rating and issued a $180.00 target price on shares of Apple in a research note on Thursday, March 28th. DA Davidson began coverage on shares of Apple in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 price objective on the stock. The Goldman Sachs Group lifted their price objective on shares of Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Bank of America raised shares of Apple from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $208.00 to $225.00 in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $203.05.

About Apple

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.