Banco Santander S.A. Has $210.83 Million Position in Apple Inc. (NASDAQ:AAPL)

Banco Santander S.A. increased its holdings in Apple Inc. (NASDAQ:AAPL) by 2.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,000,981 shares of the iPhone maker’s stock after purchasing an additional 25,847 shares during the period. Apple makes up 2.6% of Banco Santander S.A.’s portfolio, making the stock its 6th biggest position. Banco Santander S.A.’s holdings in Apple were worth $210,827,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AAPL. Fortis Capital Advisors LLC raised its holdings in Apple by 6.7% during the 4th quarter. Fortis Capital Advisors LLC now owns 66,866 shares of the iPhone maker’s stock worth $12,874,000 after purchasing an additional 4,178 shares during the last quarter. Wilson & Boucher Capital Management LLC lifted its stake in Apple by 5.0% in the 4th quarter. Wilson & Boucher Capital Management LLC now owns 38,792 shares of the iPhone maker’s stock valued at $7,469,000 after acquiring an additional 1,848 shares in the last quarter. Act Two Investors LLC lifted its position in Apple by 7.1% during the 4th quarter. Act Two Investors LLC now owns 97,097 shares of the iPhone maker’s stock worth $18,694,000 after buying an additional 6,445 shares in the last quarter. Cape Investment Advisory Inc. boosted its holdings in shares of Apple by 67.1% in the 4th quarter. Cape Investment Advisory Inc. now owns 28,298 shares of the iPhone maker’s stock valued at $5,448,000 after buying an additional 11,367 shares during the last quarter. Finally, DSM Capital Partners LLC bought a new position in Apple during the fourth quarter worth about $568,000. Institutional investors own 60.41% of the company’s stock.

Apple Trading Up 0.5 %

Shares of Apple stock opened at $226.80 on Friday. The firm has a market cap of $3.48 trillion, a PE ratio of 35.27, a P/E/G ratio of 2.66 and a beta of 1.24. The stock has a fifty day moving average price of $222.90 and a 200-day moving average price of $204.06. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.23.

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

Apple Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction on Wednesday, October 2nd. The stock was 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 in the company, valued at approximately $736,269,202.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 458,619 shares of company stock valued at $101,352,630. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on AAPL shares. Tigress Financial lifted their price target on Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a report on Wednesday, August 28th. The Goldman Sachs Group lifted their price target on shares of Apple from $265.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 2nd. KeyCorp reaffirmed a “hold” rating and issued a $247.61 price objective on shares of Apple in a research note on Wednesday, August 28th. New Street Research restated a “neutral” rating and set a $225.00 price objective on shares of Apple in a research report on Wednesday, September 25th. Finally, Cfra lifted their price objective on Apple from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $238.76.

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.