Apple Inc. (NASDAQ:AAPL) Shares Acquired by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated grew its stake in Apple Inc. (NASDAQ:AAPL) by 23.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,514 shares of the iPhone maker’s stock after purchasing an additional 15,136 shares during the quarter. Apple makes up approximately 1.9% of Silver Oak Securities Incorporated’s holdings, making the stock its 4th biggest holding. Silver Oak Securities Incorporated’s holdings in Apple were worth $17,973,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bull Oak Capital LLC raised its stake in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after purchasing an additional 111 shares during the period. Hershey Financial Advisers LLC bought a new position in shares of Apple during the 2nd quarter worth about $42,000. Christopher J. Hasenberg Inc lifted its stake in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares during the period. Cordant Inc. grew its stake in Apple by 34.3% during the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock worth $158,000 after buying an additional 173 shares during the last quarter. Finally, Hoese & Co LLP increased its stake in shares of Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after buying an additional 57 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

Shares of AAPL opened at $255.27 on Tuesday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $255.65. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The stock has a market cap of $3.86 trillion, a price-to-earnings ratio of 41.99, a PEG ratio of 2.41 and a beta of 1.23. The business has a 50-day simple moving average of $234.97 and a two-hundred day simple moving average of $225.91.

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

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s payout ratio is 16.45%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AAPL shares. Morgan Stanley restated an “overweight” rating and set a $273.00 target price on shares of Apple in a research report on Friday, December 13th. Bank of America lifted their price target on shares of Apple to $256.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Loop Capital decreased their price target on shares of Apple from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Oppenheimer reissued a “buy” rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, October 1st. Finally, StockNews.com cut Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $236.78.

Insider Activity

In other Apple news, insider Chris Kondo sold 4,130 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 508,170 shares of company stock valued at $117,004,745. 0.06% of the stock is currently owned by 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.