OLD National Bancorp IN Buys 3,087 Shares of Apple Inc. (NASDAQ:AAPL)

OLD National Bancorp IN raised its stake in Apple Inc. (NASDAQ:AAPL) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 618,975 shares of the iPhone maker’s stock after acquiring an additional 3,087 shares during the period. Apple accounts for approximately 3.7% of OLD National Bancorp IN’s portfolio, making the stock its 3rd largest position. OLD National Bancorp IN’s holdings in Apple were worth $155,004,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. High Net Worth Advisory Group LLC boosted its stake in Apple by 1.7% during the 3rd quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after purchasing an additional 1,066 shares during the period. Amara Financial LLC. acquired a new stake in shares of Apple during the third quarter worth about $288,000. Sterling Investment Counsel LLC grew its holdings in shares of Apple by 3.8% during the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock worth $16,269,000 after buying an additional 2,565 shares during the last quarter. Silicon Valley Capital Partners increased its position in Apple by 12.8% in the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock valued at $59,122,000 after acquiring an additional 28,799 shares during the period. Finally, Catalyst Financial Partners LLC raised its stake in Apple by 4.2% during the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock valued at $22,505,000 after acquiring an additional 3,935 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on AAPL shares. Redburn Partners set a $230.00 target price on Apple 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 on the stock. in a research report on Tuesday, January 21st. Moffett Nathanson restated a “sell” rating and set a $188.00 price objective (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and issued a $260.00 target price on shares of Apple in a research note on Friday, January 31st. Finally, Morgan Stanley dropped their price target on shares of Apple from $275.00 to $252.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 12th. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.65.

Apple Trading Up 1.4 %

Shares of AAPL stock opened at $223.75 on Wednesday. The company has a market capitalization of $3.36 trillion, a price-to-earnings ratio of 35.52, a PEG ratio of 2.44 and a beta of 1.18. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The firm has a 50-day moving average price of $231.35 and a 200 day moving average price of $233.43. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio is presently 15.87%.

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.