Peoples Bank OH Grows Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Peoples Bank OH boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,924 shares of the iPhone maker’s stock after buying an additional 161 shares during the period. Apple makes up about 3.9% of Peoples Bank OH’s holdings, making the stock its 5th largest holding. Peoples Bank OH’s holdings in Apple were worth $7,671,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AAPL. International Assets Investment Management LLC grew its stake in Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after buying an additional 93,886,664 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in shares of Apple by 14,145.8% during the 2nd quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock worth $1,603,000 after acquiring an additional 7,558,826 shares during the last quarter. William Blair Investment Management LLC purchased a new position in Apple in the second quarter worth $834,368,000. Ameriprise Financial Inc. increased its stake in Apple by 6.7% in the second quarter. Ameriprise Financial Inc. now owns 51,765,589 shares of the iPhone maker’s stock valued at $10,909,457,000 after acquiring an additional 3,245,281 shares during the last quarter. Finally, Tairen Capital Ltd purchased a new stake in Apple during the second quarter valued at about $588,952,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Performance

Shares of AAPL opened at $254.49 on Monday. The company has a 50-day simple moving average of $234.97 and a two-hundred day simple moving average of $225.70. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The firm has a market capitalization of $3.85 trillion, a PE ratio of 41.86, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. Apple Inc. has a one year low of $164.07 and a one year high of $255.00.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.46 EPS. On average, analysts anticipate that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AAPL shares. Melius Research reiterated a “buy” rating and set a $265.00 price objective on shares of Apple in a research report on Tuesday, August 27th. Jefferies Financial Group cut shares of Apple from a “buy” rating to a “hold” rating and increased their price target for the company from $205.00 to $212.92 in a research report on Monday, October 7th. Maxim Group boosted their price objective on shares of Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Barclays cut their price objective on shares of Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, November 1st. Finally, Oppenheimer reiterated a “buy” rating and issued a $250.00 target price on shares of Apple in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average target price of $236.78.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction 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 directly owns 3,280,180 shares in the company, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 508,170 shares of company stock valued at $117,004,745 in the last three months. 0.06% of the stock is currently owned by company insiders.

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.