Apple Inc. (NASDAQ:AAPL) Stock Holdings Decreased by Moody National Bank Trust Division

Moody National Bank Trust Division lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 156,097 shares of the iPhone maker’s stock after selling 4,556 shares during the quarter. Apple accounts for about 4.1% of Moody National Bank Trust Division’s portfolio, making the stock its 2nd largest position. Moody National Bank Trust Division’s holdings in Apple were worth $39,090,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of AAPL. Bull Oak Capital LLC increased its holdings in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the last quarter. Hershey Financial Advisers LLC purchased a new position in Apple in the second quarter valued at $42,000. Christopher J. Hasenberg Inc increased its holdings in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after buying an additional 144 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new position in Apple in the third quarter valued at $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new position in Apple in the third quarter valued at $77,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AAPL. Bank of America increased their target price on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 31st. Jefferies Financial Group downgraded shares of Apple from a “hold” rating to an “underperform” rating and decreased their price objective for the company from $211.84 to $200.75 in a research note on Thursday, January 30th. Argus upgraded shares of Apple to a “strong-buy” rating in a research note on Friday, January 31st. Monness Crespi & Hardt upped their price objective on shares of Apple to $245.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Barclays upped their price objective on shares of Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $242.52.

Apple Trading Down 0.1 %

Shares of Apple stock opened at $245.55 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The company has a 50-day moving average of $240.47 and a two-hundred day moving average of $232.55. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The stock has a market cap of $3.69 trillion, a PE ratio of 38.98, a price-to-earnings-growth ratio of 2.43 and a beta of 1.20.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. Apple’s dividend payout ratio (DPR) is 15.87%.

About Apple

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.