Security National Bank of Sioux City Iowa IA boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 10.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,327 shares of the iPhone maker’s stock after acquiring an additional 1,210 shares during the quarter. Apple makes up approximately 1.9% of Security National Bank of Sioux City Iowa IA’s portfolio, making the stock its 10th largest holding. Security National Bank of Sioux City Iowa IA’s holdings in Apple were worth $1,915,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Portfolio Solutions LLC bought a new position in shares of Apple in the first quarter valued at approximately $169,000. Fox Run Management L.L.C. bought a new position in shares of Apple in the first quarter valued at approximately $201,000. Stone House Investment Management LLC bought a new position in shares of Apple in the first quarter valued at approximately $225,000. Salem Capital Management Inc. bought a new position in shares of Apple in the first quarter valued at approximately $226,000. Finally, Access Financial Services Inc. bought a new position in shares of Apple in the fourth quarter valued at approximately $261,000. 60.45% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Timothy D. Cook sold 268,623 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $160.63, for a total value of $43,148,912.49. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Johny Srouji sold 10,469 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $162.20, for a total value of $1,698,071.80. Following the completion of the transaction, the senior vice president now owns 76,250 shares in the company, valued at $12,367,750. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 432,930 shares of company stock worth $69,008,577. Company insiders own 0.08% of the company’s stock.
Shares of Apple Inc. (NASDAQ:AAPL) traded down 0.074% during mid-day trading on Tuesday, hitting $161.381. The company’s stock had a trading volume of 18,652,308 shares. Apple Inc. has a 52-week low of $104.08 and a 52-week high of $164.94. The stock’s 50 day moving average price is $158.02 and its 200 day moving average price is $148.85. The company has a market cap of $833.57 billion, a price-to-earnings ratio of 18.322 and a beta of 1.27.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.10. The firm had revenue of $45.41 billion for the quarter, compared to the consensus estimate of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the business posted $1.42 EPS. Equities analysts forecast that Apple Inc. will post $9.02 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 14th were paid a $0.63 dividend. The ex-dividend date was Thursday, August 10th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.56%. Apple’s dividend payout ratio (DPR) is currently 28.64%.
A number of equities analysts have recently commented on AAPL shares. UBS AG reissued a “buy” rating and issued a $170.00 price target on shares of Apple in a research report on Monday, July 31st. Wells Fargo & Company reissued a “market perform” rating and issued a $140.00 price target on shares of Apple in a research report on Saturday, July 22nd. KeyCorp reissued an “equal weight” rating on shares of Apple in a research report on Friday, August 4th. Goldman Sachs Group, Inc. (The) set a $170.00 price target on shares of Apple and gave the company a “buy” rating in a research report on Saturday, May 20th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $177.00 price target on shares of Apple in a research report on Friday, June 16th. Eleven equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $169.30.
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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