Heartland Bank & Trust Co Has $10.70 Million Position in Apple Inc. (NASDAQ:AAPL)

Heartland Bank & Trust Co raised its holdings in Apple Inc. (NASDAQ:AAPL) by 8.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,801 shares of the iPhone maker’s stock after buying an additional 4,069 shares during the quarter. Apple accounts for 6.1% of Heartland Bank & Trust Co’s investment portfolio, making the stock its 3rd largest holding. Heartland Bank & Trust Co’s holdings in Apple were worth $10,700,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Fidelis Capital Partners LLC lifted its holdings in shares of Apple by 17.9% in the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after purchasing an additional 31,278 shares in the last quarter. Hershey Financial Advisers LLC acquired a new position in Apple during the second quarter worth $42,000. Access Investment Management LLC bought a new position in shares of Apple in the first quarter valued at $140,000. 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 valued at $175,000 after buying an additional 57 shares during the last quarter. Finally, Sage Financial Group Inc. bought a new stake in shares of Apple during the second quarter worth about $206,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Down 1.4 %

NASDAQ:AAPL opened at $225.00 on Friday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The stock’s fifty day moving average price is $227.04 and its two-hundred day moving average price is $215.96. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The company has a market cap of $3.40 trillion, a P/E ratio of 37.01, a P/E/G ratio of 2.21 and a beta of 1.24.

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

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s dividend payout ratio is currently 16.45%.

Analysts Set New Price Targets

AAPL has been the topic of several recent research reports. Maxim Group raised their price target on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Jefferies Financial Group lowered Apple from a “buy” rating to a “hold” rating and raised their target price for the company from $205.00 to $212.92 in a report on Monday, October 7th. Morgan Stanley reiterated an “overweight” rating and set a $273.00 price target on shares of Apple in a report on Tuesday, September 10th. Tigress Financial raised their price objective on Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a research note on Wednesday, August 28th. Finally, KeyCorp lowered shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price for the company. in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.51.

Insider Buying and Selling

In related news, SVP Katherine L. Adams sold 61,019 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total value of $13,802,497.80. Following the sale, the senior vice president now directly owns 187,043 shares of the company’s stock, valued at $42,309,126.60. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. The trade was a 35.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 404,040 shares of company stock valued at $91,062,512. Company insiders own 0.06% of the company’s stock.

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.