Apple Inc. (NASDAQ:AAPL) Holdings Raised by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,516 shares of the iPhone maker’s stock after purchasing an additional 1,577 shares during the quarter. Apple accounts for 2.2% of Pinnacle Bancorp Inc.’s investment portfolio, making the stock its 5th biggest holding. Pinnacle Bancorp Inc.’s holdings in Apple were worth $6,838,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wyrmwood Management LLC grew its holdings in Apple by 69.0% during the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after buying an additional 69 shares during the last quarter. Gilfoyle & Co LLC raised its stake in 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% during the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after purchasing an additional 210 shares during the last quarter. Cordant Inc. raised its position in shares of Apple by 27.7% in the third quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after buying an additional 140 shares during the last quarter. Finally, Life Planning Partners Inc purchased a new position in shares of Apple during the fourth quarter valued at approximately $132,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Trading Up 6.0 %

NASDAQ:AAPL opened at $183.38 on Friday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $199.62. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The business has a 50 day simple moving average of $172.15 and a 200 day simple moving average of $181.57. The firm has a market capitalization of $2.83 trillion, a P/E ratio of 28.56, a P/E/G ratio of 2.05 and a beta of 1.26.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 EPS for the quarter, topping the consensus estimate of $1.51 by $0.02. Apple had a net margin of 26.16% and a return on equity of 156.04%. The business had revenue of $90.75 billion during the quarter, compared to analyst estimates of $90.37 billion. During the same quarter in the prior year, the firm earned $1.52 earnings per share. The company’s quarterly revenue was down 4.3% on a year-over-year basis. Equities research analysts predict that Apple Inc. will post 6.53 EPS for the current year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, May 13th will be given a $0.25 dividend. This is a boost from Apple’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 0.55%. The ex-dividend date is Friday, May 10th. Apple’s dividend payout ratio (DPR) is currently 14.95%.

Apple declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 2nd that permits the company to buyback $110.00 billion in shares. This buyback authorization permits the iPhone maker to purchase up to 3.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of recent analyst reports. Bank of America increased their price target on Apple from $225.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday. DZ Bank reiterated a “hold” rating and set a $180.00 price objective on shares of Apple in a report on Thursday, March 28th. Canaccord Genuity Group upped their price target on shares of Apple from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday. UBS Group restated a “hold” rating and set a $190.00 price objective on shares of Apple in a report on Monday, March 25th. Finally, Needham & Company LLC reissued a “buy” rating and set a $220.00 price target on shares of Apple in a research report on Friday. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two 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 a consensus rating of “Moderate Buy” and a consensus target price of $203.72.

Insider Buying and Selling at Apple

In other news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the transaction, the director now 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. In related news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the transaction, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy D. Cook sold 99,183 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the transaction, the chief executive officer now directly owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. Insiders have sold 366,271 shares of company stock valued at $63,653,887 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

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.