Apple Inc. (NASDAQ:AAPL) Shares Acquired by Amalgamated Bank

Amalgamated Bank raised its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,201,193 shares of the iPhone maker's stock after acquiring an additional 95,961 shares during the quarter. Apple makes up about 6.1% of Amalgamated Bank's portfolio, making the stock its biggest position. Amalgamated Bank's holdings in Apple were worth $745,878,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in AAPL. International Assets Investment Management LLC grew its holdings in Apple by 20,372.7% in the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker's stock worth $219,829,700,000 after purchasing an additional 93,886,664 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Apple by 5.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 52,981,808 shares of the iPhone maker's stock worth $11,160,183,000 after buying an additional 2,785,807 shares during the last quarter. Ameriprise Financial Inc. increased its position in Apple by 6.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 51,765,589 shares of the iPhone maker's stock valued at $10,909,457,000 after buying an additional 3,245,281 shares in the last quarter. American Century Companies Inc. raised its stake in Apple by 3.2% in the second quarter. American Century Companies Inc. now owns 34,619,614 shares of the iPhone maker's stock valued at $7,291,583,000 after buying an additional 1,065,759 shares during the last quarter. Finally, National Pension Service grew its stake in shares of Apple by 14.0% during the third quarter. National Pension Service now owns 27,882,996 shares of the iPhone maker's stock worth $6,496,738,000 after acquiring an additional 3,416,922 shares during the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Trading Up 0.2 %

AAPL traded up $0.49 during trading hours on Thursday, reaching $242.70. The company's stock had a trading volume of 37,560,095 shares, compared to its average volume of 43,806,977. The stock has a market cap of $3.67 trillion, a PE ratio of 39.92, a P/E/G ratio of 2.41 and a beta of 1.20. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The business's 50-day moving average is $239.91 and its 200-day moving average is $229.75.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The business had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company's quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.46 EPS. As a group, equities research analysts predict that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Friday, November 8th. Apple's dividend payout ratio (DPR) is presently 16.45%.

Insider Buying and Selling at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares of the company's stock, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on AAPL shares. Jefferies Financial Group downgraded shares of Apple from a "buy" rating to a "hold" rating and increased their price target for the stock from $205.00 to $212.92 in a report on Monday, October 7th. Piper Sandler reissued a "neutral" rating and set a $225.00 target price on shares of Apple in a report on Wednesday, October 9th. Citigroup upped their price target on shares of Apple to $185.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Oppenheimer restated a "buy" rating and issued a $250.00 price target on shares of Apple in a research note on Tuesday, October 1st. Finally, Morgan Stanley reiterated an "overweight" rating and set a $273.00 price target on shares of Apple in a research report on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Apple has an average rating of "Moderate Buy" and a consensus price target of $237.64.

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.