Country Club Bank Has $36.85 Million Position in Apple Inc. (NASDAQ:AAPL)

Country Club Bank raised its position in Apple Inc. (NASDAQ:AAPL) by 1.6% during the fourth quarter, Holdings Channel reports. The firm owned 146,130 shares of the iPhone maker’s stock after purchasing an additional 2,273 shares during the period. Apple comprises 2.5% of Country Club Bank’s portfolio, making the stock its 5th largest holding. Country Club Bank’s holdings in Apple were worth $36,854,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Drystone LLC acquired a new position in Apple in the fourth quarter valued at approximately $25,000. Bull Oak Capital LLC increased its stake in shares of Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple during the 3rd quarter valued at $71,000. Teachers Insurance & Annuity Association of America bought a new position in Apple during the third quarter worth $77,000. Finally, ARK Investment Management LLC bought a new position in Apple during the third quarter worth $110,000. 67.73% of the stock is owned by institutional investors.

Apple Stock Down 7.3 %

Apple stock opened at $188.38 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $2.83 trillion, a P/E ratio of 29.90, a P/E/G ratio of 2.44 and a beta of 1.18. The firm has a 50 day moving average price of $229.45 and a 200-day moving average price of $232.96. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, equities analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

Insider Buying and Selling at Apple

In other Apple news, CEO Timothy D. Cook sold 108,136 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the sale, the chief executive officer now owns 3,280,295 shares in the company, valued at $733,637,976.75. This represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Katherine L. Adams sold 38,822 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total value of $8,683,316.74. Following the completion of the transaction, the senior vice president now directly owns 179,158 shares of the company’s stock, valued at $40,072,269.86. The trade was a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 182,451 shares of company stock valued at $40,818,720 over the last three months. 0.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AAPL has been the topic of several research reports. Tigress Financial upped their price objective on shares of Apple from $295.00 to $300.00 and gave the company a “strong-buy” rating in a report on Thursday. Oppenheimer lowered Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. UBS Group increased their price target on Apple to $236.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Raymond James boosted their price objective on Apple to $250.00 and gave the company a “buy” rating in a report on Friday. Finally, Wells Fargo & Company increased their target price on Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

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.