Apple Inc. (NASDAQ:AAPL) Shares Purchased by Horizon Bancorp Inc. IN

Horizon Bancorp Inc. IN increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,970 shares of the iPhone maker’s stock after purchasing an additional 86 shares during the period. Apple accounts for 0.6% of Horizon Bancorp Inc. IN’s investment portfolio, making the stock its 21st largest holding. Horizon Bancorp Inc. IN’s holdings in Apple were worth $1,245,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. High Net Worth Advisory Group LLC lifted its stake in shares of Apple by 1.7% in the 3rd quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after acquiring an additional 1,066 shares during the period. Amara Financial LLC. acquired a new stake in shares of Apple in the 3rd quarter worth $288,000. Granite Investment Partners LLC lifted its stake in shares of Apple by 2.7% in the 2nd quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker’s stock worth $60,958,000 after acquiring an additional 7,606 shares during the period. Truist Financial Corp lifted its stake in shares of Apple by 1.8% in the 2nd quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock worth $1,473,224,000 after acquiring an additional 126,210 shares during the period. Finally, Sterling Investment Counsel LLC lifted its stake in shares of Apple by 3.8% in the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock worth $16,269,000 after acquiring an additional 2,565 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Transactions at Apple

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 transaction, the chief operating officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Down 0.1 %

Shares of AAPL stock opened at $245.55 on Monday. The stock has a market cap of $3.69 trillion, a price-to-earnings ratio of 38.98, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The firm’s 50 day moving average price is $240.47 and its two-hundred day moving average price is $232.88.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS 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, analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given 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 payout ratio is currently 15.87%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AAPL. Monness Crespi & Hardt raised their target price on shares of Apple to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. raised their price objective on shares of Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Evercore ISI raised their price objective on shares of Apple to $260.00 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group reiterated an “underperform” rating on shares of Apple in a research note on Wednesday. Finally, TD Cowen reiterated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $244.85.

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.