Apple Inc. (NASDAQ:AAPL) Shares Bought by First Hawaiian Bank

First Hawaiian Bank grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 11.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 131,958 shares of the iPhone maker’s stock after purchasing an additional 13,949 shares during the quarter. Apple makes up about 1.1% of First Hawaiian Bank’s investment portfolio, making the stock its 9th biggest position. First Hawaiian Bank’s holdings in Apple were worth $33,045,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Bull Oak Capital LLC increased its position in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares during the last quarter. Hershey Financial Advisers LLC acquired a new position in shares of Apple in the 2nd quarter valued at $42,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of Apple during the 3rd quarter valued at $71,000. Christopher J. Hasenberg Inc increased its holdings in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after buying an additional 144 shares during the last quarter. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple during the 3rd quarter worth $77,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of research reports. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Rosenblatt Securities reissued a “buy” rating and set a $262.00 target price on shares of Apple in a research report on Monday, January 27th. Morgan Stanley lifted their price target on shares of Apple from $273.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Oppenheimer downgraded shares of Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Finally, Moffett Nathanson reissued a “sell” rating and issued a $188.00 target price (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $242.52.

Apple Stock Down 0.1 %

AAPL stock opened at $244.47 on Wednesday. The firm has a market cap of $3.67 trillion, a price-to-earnings ratio of 38.80, a PEG ratio of 2.32 and a beta of 1.20. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10. The firm has a fifty day moving average price of $240.66 and a two-hundred day moving average price of $231.94. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is 15.87%.

Insiders Place Their Bets

In related news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is owned by insiders.

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.