Apple Inc. (NASDAQ:AAPL) Shares Sold by Centennial Bank AR

Centennial Bank AR decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,229 shares of the iPhone maker’s stock after selling 126 shares during the quarter. Apple comprises about 1.8% of Centennial Bank AR’s investment portfolio, making the stock its 17th biggest position. Centennial Bank AR’s holdings in Apple were worth $3,629,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. boosted its position in shares of Apple by 127.4% in the first quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock worth $12,943,000 after acquiring an additional 42,282 shares during the last quarter. Onyx Bridge Wealth Group LLC raised its stake in Apple by 0.9% during the first quarter. Onyx Bridge Wealth Group LLC now owns 92,150 shares of the iPhone maker’s stock worth $15,601,000 after purchasing an additional 781 shares during the period. Paragon Advisors LLC boosted its holdings in shares of Apple by 35.8% in the 1st quarter. Paragon Advisors LLC now owns 18,183 shares of the iPhone maker’s stock valued at $3,118,000 after purchasing an additional 4,793 shares during the last quarter. Castle Wealth Management LLC grew its stake in shares of Apple by 0.8% during the 1st quarter. Castle Wealth Management LLC now owns 23,998 shares of the iPhone maker’s stock valued at $4,115,000 after buying an additional 191 shares during the period. Finally, Silicon Valley Capital Partners increased its holdings in shares of Apple by 28.9% during the 1st quarter. Silicon Valley Capital Partners now owns 229,441 shares of the iPhone maker’s stock worth $39,345,000 after buying an additional 51,428 shares during the last quarter. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. The trade was a 6.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Luca Maestri sold 59,305 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares in the company, valued at $24,416,137.76. This represents a 35.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 404,040 shares of company stock valued at $91,062,512 over the last quarter. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $265.00 target price on shares of Apple in a report on Tuesday, September 10th. Robert W. Baird raised their price target on shares of Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $273.00 price target on shares of Apple in a research report on Tuesday, September 10th. Finally, Oppenheimer reissued a “buy” rating and issued a $250.00 price objective on shares of Apple in a research report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $235.51.

Apple Trading Down 1.4 %

Shares of NASDAQ AAPL opened at $225.00 on Monday. The stock has a market capitalization of $3.40 trillion, a P/E ratio of 37.01, a PEG ratio of 2.20 and a beta of 1.24. The stock’s 50 day moving average price is $227.04 and its two-hundred day moving average price is $216.61. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $237.49.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data 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 firm had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. During the same period last year, the business posted $1.46 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm 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 (DPR) is 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.