Apple Inc. (NASDAQ:AAPL) Shares Sold by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. trimmed its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,406 shares of the iPhone maker’s stock after selling 673 shares during the quarter. Apple makes up 2.1% of Pinnacle Bancorp Inc.’s portfolio, making the stock its 4th biggest holding. Pinnacle Bancorp Inc.’s holdings in Apple were worth $4,893,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in AAPL. Diversified LLC increased its stake in Apple by 14.9% in the third quarter. Diversified LLC now owns 46,576 shares of the iPhone maker’s stock valued at $6,437,000 after purchasing an additional 6,052 shares during the last quarter. Mendel Capital Management LLC increased its stake in Apple by 3.3% in the third quarter. Mendel Capital Management LLC now owns 23,412 shares of the iPhone maker’s stock valued at $3,236,000 after purchasing an additional 749 shares during the last quarter. AE Wealth Management LLC increased its stake in Apple by 1.5% in the third quarter. AE Wealth Management LLC now owns 2,463,954 shares of the iPhone maker’s stock valued at $340,518,000 after purchasing an additional 37,553 shares during the last quarter. Mitchell Sinkler & Starr PA increased its stake in Apple by 5.9% in the third quarter. Mitchell Sinkler & Starr PA now owns 98,705 shares of the iPhone maker’s stock valued at $13,641,000 after purchasing an additional 5,480 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC increased its stake in Apple by 1.0% in the third quarter. Heartwood Wealth Advisors LLC now owns 9,493 shares of the iPhone maker’s stock valued at $1,312,000 after purchasing an additional 93 shares during the last quarter. 57.60% of the stock is owned by institutional investors and hedge funds.

Apple Stock Up 1.0 %

Shares of Apple stock opened at $142.53 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95. The business’s 50 day simple moving average is $138.42 and its 200-day simple moving average is $148.11. The stock has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 23.33, a PEG ratio of 1.78 and a beta of 1.24. Apple Inc. has a twelve month low of $124.17 and a twelve month high of $179.61.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. Apple had a return on equity of 160.90% and a net margin of 25.31%. The business had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. During the same period in the prior year, the firm earned $1.24 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts forecast that Apple Inc. will post 6.19 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Friday, November 4th. Apple’s dividend payout ratio (DPR) is 15.06%.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several analyst reports. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research note on Saturday, November 5th. Fundamental Research boosted their price target on Apple to $168.50 and gave the company a “buy” rating in a research report on Tuesday, November 8th. Canaccord Genuity Group lowered their price target on Apple from $200.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, January 18th. Wedbush lowered their price target on Apple from $200.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, January 4th. Finally, JPMorgan Chase & Co. set a $180.00 price target on Apple and gave the company an “overweight” rating in a research report on Thursday, January 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.44.

Insider Buying and Selling

In related news, CFO Luca Maestri sold 176,299 shares of the stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $155.95, for a total value of $27,493,829.05. Following the completion of the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Apple news, insider Chris Kondo sold 20,200 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the completion of the transaction, the insider now directly owns 31,505 shares of the company’s stock, valued at approximately $4,685,423.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Luca Maestri sold 176,299 shares of the stock in a transaction on Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $17,259,454.35. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Apple Company Profile

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Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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