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

Iowa State Bank increased its stake in Apple Inc. (NASDAQ:AAPL) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,106 shares of the iPhone maker’s stock after purchasing an additional 1,431 shares during the quarter. Apple makes up 3.9% of Iowa State Bank’s investment portfolio, making the stock its 4th largest holding. Iowa State Bank’s holdings in Apple were worth $17,504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Christopher J. Hasenberg Inc purchased a new position in shares of Apple during the 1st quarter valued at $35,000. Fidelis Capital Partners LLC boosted its position in Apple by 17.9% during the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after purchasing an additional 31,278 shares during the last quarter. A.P. Gilfoyle & Co. L.P. purchased a new position in Apple in the fourth quarter valued at about $39,000. University of Texas Texas AM Investment Managment Co. increased its position in Apple by 657.1% in the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after purchasing an additional 368 shares during the last quarter. Finally, Clarity Asset Management Inc. purchased a new stake in shares of Apple during the 4th quarter worth about $85,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on AAPL. Loop Capital upgraded shares of Apple from a “hold” rating to a “buy” rating and increased their price target for the stock from $170.00 to $300.00 in a research note on Monday, July 15th. StockNews.com raised shares of Apple from a “hold” rating to a “buy” rating in a research report on Friday. Sanford C. Bernstein boosted their price target on Apple from $195.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, June 21st. Robert W. Baird increased their price objective on Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Bank of America reissued a “buy” rating and issued a $256.00 price objective on shares of Apple in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus target price of $239.17.

Insider Activity at Apple

In other news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the transaction, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the sale, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the transaction, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,469,275. The disclosure for this sale can be found here. Insiders sold a total of 113,884 shares of company stock worth $23,723,887 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Down 0.8 %

Shares of NASDAQ AAPL opened at $226.47 on Tuesday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.23. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The firm has a market capitalization of $3.47 trillion, a P/E ratio of 35.22, a P/E/G ratio of 2.62 and a beta of 1.24. The company’s 50 day simple moving average is $222.25 and its 200 day simple moving average is $200.82.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The business had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. Apple’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the company posted $1.26 EPS. On average, analysts predict that Apple Inc. will post 6.7 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio is currently 15.55%.

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.