Oakworth Capital Inc. increased its stake in Apple Inc. (NASDAQ:AAPL) by 24.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 84,608 shares of the iPhone maker’s stock after purchasing an additional 16,783 shares during the quarter. Apple makes up approximately 3.3% of Oakworth Capital Inc.’s portfolio, making the stock its 5th biggest holding. Oakworth Capital Inc.’s holdings in Apple were worth $12,185,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of AAPL. Saratoga Research & Investment Management grew its stake in Apple by 0.6% in the 1st quarter. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker’s stock valued at $95,840,000 after buying an additional 4,137 shares in the last quarter. Green Square Capital LLC grew its stake in Apple by 6.7% in the 1st quarter. Green Square Capital LLC now owns 87,456 shares of the iPhone maker’s stock valued at $12,564,000 after buying an additional 5,491 shares in the last quarter. Headinvest LLC grew its stake in Apple by 2.5% in the 2nd quarter. Headinvest LLC now owns 16,295 shares of the iPhone maker’s stock valued at $2,347,000 after buying an additional 390 shares in the last quarter. Lederer & Associates Investment Counsel CA grew its stake in Apple by 2.1% in the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock valued at $5,377,000 after buying an additional 779 shares in the last quarter. Finally, Texan Capital Management grew its stake in Apple by 1.6% in the 2nd quarter. Texan Capital Management now owns 25,591 shares of the iPhone maker’s stock valued at $3,686,000 after buying an additional 393 shares in the last quarter. 60.30% of the stock is currently owned by institutional investors.
In related news, insider Chris Kondo sold 6,209 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $161.96, for a total value of $1,005,609.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela J. Ahrendts sold 63,388 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. Insiders have sold a total of 411,389 shares of company stock valued at $65,364,467 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.
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Apple Inc. (AAPL) opened at $174.67 on Friday. Apple Inc. has a 1 year low of $104.08 and a 1 year high of $176.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. The firm has a market cap of $896,810.25, a price-to-earnings ratio of 18.99, a P/E/G ratio of 1.40 and a beta of 1.23.
Apple (NASDAQ:AAPL) last released its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The company had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. During the same quarter last year, the company earned $1.50 earnings per share. Apple’s quarterly revenue was up 12.2% compared to the same quarter last year. equities analysts anticipate that Apple Inc. will post 11.15 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, November 13th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, November 10th. Apple’s dividend payout ratio (DPR) is presently 27.39%.
A number of research analysts have recently commented on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $170.00 price target on shares of Apple in a research note on Tuesday, July 25th. Barclays PLC reissued a “hold” rating and issued a $146.00 price target on shares of Apple in a research note on Tuesday, August 15th. Vetr raised shares of Apple from a “hold” rating to a “buy” rating and set a $166.96 price target for the company in a research note on Thursday, August 17th. J P Morgan Chase & Co set a $165.00 price target on shares of Apple and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Finally, Citigroup Inc. set a $170.00 price target on shares of Apple and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Seven investment analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. Apple has a consensus rating of “Buy” and a consensus target price of $199.14.
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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