Apple Inc. (NASDAQ:AAPL) Shares Sold by Park National Corp OH

Park National Corp OH lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 502,193 shares of the iPhone maker’s stock after selling 22,382 shares during the quarter. Apple makes up 4.6% of Park National Corp OH’s investment portfolio, making the stock its 2nd largest holding. Park National Corp OH’s holdings in Apple were worth $125,759,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AAPL. Bull Oak Capital LLC boosted its position in Apple by 252.3% during the third 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 last quarter. Hershey Financial Advisers LLC purchased a new stake in shares of Apple during the 2nd quarter worth about $42,000. Christopher J. Hasenberg Inc raised its stake in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in shares of Apple during the 3rd quarter valued at about $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple in the 3rd quarter valued at approximately $77,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Price Performance

Shares of AAPL stock opened at $244.47 on Wednesday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10. The company has a market capitalization of $3.67 trillion, a P/E ratio of 38.80, a P/E/G ratio of 2.32 and a beta of 1.20. The stock has a 50 day moving average of $240.66 and a two-hundred day moving average of $231.94. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, equities analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. Apple’s payout ratio is 15.87%.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their target price on shares of Apple from $280.00 to $294.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Loop Capital lowered shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research note on Tuesday, January 21st. Rosenblatt Securities reissued a “buy” rating and set a $262.00 target price on shares of Apple in a research report on Monday, January 27th. Wedbush restated an “outperform” rating and set a $325.00 target price on shares of Apple in a report on Thursday, January 23rd. Finally, Evercore ISI upped their price target on Apple from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $242.52.

Insider Activity at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by corporate 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.