Fifth Third Bancorp Has $1.08 Billion Stock Position in Apple Inc. (NASDAQ:AAPL)

Fifth Third Bancorp lessened its position in Apple Inc. (NASDAQ:AAPLFree Report) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,318,912 shares of the iPhone maker’s stock after selling 48,716 shares during the period. Apple accounts for about 5.0% of Fifth Third Bancorp’s portfolio, making the stock its biggest holding. Fifth Third Bancorp’s holdings in Apple were worth $1,081,861,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Center For Asset Management LLC grew its position in shares of Apple by 53.3% in the 2nd quarter. Center For Asset Management LLC now owns 21,898 shares of the iPhone maker’s stock valued at $4,247,000 after buying an additional 7,616 shares during the last quarter. Kingdom Financial Group LLC. boosted its position in shares of Apple by 5.5% during the 3rd quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock valued at $1,963,000 after purchasing an additional 598 shares in the last quarter. RFG Advisory LLC boosted its position in shares of Apple by 13.6% during the 3rd quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock valued at $29,589,000 after purchasing an additional 20,737 shares in the last quarter. Conrad Siegel Investment Advisors Inc. boosted its position in shares of Apple by 22.2% during the 2nd quarter. Conrad Siegel Investment Advisors Inc. now owns 7,897 shares of the iPhone maker’s stock valued at $1,532,000 after purchasing an additional 1,436 shares in the last quarter. Finally, Tsfg LLC boosted its position in shares of Apple by 2.2% during the 3rd quarter. Tsfg LLC now owns 50,943 shares of the iPhone maker’s stock valued at $8,722,000 after purchasing an additional 1,091 shares in the last quarter. Institutional investors and hedge funds own 58.51% of the company’s stock.

Insider Buying and Selling at Apple

In other news, insider Chris Kondo sold 5,513 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $192.00, for a total value of $1,058,496.00. Following the completion of the transaction, the insider now directly owns 29,174 shares of the company’s stock, valued at $5,601,408. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Chris Kondo sold 5,513 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $192.00, for a total value of $1,058,496.00. Following the completion of the transaction, the insider now directly owns 29,174 shares of the company’s stock, valued at $5,601,408. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 123,448 shares of the firm’s stock in a transaction on 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 completion of the transaction, the senior vice president now directly owns 293,266 shares of the company’s stock, valued at $55,365,688.14. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

Apple Price Performance

Shares of NASDAQ AAPL opened at $187.15 on Tuesday. The stock has a fifty day simple moving average of $190.46 and a two-hundred day simple moving average of $184.00. Apple Inc. has a 1-year low of $143.90 and a 1-year high of $199.62. The firm has a market cap of $2.89 trillion, a price-to-earnings ratio of 29.15, a price-to-earnings-growth ratio of 2.27 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 announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. During the same period in the prior year, the company earned $1.88 earnings per share. Apple’s revenue was up 2.1% compared to the same quarter last year. Analysts anticipate that Apple Inc. will post 6.56 earnings per share for the current year.

Apple Announces Dividend

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

Analysts Set New Price Targets

AAPL has been the topic of several research analyst reports. KeyCorp restated a “sector weight” rating on shares of Apple in a research report on Monday, October 30th. Redburn Atlantic lowered Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a research report on Wednesday, January 10th. Redburn Partners lowered Apple to a “neutral” rating and set a $200.00 price target on the stock. in a report on Wednesday, January 10th. Oppenheimer reiterated an “outperform” rating and issued a $200.00 price target on shares of Apple in a report on Friday, February 2nd. Finally, Bank of America upgraded Apple from a “neutral” rating to a “buy” rating and increased their price target for the stock from $208.00 to $225.00 in a report on Thursday, January 18th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $205.72.

Check Out Our Latest Report on Apple

About Apple

(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.

See Also

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLFree Report).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.