Moody National Bank Trust Division Has $37.43 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Moody National Bank Trust Division raised its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 7.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 160,653 shares of the iPhone maker's stock after buying an additional 11,213 shares during the period. Apple makes up 4.0% of Moody National Bank Trust Division's portfolio, making the stock its 2nd biggest position. Moody National Bank Trust Division's holdings in Apple were worth $37,432,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Fidelis Capital Partners LLC grew its stake in shares of Apple by 17.9% in the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker's stock worth $35,000 after purchasing an additional 31,278 shares during the last quarter. Hershey Financial Advisers LLC acquired a new position in shares of Apple in the 2nd quarter worth approximately $42,000. Access Investment Management LLC acquired a new position in shares of Apple in the 1st quarter worth approximately $140,000. Hoese & Co LLP grew its stake in shares of Apple by 6.7% in the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker's stock worth $175,000 after purchasing an additional 57 shares during the last quarter. Finally, Sage Financial Group Inc. acquired a new position in shares of Apple in the second quarter worth about $206,000. Institutional investors and hedge funds own 60.41% of the company's stock.

Apple Trading Up 0.3 %

Shares of NASDAQ:AAPL opened at $229.00 on Thursday. The company has a market cap of $3.46 trillion, a P/E ratio of 37.66, a P/E/G ratio of 2.20 and a beta of 1.24. The stock's 50-day moving average is $227.47 and its 200-day moving average is $217.40. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.49. 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 (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same period last year, the business earned $1.46 earnings per share. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. Equities research analysts predict that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Friday, November 8th. Apple's dividend payout ratio (DPR) is presently 16.45%.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 61,019 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total value of $13,802,497.80. Following the completion of the transaction, the senior vice president now owns 187,043 shares in the company, valued at approximately $42,309,126.60. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the transaction, the chief executive officer now owns 3,280,180 shares of the company's stock, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 408,170 shares of company stock valued at $92,007,745. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Citigroup raised their target price on shares of Apple to $185.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Melius Research reiterated a "buy" rating and issued a $265.00 target price on shares of Apple in a report on Tuesday, August 27th. The Goldman Sachs Group raised their target price on shares of Apple from $265.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Maxim Group raised their target price on shares of Apple from $203.00 to $215.00 and gave the stock a "hold" rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a $265.00 target price on shares of Apple in a report on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $235.25.

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.