Apple Inc. (NASDAQ:AAPL) Stock Position Raised by American National Bank

American National Bank increased its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 8.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 134,762 shares of the iPhone maker’s stock after purchasing an additional 10,189 shares during the quarter. Apple accounts for 4.4% of American National Bank’s portfolio, making the stock its 3rd largest position. American National Bank’s holdings in Apple were worth $18,425,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. Norges Bank purchased a new stake in Apple in the fourth quarter worth approximately $25,228,507,000. Aaron Wealth Advisors LLC lifted its stake in shares of Apple by 30,391.8% during the 1st quarter. Aaron Wealth Advisors LLC now owns 26,075,085 shares of the iPhone maker’s stock valued at $149,333,000 after buying an additional 25,989,570 shares in the last quarter. State Street Corp lifted its stake in shares of Apple by 1.8% during the 4th quarter. State Street Corp now owns 633,115,246 shares of the iPhone maker’s stock valued at $112,422,274,000 after buying an additional 10,951,705 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of Apple by 31.7% during the 1st quarter. Capital Research Global Investors now owns 38,903,911 shares of the iPhone maker’s stock valued at $6,793,041,000 after buying an additional 9,354,484 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Apple by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after buying an additional 8,734,393 shares in the last quarter. Hedge funds and other institutional investors own 57.72% of the company’s stock.

Apple Price Performance

Apple stock opened at $153.72 on Thursday. The stock has a market cap of $2.47 trillion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 2.00 and a beta of 1.23. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.86 and a quick ratio of 0.82. Apple Inc. has a 1 year low of $129.04 and a 1 year high of $182.94. The firm has a 50-day moving average of $160.23 and a two-hundred day moving average of $155.88.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings data on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.06. Apple had a net margin of 25.71% and a return on equity of 152.97%. The company had revenue of $82.96 billion during the quarter, compared to analysts’ expectations of $82.97 billion. During the same period in the previous year, the company earned $1.30 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. On average, research analysts forecast that Apple Inc. will post 6.11 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Monday, August 8th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 0.60%. Apple’s payout ratio is presently 15.18%.

Insider Transactions at Apple

In other news, SVP Katherine L. Adams sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the completion of the sale, the senior vice president now owns 427,334 shares of the company’s stock, valued at approximately $70,411,823.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Katherine L. Adams sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the completion of the transaction, the senior vice president now owns 427,334 shares in the company, valued at approximately $70,411,823.18. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Luca Maestri sold 96,735 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the transaction, the chief financial officer now owns 110,673 shares of the company’s stock, valued at approximately $19,362,241.35. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Barclays set a $169.00 price target on shares of Apple in a report on Wednesday, September 14th. Sanford C. Bernstein set a $170.00 price target on shares of Apple in a report on Monday, September 12th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $139.00 price target on shares of Apple in a report on Thursday, September 8th. Fundamental Research set a $177.07 price target on shares of Apple and gave the company a “buy” rating in a report on Thursday, August 4th. Finally, Wedbush lifted their price target on shares of Apple from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, August 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $181.68.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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