OLD National Bancorp IN lifted its stake in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 35.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 664,640 shares of the iPhone maker’s stock after buying an additional 175,365 shares during the quarter. Apple makes up about 3.1% of OLD National Bancorp IN’s investment portfolio, making the stock its 3rd largest holding. OLD National Bancorp IN’s holdings in Apple were worth $90,870,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Elk River Wealth Management LLC grew its position in shares of Apple by 49.0% during the first quarter. Elk River Wealth Management LLC now owns 167,122 shares of the iPhone maker’s stock worth $29,181,000 after buying an additional 54,989 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Apple by 8.3% during the first quarter. EverSource Wealth Advisors LLC now owns 74,619 shares of the iPhone maker’s stock worth $13,029,000 after purchasing an additional 5,703 shares during the last quarter. Piscataqua Savings Bank lifted its stake in Apple by 1.5% during the first quarter. Piscataqua Savings Bank now owns 47,546 shares of the iPhone maker’s stock worth $8,302,000 after purchasing an additional 684 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Apple during the first quarter worth $171,000. Finally, Chico Wealth RIA bought a new position in Apple during the first quarter worth $7,794,000. Institutional investors and hedge funds own 57.72% of the company’s stock.Get Apple alerts:
In other news, SVP Katherine L. Adams sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total value of $4,119,250.00. Following the transaction, the senior vice president now owns 427,334 shares in the company, valued at approximately $70,411,823.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Deirdre O’brien sold 176,299 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $142.16, for a total value of $25,062,665.84. Following the completion of the sale, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at $19,374,986.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Katherine L. Adams sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total value of $4,119,250.00. Following the completion of the transaction, the senior vice president now owns 427,334 shares in the company, valued at approximately $70,411,823.18. The disclosure for this sale can be found here. In the last quarter, insiders have sold 306,087 shares of company stock valued at $47,252,854. 0.06% of the stock is owned by corporate insiders.
AAPL has been the topic of several research analyst reports. UBS Group set a $185.00 price objective on Apple in a research note on Friday. Fundamental Research set a $177.07 price objective on Apple and gave the stock a “buy” rating in a research note on Thursday, August 4th. Credit Suisse Group set a $190.00 target price on Apple in a research note on Tuesday. Wells Fargo & Company cut their target price on Apple from $205.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 20th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $139.00 target price on shares of Apple in a research note on Thursday, September 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $180.25.
NASDAQ:AAPL opened at $149.45 on Tuesday. The business’s 50-day moving average price is $153.31 and its 200 day moving average price is $152.06. The firm has a market cap of $2.40 trillion, a P/E ratio of 24.66, a PEG ratio of 1.81 and a beta of 1.25. Apple Inc. has a 52-week low of $129.04 and a 52-week high of $182.94. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 1.63.
Apple (NASDAQ:AAPL – Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.06. The firm had revenue of $82.96 billion for the quarter, compared to analysts’ expectations of $82.97 billion. Apple had a return on equity of 152.97% and a net margin of 25.71%. Apple’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $1.30 EPS. As a group, sell-side analysts predict that Apple Inc. will post 6.11 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Monday, August 8th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.92 dividend on an annualized basis and a yield of 0.62%. Apple’s dividend payout ratio is currently 15.18%.
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.
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