Apple Inc. (NASDAQ:AAPL) Shares Bought by Zions Bancorporation N.A.

Zions Bancorporation N.A. increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 7.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,706 shares of the iPhone maker’s stock after acquiring an additional 6,689 shares during the quarter. Apple comprises about 1.7% of Zions Bancorporation N.A.’s investment portfolio, making the stock its 9th largest position. Zions Bancorporation N.A.’s holdings in Apple were worth $21,632,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. GoalVest Advisory LLC grew its stake in shares of Apple by 53.1% during the first quarter. GoalVest Advisory LLC now owns 10,835 shares of the iPhone maker’s stock worth $1,858,000 after purchasing an additional 3,757 shares during the period. Key Client Fiduciary Advisors LLC boosted its holdings in Apple by 6.1% during the first quarter. Key Client Fiduciary Advisors LLC now owns 49,858 shares of the iPhone maker’s stock worth $8,550,000 after buying an additional 2,886 shares during the last quarter. Aletheian Wealth Advisors LLC grew its position in shares of Apple by 71.0% during the 1st quarter. Aletheian Wealth Advisors LLC now owns 26,776 shares of the iPhone maker’s stock worth $4,592,000 after buying an additional 11,116 shares during the period. Visionary Horizons LLC grew its position in shares of Apple by 1.4% during the 1st quarter. Visionary Horizons LLC now owns 4,780 shares of the iPhone maker’s stock worth $844,000 after buying an additional 66 shares during the period. Finally, Matrix Asset Advisors Inc. NY increased its stake in shares of Apple by 0.3% in the 1st quarter. Matrix Asset Advisors Inc. NY now owns 139,292 shares of the iPhone maker’s stock valued at $23,886,000 after acquiring an additional 432 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Apple Stock Down 1.8 %

Shares of NASDAQ AAPL opened at $225.91 on Friday. The company has a market cap of $3.43 trillion, a price-to-earnings ratio of 34.39, a PEG ratio of 2.40 and a beta of 1.24. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The stock has a 50-day moving average price of $227.26 and a two-hundred day moving average price of $211.69.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The business had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. During the same period in the prior year, the company earned $1.26 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, analysts forecast that Apple Inc. will post 6.65 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Apple’s dividend payout ratio (DPR) is 15.22%.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of analyst reports. Robert W. Baird boosted their price objective on shares of Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Raymond James raised their price objective on Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. The Goldman Sachs Group boosted their target price on Apple from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Barclays restated an “underweight” rating and issued a $186.00 price target on shares of Apple in a report on Tuesday, October 1st. Finally, Melius Research reiterated a “buy” rating and set a $265.00 price objective on shares of Apple in a report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.91.

Insider Activity at Apple

In related news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the sale, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 517,924 shares of company stock valued at $114,786,399 in the last 90 days. 0.06% of the stock is owned by corporate insiders.

About Apple

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.