First Hawaiian Bank lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,345 shares of the iPhone maker’s stock after buying an additional 140 shares during the quarter. First Hawaiian Bank’s holdings in Apple were worth $3,354,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the company. ROSS JOHNSON & Associates LLC raised its position in Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after acquiring an additional 180 shares in the last quarter. Life Planning Partners Inc bought a new position in Apple in the 4th quarter valued at approximately $47,000. Elite Financial Inc. acquired a new stake in Apple during the 1st quarter valued at approximately $58,000. Conquis Financial LLC acquired a new stake in shares of Apple during the 4th quarter worth approximately $63,000. Finally, LSV Asset Management purchased a new position in Apple during the 4th quarter worth $65,000. Institutional investors and hedge funds own 67.73% of the company’s stock.
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Insider Buying and Selling at Apple
In related news, SVP Deirdre O’brien sold 34,821 shares of the business’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the completion of the transaction, the senior vice president directly owned 136,687 shares of the company’s stock, valued at $30,508,538.40. The trade was a 20.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.06% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. Barclays boosted their price objective on Apple from $173.00 to $180.00 and gave the company an “underweight” rating in a research note on Friday, August 1st. Jefferies Financial Group raised their price target on Apple from $190.67 to $205.82 and gave the company a “hold” rating in a report on Monday, September 8th. Melius Research set a $290.00 price objective on Apple and gave the company a “buy” rating in a research report on Wednesday, September 10th. UBS Group reaffirmed a “neutral” rating on shares of Apple in a report on Monday, September 8th. Finally, Morgan Stanley set a $240.00 target price on Apple and gave the company an “overweight” rating in a research report on Wednesday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $241.93.
View Our Latest Research Report on Apple
Apple Price Performance
AAPL stock opened at $238.99 on Thursday. The business has a fifty day moving average of $223.15 and a two-hundred day moving average of $212.36. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The stock has a market cap of $3.55 trillion, a price-to-earnings ratio of 36.27, a price-to-earnings-growth ratio of 2.47 and a beta of 1.11. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10.
Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. Apple had a return on equity of 170.91% and a net margin of 24.30%.The business had revenue of $94.04 billion during the quarter, compared to analysts’ expectations of $88.64 billion. During the same period in the previous year, the firm posted $1.40 earnings per share. The company’s revenue was up 9.6% on a year-over-year basis. As a group, research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.
Apple Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s payout ratio is presently 15.78%.
About Apple
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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.
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