Apple Inc. (NASDAQ:AAPL) Shares Bought by Busey Bank

Busey Bank increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,025,702 shares of the iPhone maker’s stock after acquiring an additional 7,805 shares during the period. Apple comprises about 7.4% of Busey Bank’s investment portfolio, making the stock its biggest position. Busey Bank’s holdings in Apple were worth $216,033,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Foresight Capital Management Advisors Inc. raised its position in shares of Apple by 0.3% during the second quarter. Foresight Capital Management Advisors Inc. now owns 19,005 shares of the iPhone maker’s stock worth $4,003,000 after purchasing an additional 55 shares during the period. Altus Wealth Management LLC increased its holdings in Apple by 0.6% during the 2nd quarter. Altus Wealth Management LLC now owns 9,508 shares of the iPhone maker’s stock worth $2,002,000 after purchasing an additional 55 shares in the last quarter. Hoese & Co LLP grew its holdings in shares of Apple by 6.7% during the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after buying an additional 57 shares in the last quarter. Stableford Capital II LLC lifted its stake in Apple by 0.3% in the 1st quarter. Stableford Capital II LLC now owns 17,156 shares of the iPhone maker’s stock valued at $2,942,000 after acquiring an additional 59 shares in the last quarter. Finally, Whitcomb & Hess Inc. grew its stake in shares of Apple by 1.7% during the 2nd quarter. Whitcomb & Hess Inc. now owns 3,540 shares of the iPhone maker’s stock worth $746,000 after acquiring an additional 59 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on AAPL shares. DA Davidson upgraded shares of Apple from a “neutral” rating to a “buy” rating and increased their target price for the stock from $200.00 to $230.00 in a report on Tuesday, June 11th. Erste Group Bank upgraded Apple from a “hold” rating to a “buy” rating in a report on Friday, June 14th. Maxim Group reissued a “hold” rating and set a $203.00 price target on shares of Apple in a research report on Tuesday, September 10th. Bank of America reissued a “buy” rating and issued a $256.00 price objective on shares of Apple in a research report on Thursday, September 5th. Finally, Needham & Company LLC reissued a “buy” rating and set a $260.00 target price on shares of Apple in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $239.17.

Insider Buying and Selling at Apple

In related news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the transaction, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Chris Kondo sold 5,178 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the sale, the insider now owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the transaction, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The disclosure for this sale can be found here. Insiders sold 113,884 shares of company stock worth $23,723,887 in the last 90 days. 0.06% of the stock is owned by company insiders.

Apple Trading Down 0.8 %

NASDAQ AAPL opened at $226.47 on Tuesday. The firm’s fifty day moving average is $222.25 and its two-hundred day moving average is $200.82. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. The firm has a market cap of $3.47 trillion, a PE ratio of 35.22, a P/E/G ratio of 2.62 and a beta of 1.24. Apple Inc. has a one year low of $164.07 and a one year high of $237.23.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The firm had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.26 earnings per share. Analysts expect that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio is presently 15.55%.

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.