Bank of Stockton Acquires 396 Shares of Apple Inc. (NASDAQ:AAPL)

Bank of Stockton boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 0.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,734 shares of the iPhone maker’s stock after buying an additional 396 shares during the period. Apple makes up about 3.0% of Bank of Stockton’s investment portfolio, making the stock its 6th biggest position. Bank of Stockton’s holdings in Apple were worth $9,422,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AAPL. Christopher J. Hasenberg Inc acquired a new position in shares of Apple during the first quarter worth about $35,000. A.P. Gilfoyle & Co. L.P. acquired a new position in shares of Apple during the fourth quarter worth about $39,000. University of Texas Texas AM Investment Managment Co. boosted its position in shares of Apple by 657.1% during the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after buying an additional 368 shares during the period. Clarity Asset Management Inc. acquired a new position in shares of Apple during the fourth quarter worth about $85,000. Finally, Clear Street Markets LLC boosted its position in shares of Apple by 100.6% during the fourth quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock worth $93,000 after buying an additional 83,965 shares during the period. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on AAPL shares. Morgan Stanley reiterated an “overweight” rating and set a $273.00 target price on shares of Apple in a report on Tuesday, September 10th. New Street Research restated a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research note on Wednesday. StockNews.com upgraded Apple from a “hold” rating to a “buy” rating in a research note on Friday, September 20th. Wedbush restated an “outperform” rating and issued a $285.00 price objective on shares of Apple in a research note on Monday, September 9th. Finally, Erste Group Bank upgraded Apple from a “hold” rating to a “buy” rating in a research note on Friday, June 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.76.

Apple Trading Up 0.1 %

NASDAQ:AAPL opened at $227.79 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $3.49 trillion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 2.66 and a beta of 1.24. The firm’s 50 day moving average is $222.19 and its 200 day moving average is $202.16. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.23.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The business had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. During the same quarter in the previous year, the firm posted $1.26 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Sell-side analysts expect that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. Apple’s payout ratio is 15.55%.

Insider Activity

In other news, insider Chris Kondo sold 8,706 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,469,275. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,469,275. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The disclosure for this sale can be found here. Insiders sold 113,884 shares of company stock worth $23,723,887 in the last three months. Corporate insiders own 0.06% of the company’s stock.

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.