Apple Inc. $AAPL Shares Purchased by Citizens Business Bank

Citizens Business Bank boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 2.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,158 shares of the iPhone maker’s stock after buying an additional 1,365 shares during the period. Apple accounts for approximately 2.9% of Citizens Business Bank’s holdings, making the stock its 6th largest holding. Citizens Business Bank’s holdings in Apple were worth $14,599,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Avid Wealth Partners LLC increased its stake in shares of Apple by 28.3% in the 1st quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock valued at $935,000 after buying an additional 930 shares during the period. Bell & Brown Wealth Advisors LLC boosted its holdings in Apple by 0.4% in the first quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock valued at $13,772,000 after acquiring an additional 240 shares during the last quarter. American National Bank & Trust boosted its holdings in Apple by 2.4% in the second quarter. American National Bank & Trust now owns 195,482 shares of the iPhone maker’s stock valued at $40,107,000 after acquiring an additional 4,543 shares during the last quarter. Andina Capital Management LLC increased its position in Apple by 209.2% in the first quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock worth $1,507,000 after purchasing an additional 4,591 shares during the period. Finally, Plum Street Advisors LLC raised its holdings in Apple by 4.0% during the 1st quarter. Plum Street Advisors LLC now owns 7,889 shares of the iPhone maker’s stock worth $1,752,000 after purchasing an additional 301 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In related news, SVP Deirdre O’brien sold 43,013 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $257.39, for a total value of $11,071,116.07. Following the sale, the senior vice president directly owned 136,687 shares of the company’s stock, valued at approximately $35,181,866.93. The trade was a 23.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 3,752 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $271.23, for a total transaction of $1,017,654.96. Following the completion of the transaction, the insider directly owned 15,098 shares of the company’s stock, valued at approximately $4,095,030.54. The trade was a 19.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 228,052 shares of company stock valued at $58,604,588 over the last quarter. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Monness Crespi & Hardt raised their target price on shares of Apple from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, October 31st. The Goldman Sachs Group increased their price objective on shares of Apple from $279.00 to $320.00 and gave the company a “buy” rating in a report on Friday, October 31st. Evercore ISI lifted their target price on shares of Apple from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. DA Davidson increased their price target on Apple from $250.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, Rosenblatt Securities upped their price objective on Apple from $241.00 to $250.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $278.22.

Apple Trading Down 0.2%

NASDAQ AAPL opened at $272.41 on Monday. The firm has a market cap of $4.03 trillion, a P/E ratio of 41.34, a P/E/G ratio of 2.62 and a beta of 1.09. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The stock’s 50-day moving average is $255.92 and its 200-day moving average is $227.05. Apple Inc. has a one year low of $169.21 and a one year high of $277.32.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.11. Apple had a return on equity of 170.91% and a net margin of 24.30%.The business had revenue of $102.47 billion during the quarter, compared to analyst estimates of $101.65 billion. During the same period in the previous year, the firm earned $1.64 EPS. Apple’s quarterly revenue was up 8.7% compared to the same quarter last year. Sell-side analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 10th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s dividend payout ratio is currently 13.92%.

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.