Community Bank & Trust Waco Texas Purchases 1,197 Shares of Apple Inc. (NASDAQ:AAPL)

Community Bank & Trust Waco Texas raised its holdings in Apple Inc. (NASDAQ:AAPL) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 216,411 shares of the iPhone maker’s stock after acquiring an additional 1,197 shares during the period. Apple accounts for about 11.4% of Community Bank & Trust Waco Texas’ holdings, making the stock its biggest position. Community Bank & Trust Waco Texas’ holdings in Apple were worth $50,424,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Lantz Financial LLC increased its position in Apple by 8.6% during the second quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock worth $6,266,000 after purchasing an additional 2,361 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Apple by 0.8% during the 2nd quarter. Fifth Third Bancorp now owns 6,202,902 shares of the iPhone maker’s stock valued at $1,306,455,000 after buying an additional 48,719 shares during the period. Oak Harvest Investment Services grew its stake in shares of Apple by 3.1% during the 2nd quarter. Oak Harvest Investment Services now owns 124,883 shares of the iPhone maker’s stock valued at $26,303,000 after buying an additional 3,727 shares during the period. Centennial Wealth Advisory LLC increased its holdings in shares of Apple by 5.6% during the 2nd quarter. Centennial Wealth Advisory LLC now owns 28,773 shares of the iPhone maker’s stock worth $6,060,000 after buying an additional 1,529 shares during the last quarter. Finally, Geneva Partners LLC raised its position in shares of Apple by 2,181.9% in the 2nd quarter. Geneva Partners LLC now owns 63,826 shares of the iPhone maker’s stock worth $13,443,000 after buying an additional 61,029 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Price Performance

Shares of AAPL opened at $229.98 on Tuesday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The firm has a market cap of $3.48 trillion, a price-to-earnings ratio of 37.83, a PEG ratio of 2.32 and a beta of 1.20. The stock has a 50 day moving average of $241.01 and a 200-day moving average of $230.79.

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

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders 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 dividend on an annualized basis and a yield of 0.43%. Apple’s payout ratio is currently 16.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AAPL shares. Wedbush upped their price target on Apple from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Thursday, December 26th. Wells Fargo & Company boosted their target price on Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Oppenheimer restated a “buy” rating and issued a $250.00 price target on shares of Apple in a report on Tuesday, October 1st. KeyCorp downgraded shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price objective for the company. in a research note on Friday, October 25th. Finally, Citigroup raised their target price on shares of Apple to $185.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $239.85.

Insider Activity

In other news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction dated 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 directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

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.