Apple Inc. (NASDAQ:AAPL) Shares Bought by Baker Boyer National Bank

Baker Boyer National Bank lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,015 shares of the iPhone maker’s stock after acquiring an additional 650 shares during the quarter. Apple makes up approximately 1.6% of Baker Boyer National Bank’s holdings, making the stock its 10th largest holding. Baker Boyer National Bank’s holdings in Apple were worth $4,896,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of AAPL. China Universal Asset Management Co. Ltd. raised its holdings in shares of Apple by 127.4% in the first quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock valued at $12,943,000 after buying an additional 42,282 shares during the last quarter. Northwest Wealth Management LLC grew its position in shares of Apple by 15.5% during the 1st quarter. Northwest Wealth Management LLC now owns 45,135 shares of the iPhone maker’s stock worth $7,740,000 after buying an additional 6,050 shares during the period. MayTech Global Investments LLC grew its holdings in Apple by 9.5% during the 1st quarter. MayTech Global Investments LLC now owns 182,115 shares of the iPhone maker’s stock worth $31,229,000 after acquiring an additional 15,853 shares during the period. Vident Advisory LLC increased its holdings in Apple by 26.3% in the first quarter. Vident Advisory LLC now owns 285,925 shares of the iPhone maker’s stock valued at $49,031,000 after purchasing an additional 59,568 shares during the last quarter. Finally, EntryPoint Capital LLC increased its stake in shares of Apple by 417.6% in the 1st quarter. EntryPoint Capital LLC now owns 1,822 shares of the iPhone maker’s stock valued at $312,000 after acquiring an additional 1,470 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Apple

In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total value of $13,550,347.80. Following the transaction, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at $111,148,695.84. This represents a 10.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 61,019 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the transaction, the senior vice president now owns 187,043 shares in the company, valued at $42,309,126.60. The trade was a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 408,170 shares of company stock worth $92,007,745 over the last ninety days. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. UBS Group reissued a “neutral” rating and issued a $236.00 price target on shares of Apple in a report on Monday, December 2nd. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $245.00 price target on shares of Apple in a research report on Monday, September 9th. Evercore ISI reiterated a “buy” rating and issued a $250.00 price objective on shares of Apple in a research report on Thursday, September 26th. Needham & Company LLC reissued a “buy” rating and set a $260.00 target price on shares of Apple in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $265.00 price target on shares of Apple in a research note on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $236.78.

Apple Trading Up 0.1 %

Apple stock opened at $248.13 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The stock has a 50-day simple moving average of $232.50 and a 200 day simple moving average of $223.64. The stock has a market capitalization of $3.75 trillion, a P/E ratio of 40.81, a PEG ratio of 2.41 and a beta of 1.23. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $250.80.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same period in the previous year, the company posted $1.46 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. Analysts expect that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.40%. Apple’s dividend payout ratio is currently 16.45%.

Apple Company 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.