Apple Inc. (NASDAQ:AAPL) Stock Holdings Raised by First American Bank

First American Bank lifted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 663,661 shares of the iPhone maker's stock after acquiring an additional 5,842 shares during the period. Apple accounts for about 11.1% of First American Bank's investment portfolio, making the stock its largest holding. First American Bank's holdings in Apple were worth $154,633,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AAPL. Bull Oak Capital LLC boosted its stake 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 acquiring an additional 111 shares in the last quarter. Hershey Financial Advisers LLC purchased a new position in shares of Apple during the second quarter valued at approximately $42,000. Christopher J. Hasenberg Inc boosted its position in shares of Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock worth $69,000 after purchasing an additional 144 shares in the last quarter. Cordant Inc. grew its stake in shares of Apple by 34.3% in the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker's stock worth $158,000 after buying an additional 173 shares during the last quarter. Finally, Sage Financial Group Inc. bought a new position in Apple during the 2nd quarter valued at approximately $206,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AAPL shares. Oppenheimer reissued a "buy" rating and issued a $250.00 target price on shares of Apple in a report on Tuesday, October 1st. Wells Fargo & Company upped their price target on shares of Apple to $275.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Piper Sandler restated a "neutral" rating and set a $225.00 price objective on shares of Apple in a research note on Wednesday, October 9th. Barclays dropped their target price on shares of Apple from $186.00 to $184.00 and set an "underweight" rating on the stock in a research note on Friday, November 1st. Finally, UBS Group reissued a "neutral" rating and set a $236.00 price target on shares of Apple in a research report on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $237.47.

Apple Stock Performance

Shares of NASDAQ AAPL traded down $3.43 during trading on Friday, hitting $255.59. The company had a trading volume of 42,297,621 shares, compared to its average volume of 57,290,680. The stock has a 50 day simple moving average of $237.41 and a 200 day simple moving average of $227.79. The firm has a market capitalization of $3.86 trillion, a P/E ratio of 42.04, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.60 by $0.04. The company had revenue of $94.93 billion for the quarter, compared to analysts' expectations of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm's revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.46 EPS. As a group, analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. Apple's dividend payout ratio is presently 16.45%.

Insider Activity

In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of the business's stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total value of $13,550,347.80. Following the sale, the chief operating officer now owns 489,944 shares in the company, valued at $111,148,695.84. The trade was a 10.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the firm's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares of the company's stock, valued at approximately $736,269,202.80. The trade was a 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 508,170 shares of company stock worth $117,004,745 over the last ninety days. Corporate insiders own 0.06% of the company's stock.

Apple Profile

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.