West Bancorporation Inc. Boosts Position in Apple Inc. (NASDAQ:AAPL)

West Bancorporation Inc. lifted its stake in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 2.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 17,077 shares of the iPhone maker’s stock after purchasing an additional 365 shares during the period. Apple comprises approximately 2.1% of West Bancorporation Inc.’s portfolio, making the stock its 14th largest holding. West Bancorporation Inc.’s holdings in Apple were worth $2,924,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Apple by 3.5% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,803,224 shares of the iPhone maker’s stock valued at $308,730,000 after purchasing an additional 60,162 shares in the last quarter. Grove Bank & Trust lifted its stake in Apple by 0.3% in the third quarter. Grove Bank & Trust now owns 173,422 shares of the iPhone maker’s stock valued at $29,692,000 after buying an additional 542 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Apple by 1,954.8% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 480,552 shares of the iPhone maker’s stock valued at $82,270,000 after buying an additional 457,165 shares during the last quarter. Cedar Wealth Management LLC lifted its stake in Apple by 14.3% in the third quarter. Cedar Wealth Management LLC now owns 7,548 shares of the iPhone maker’s stock valued at $1,292,000 after buying an additional 943 shares during the last quarter. Finally, Insight Wealth Partners LLC lifted its stake in Apple by 2.5% in the third quarter. Insight Wealth Partners LLC now owns 6,969 shares of the iPhone maker’s stock valued at $1,193,000 after buying an additional 168 shares during the last quarter. 58.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on AAPL. Bank of America upgraded Apple from a “neutral” rating to a “buy” rating and upped their price target for the stock from $208.00 to $225.00 in a research note on Thursday, January 18th. DA Davidson began coverage on Apple in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 price target for the company. The Goldman Sachs Group upped their price target on Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Needham & Company LLC restated a “buy” rating and set a $220.00 price target on shares of Apple in a research note on Friday, February 2nd. Finally, Redburn Partners cut Apple to a “neutral” rating and set a $200.00 price objective for the company. in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.72.

Check Out Our Latest Analysis on Apple

Apple Stock Performance

NASDAQ AAPL opened at $189.41 on Thursday. The business’s 50-day moving average price is $190.59 and its 200 day moving average price is $184.18. Apple Inc. has a twelve month low of $143.90 and a twelve month high of $199.62. The company has a market capitalization of $2.92 trillion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 2.25 and a beta of 1.31. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPLGet Free Report) last released its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.09. The firm had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.88 earnings per share. On average, research analysts predict that Apple Inc. will post 6.57 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 12th will be issued a $0.24 dividend. The ex-dividend date is Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.51%. Apple’s dividend payout ratio (DPR) is 14.95%.

Insider Transactions at Apple

In other news, SVP Katherine L. Adams sold 123,448 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $188.79, for a total value of $23,305,747.92. Following the transaction, the senior vice president now directly owns 293,266 shares in the company, valued at approximately $55,365,688.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Katherine L. Adams sold 123,448 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $188.79, for a total value of $23,305,747.92. Following the transaction, the senior vice president now directly owns 293,266 shares in the company, valued at approximately $55,365,688.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Chris Kondo sold 5,513 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $192.00, for a total value of $1,058,496.00. Following the sale, the insider now owns 29,174 shares in the company, valued at $5,601,408. The disclosure for this sale can be found here. Insiders have sold a total of 133,767 shares of company stock worth $25,248,740 in the last three months. 0.06% of the stock is currently owned by company insiders.

Apple Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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