Trust Co. of Oklahoma Has $13.60 Million Position in Apple Inc. $AAPL

Trust Co. of Oklahoma lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 66,287 shares of the iPhone maker’s stock after buying an additional 263 shares during the period. Apple comprises about 4.3% of Trust Co. of Oklahoma’s portfolio, making the stock its 4th biggest holding. Trust Co. of Oklahoma’s holdings in Apple were worth $13,600,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Investors Research Corp grew its position in shares of Apple by 4.4% in the 2nd quarter. Investors Research Corp now owns 18,827 shares of the iPhone maker’s stock valued at $3,863,000 after buying an additional 787 shares during the last quarter. Wealth Alliance Advisory Group LLC lifted its position in Apple by 4.4% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 50,015 shares of the iPhone maker’s stock valued at $10,262,000 after acquiring an additional 2,096 shares in the last quarter. Park Edge Advisors LLC grew its position in Apple by 6.2% in the 2nd quarter. Park Edge Advisors LLC now owns 12,378 shares of the iPhone maker’s stock worth $2,540,000 after purchasing an additional 720 shares in the last quarter. Veery Capital LLC grew its position in Apple by 7.8% in the 2nd quarter. Veery Capital LLC now owns 12,680 shares of the iPhone maker’s stock worth $2,602,000 after purchasing an additional 918 shares in the last quarter. Finally, Value Partners Investments Inc. raised its position in Apple by 5.0% in the second quarter. Value Partners Investments Inc. now owns 3,491 shares of the iPhone maker’s stock worth $715,000 after acquiring an additional 167 shares during the period. Institutional investors own 67.73% of the company’s stock.

Apple Trading Up 3.2%

Shares of Apple stock opened at $245.50 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10. The company’s 50-day simple moving average is $224.35 and its 200-day simple moving average is $212.42. The firm has a market cap of $3.64 trillion, a price-to-earnings ratio of 37.25, a price-to-earnings-growth ratio of 2.47 and a beta of 1.11.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. Apple had a net margin of 24.30% and a return on equity of 170.91%. The firm had revenue of $94.04 billion for the quarter, compared to analysts’ expectations of $88.64 billion. During the same period in the prior year, the company earned $1.40 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple’s payout ratio is currently 15.78%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AAPL. Barclays increased their price objective on Apple from $173.00 to $180.00 and gave the company an “underweight” rating in a research report on Friday, August 1st. The Goldman Sachs Group reissued a “buy” rating and set a $266.00 price objective on shares of Apple in a research note on Tuesday, August 26th. Wedbush restated an “outperform” rating and set a $270.00 price target on shares of Apple in a research note on Tuesday, September 9th. BMO Capital Markets reaffirmed a “buy” rating on shares of Apple in a report on Wednesday, August 13th. Finally, Citigroup reiterated a “buy” rating on shares of Apple in a report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $242.74.

Insider Buying and Selling at Apple

In other news, SVP Deirdre O’brien sold 34,821 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the completion of the sale, the senior vice president directly owned 136,687 shares in the company, valued at $30,508,538.40. This trade represents a 20.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is owned by corporate insiders.

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.