Treynor Bancshares Inc. Lowers Stake in Apple Inc. (NASDAQ:AAPL)

Treynor Bancshares Inc. lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 49.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,274 shares of the iPhone maker’s stock after selling 4,203 shares during the quarter. Treynor Bancshares Inc.’s holdings in Apple were worth $900,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AAPL. Nvest Financial LLC raised its holdings in Apple by 3.9% in the 1st quarter. Nvest Financial LLC now owns 34,386 shares of the iPhone maker’s stock worth $5,896,000 after acquiring an additional 1,299 shares during the last quarter. Myecfo LLC increased its holdings in shares of Apple by 2.5% in the 1st quarter. Myecfo LLC now owns 15,356 shares of the iPhone maker’s stock worth $2,633,000 after purchasing an additional 376 shares in the last quarter. Naviter Wealth LLC increased its holdings in shares of Apple by 25.4% in the 1st quarter. Naviter Wealth LLC now owns 91,088 shares of the iPhone maker’s stock worth $15,620,000 after purchasing an additional 18,441 shares in the last quarter. Saxon Interests Inc. raised its stake in shares of Apple by 8.9% in the first quarter. Saxon Interests Inc. now owns 41,398 shares of the iPhone maker’s stock worth $7,099,000 after purchasing an additional 3,383 shares during the last quarter. Finally, MBM Wealth Consultants LLC lifted its holdings in shares of Apple by 4.5% during the first quarter. MBM Wealth Consultants LLC now owns 13,278 shares of the iPhone maker’s stock valued at $2,277,000 after purchasing an additional 575 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $224.23 on Tuesday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $3.39 trillion, a price-to-earnings ratio of 36.88, a PEG ratio of 2.22 and a beta of 1.24. The firm’s 50-day moving average is $226.82 and its 200 day moving average is $214.68.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. Apple’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.46 earnings per share. Research analysts predict that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.45%. Apple’s dividend payout ratio (DPR) is 16.45%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AAPL shares. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $265.00 target price on shares of Apple in a research report on Tuesday, September 10th. UBS Group restated a “hold” rating and set a $236.00 price objective on shares of Apple in a research report on Wednesday, October 16th. Citigroup lifted their target price on shares of Apple to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Oppenheimer reissued a “buy” rating and set a $250.00 price target on shares of Apple in a report on Tuesday, October 1st. Finally, The Goldman Sachs Group lifted their price objective on Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $235.51.

Insider Transactions at Apple

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the company’s 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 transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP Katherine L. Adams sold 61,019 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the transaction, the senior vice president now directly owns 187,043 shares of the company’s stock, valued at $42,309,126.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 412,746 shares of company stock valued at $93,021,362 in the last quarter. 0.06% of the stock is currently 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.