Amarillo National Bank Has $9.72 Million Position in Apple Inc. (NASDAQ:AAPL)

Amarillo National Bank raised its stake in Apple Inc. (NASDAQ:AAPL) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,730 shares of the iPhone maker’s stock after acquiring an additional 210 shares during the quarter. Apple comprises 1.8% of Amarillo National Bank’s holdings, making the stock its 14th largest position. Amarillo National Bank’s holdings in Apple were worth $9,723,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Financial Symmetry Inc grew its stake in shares of Apple by 0.5% during the second quarter. Financial Symmetry Inc now owns 11,796 shares of the iPhone maker’s stock worth $2,484,000 after buying an additional 62 shares during the last quarter. CVA Family Office LLC increased its holdings in Apple by 7.4% in the 2nd quarter. CVA Family Office LLC now owns 51,628 shares of the iPhone maker’s stock worth $10,874,000 after purchasing an additional 3,573 shares in the last quarter. Hilltop National Bank raised its position in Apple by 1.0% in the second quarter. Hilltop National Bank now owns 41,290 shares of the iPhone maker’s stock valued at $8,696,000 after purchasing an additional 409 shares during the last quarter. CWM LLC boosted its stake in shares of Apple by 2.4% during the second quarter. CWM LLC now owns 2,000,264 shares of the iPhone maker’s stock valued at $421,296,000 after purchasing an additional 45,968 shares in the last quarter. Finally, Fiduciary Alliance LLC grew its holdings in shares of Apple by 8.2% during the second quarter. Fiduciary Alliance LLC now owns 160,336 shares of the iPhone maker’s stock worth $35,317,000 after purchasing an additional 12,086 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several analyst reports. StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Barclays decreased their price target on Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, November 1st. UBS Group reaffirmed a “neutral” rating and issued a $236.00 price objective on shares of Apple in a research note on Monday, December 2nd. Evercore ISI reissued a “buy” rating and set a $250.00 target price on shares of Apple in a research report on Thursday, September 26th. Finally, New Street Research restated a “neutral” rating and issued a $225.00 price target on shares of Apple in a research report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $237.47.

Insider Transactions at Apple

In other Apple news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the transaction, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This trade represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 508,170 shares of company stock worth $117,004,745 in the last 90 days. Insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of Apple stock opened at $259.02 on Friday. The business’s 50 day moving average price is $237.00 and its 200 day moving average price is $227.21. The company has a market cap of $3.92 trillion, a price-to-earnings ratio of 42.60, a PEG ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a one year low of $164.07 and a one year high of $260.10.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 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 business had revenue of $94.93 billion for the quarter, compared to analyst estimates of $94.52 billion. During the same quarter in the previous year, the firm earned $1.46 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, research analysts predict that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 0.39%. Apple’s dividend payout ratio (DPR) is 16.45%.

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.