Apple Inc. (NASDAQ:AAPL) Shares Bought by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Apple Inc. (NASDAQ:AAPL) by 23.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 499,426 shares of the iPhone maker’s stock after acquiring an additional 96,362 shares during the quarter. Apple comprises 3.2% of OVERSEA CHINESE BANKING Corp Ltd’s portfolio, making the stock its 7th biggest position. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Apple were worth $116,265,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lantz Financial LLC grew its stake in shares of Apple by 8.6% in the second quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock valued at $6,266,000 after buying an additional 2,361 shares in the last quarter. BigSur Wealth Management LLC grew its stake in shares of Apple by 2.2% in the second quarter. BigSur Wealth Management LLC now owns 52,103 shares of the iPhone maker’s stock valued at $10,974,000 after buying an additional 1,120 shares in the last quarter. Hobbs Group Advisors LLC acquired a new stake in shares of Apple in the second quarter valued at about $3,417,000. GFG Capital LLC grew its stake in shares of Apple by 0.3% in the second quarter. GFG Capital LLC now owns 113,656 shares of the iPhone maker’s stock valued at $23,938,000 after buying an additional 325 shares in the last quarter. Finally, Hall Laurie J Trustee grew its stake in shares of Apple by 1.1% in the second quarter. Hall Laurie J Trustee now owns 60,797 shares of the iPhone maker’s stock valued at $12,805,000 after buying an additional 686 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity 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 value of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the sale, the insider now owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Citigroup increased their target price on Apple to $185.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Barclays increased their target price on Apple to $184.00 and gave the company a “sell” rating in a research note on Friday, January 10th. Moffett Nathanson reissued a “sell” rating and issued a $188.00 price target (down previously from $202.00) on shares of Apple in a report on Tuesday, January 7th. Bank of America reissued a “buy” rating and issued a $256.00 price target on shares of Apple in a report on Friday, January 3rd. Finally, StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.85.

Apple Trading Up 0.8 %

Shares of NASDAQ AAPL opened at $229.98 on Monday. The company has a market cap of $3.46 trillion, a price-to-earnings ratio of 37.83, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. 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 stock’s 50 day simple moving average is $241.01 and its 200 day simple moving average is $230.72.

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, 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 business had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter last year, the business posted $1.46 EPS. The business’s revenue was up 6.1% on a year-over-year basis. Equities research analysts expect that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.43%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio is currently 16.45%.

Apple 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.