Peoples Bank OH Has $3.78 Million Stock Position in Apple Inc. $AAPL

Peoples Bank OH reduced its holdings in Apple Inc. (NASDAQ:AAPL) by 3.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,412 shares of the iPhone maker’s stock after selling 617 shares during the period. Apple makes up about 2.3% of Peoples Bank OH’s investment portfolio, making the stock its 12th biggest position. Peoples Bank OH’s holdings in Apple were worth $3,778,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AAPL. Ryan Investment Management Inc. acquired a new stake in shares of Apple in the 2nd quarter valued at approximately $31,000. ROSS JOHNSON & Associates LLC boosted its holdings in Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares during the last quarter. LSV Asset Management bought a new position in Apple in the fourth quarter valued at $65,000. Elite Financial Inc. acquired a new stake in Apple in the 1st quarter valued at $58,000. Finally, HFM Investment Advisors LLC acquired a new position in shares of Apple during the 1st quarter worth about $99,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Performance

NASDAQ:AAPL opened at $262.82 on Friday. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $265.29. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The stock’s 50-day simple moving average is $244.15 and its 200 day simple moving average is $219.51. The firm has a market capitalization of $3.90 trillion, a PE ratio of 39.88, a price-to-earnings-growth ratio of 2.56 and a beta of 1.09.

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

Apple Announces Dividend

The business also recently announced 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 of this dividend was Monday, August 11th. Apple’s payout ratio is presently 15.78%.

Insider Activity at Apple

In other news, CFO Kevan Parekh sold 4,199 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $247.39, for a total value of $1,038,790.61. Following the completion of the transaction, the chief financial officer owned 8,765 shares of the company’s stock, valued at $2,168,373.35. This represents a 32.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 43,013 shares of Apple stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the transaction, the senior vice president owned 136,687 shares in the company, valued at approximately $35,181,866.93. This trade represents a 23.94% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 259,121 shares of company stock worth $65,358,981. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

AAPL has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Apple in a research note on Friday, July 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Apple in a research note on Friday. Jefferies Financial Group cut Apple from a “moderate sell” rating to a “strong sell” rating in a research note on Monday, October 20th. Sanford C. Bernstein started coverage on shares of Apple in a research report on Monday, September 15th. They set an “outperform” rating and a $290.00 price objective for the company. Finally, BMO Capital Markets restated a “buy” rating on shares of Apple in a research note on Wednesday, August 13th. Four research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.47.

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.