Apple Inc. $AAPL Shares Acquired by Home Federal Bank of Tennessee

Home Federal Bank of Tennessee increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,836 shares of the iPhone maker’s stock after purchasing an additional 479 shares during the period. Apple makes up about 1.7% of Home Federal Bank of Tennessee’s holdings, making the stock its 6th biggest position. Home Federal Bank of Tennessee’s holdings in Apple were worth $5,916,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Ryan Investment Management Inc. bought a new position in Apple in the second quarter worth approximately $31,000. ROSS JOHNSON & Associates LLC boosted its holdings in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after acquiring an additional 180 shares in the last quarter. Conquis Financial LLC bought a new position in Apple in the fourth quarter worth approximately $63,000. LSV Asset Management bought a new position in Apple in the fourth quarter worth approximately $65,000. Finally, Elite Financial Inc. bought a new position in Apple in the first quarter worth approximately $58,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Price Performance

NASDAQ:AAPL opened at $258.02 on Monday. The firm has a market capitalization of $3.83 trillion, a price-to-earnings ratio of 39.15, a P/E/G ratio of 2.51 and a beta of 1.09. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10. The stock has a fifty day moving average of $233.09 and a 200 day moving average of $214.69. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87.

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

Apple Dividend Announcement

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

Insider Activity at Apple

In related news, SVP Katherine L. Adams sold 47,125 shares of Apple stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the completion of the sale, the senior vice president owned 179,158 shares of the company’s stock, valued at approximately $46,005,982.82. This trade represents a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 129,963 shares of Apple stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total value of $33,375,798.03. Following the sale, the chief executive officer directly owned 3,280,295 shares of the company’s stock, valued at $842,412,558.95. This represents a 3.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 254,922 shares of company stock valued at $64,320,190. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the topic of several recent research reports. Monness Crespi & Hardt increased their price target on Apple from $245.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 1st. The Goldman Sachs Group restated a “buy” rating and issued a $266.00 target price on shares of Apple in a report on Tuesday, August 26th. Moffett Nathanson upgraded Apple from a “sell” rating to a “neutral” rating and set a $225.00 target price on the stock in a report on Thursday, September 4th. JPMorgan Chase & Co. raised their target price on Apple from $255.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Finally, Jefferies Financial Group lowered Apple from a “hold” rating to an “underperform” rating and dropped their target price for the company from $205.82 to $205.16 in a report on Friday. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $247.49.

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.