WoodTrust Financial Corp Has $20.99 Million Stake in Apple Inc. $AAPL

WoodTrust Financial Corp increased its holdings in Apple Inc. (NASDAQ:AAPL) by 14.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,345 shares of the iPhone maker’s stock after purchasing an additional 14,096 shares during the period. Apple makes up 2.4% of WoodTrust Financial Corp’s portfolio, making the stock its 9th biggest position. WoodTrust Financial Corp’s holdings in Apple were worth $20,989,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AAPL. Ryan Investment Management Inc. acquired a new stake in shares of Apple during the second quarter worth approximately $31,000. ROSS JOHNSON & Associates LLC increased its holdings in shares of 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 buying an additional 180 shares in the last quarter. Elite Financial Inc. acquired a new stake in shares of Apple during the first quarter worth approximately $58,000. LSV Asset Management acquired a new stake in shares of Apple during the fourth quarter worth approximately $65,000. Finally, HFM Investment Advisors LLC acquired a new stake in shares of Apple during the first quarter worth approximately $99,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Activity

In other news, SVP Katherine L. Adams sold 47,125 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total value of $12,101,228.75. Following the sale, the senior vice president directly owned 179,158 shares of the company’s stock, valued at approximately $46,005,982.82. This represents a 20.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Deirdre O’brien sold 43,013 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the completion of the sale, the senior vice president directly owned 136,687 shares in the company, valued at approximately $35,181,866.93. The trade was a 23.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 259,121 shares of company stock valued at $65,358,981 in the last 90 days. 0.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on AAPL shares. UBS Group raised their price target on shares of Apple from $220.00 to $280.00 and gave the company a “neutral” rating in a report on Friday. HSBC set a $220.00 price target on shares of Apple and gave the company a “hold” rating in a report on Monday, September 8th. Sanford C. Bernstein reissued an “outperform” rating and issued a $290.00 price target on shares of Apple in a report on Wednesday. Jefferies Financial Group raised shares of Apple from an “underperform” rating to a “hold” rating and raised their price target for the company from $203.07 to $246.99 in a report on Friday. Finally, Loop Capital raised shares of Apple from a “hold” rating to a “buy” rating and raised their price target for the company from $226.00 to $315.00 in a report on Monday, October 20th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average price target of $276.39.

Apple Trading Down 0.4%

Shares of NASDAQ AAPL opened at $270.37 on Friday. The company’s fifty day moving average is $248.34 and its 200-day moving average is $222.15. The stock has a market cap of $4.01 trillion, a price-to-earnings ratio of 41.03, a P/E/G ratio of 2.62 and a beta of 1.09. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $277.32. 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 (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.11. Apple had a net margin of 24.30% and a return on equity of 170.91%. The business had revenue of $102.47 billion for the quarter, compared to analyst estimates of $101.65 billion. During the same period last year, the business posted $1.64 earnings per share. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. Equities research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Monday, November 10th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s payout ratio is 15.78%.

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.