OLD National Bancorp IN decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 2.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 644,903 shares of the iPhone maker’s stock after selling 19,573 shares during the quarter. Apple comprises approximately 3.6% of OLD National Bancorp IN’s holdings, making the stock its 3rd biggest holding. OLD National Bancorp IN’s holdings in Apple were worth $125,092,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Atlas Wealth Partners LLC acquired a new position in shares of Apple during the 2nd quarter valued at $1,216,000. Wealth Advisors of Iowa LLC lifted its holdings in Apple by 1.7% in the 2nd quarter. Wealth Advisors of Iowa LLC now owns 18,881 shares of the iPhone maker’s stock worth $3,662,000 after buying an additional 322 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in Apple by 103.6% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 42,044 shares of the iPhone maker’s stock worth $8,155,000 after buying an additional 21,391 shares in the last quarter. Sanctuary Wealth Management L.L.C. acquired a new position in Apple in the 2nd quarter worth $1,316,000. Finally, Silvant Capital Management LLC lifted its holdings in Apple by 1.5% in the 2nd quarter. Silvant Capital Management LLC now owns 1,113,593 shares of the iPhone maker’s stock worth $216,004,000 after buying an additional 16,749 shares in the last quarter. Institutional investors and hedge funds own 58.51% of the company’s stock.
Insiders Place Their Bets
In other Apple news, CFO Luca Maestri sold 31,685 shares of the stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $178.69, for a total value of $5,661,792.65. Following the completion of the sale, the chief financial officer now owns 107,661 shares in the company, valued at approximately $19,237,944.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, COO Jeffrey E. Williams sold 69,785 shares of the stock in a transaction on Friday, October 6th. The shares were sold at an average price of $177.00, for a total transaction of $12,351,945.00. Following the transaction, the chief operating officer now owns 489,817 shares in the company, valued at approximately $86,697,609. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Luca Maestri sold 31,685 shares of the stock in a transaction on Monday, October 9th. The stock was sold at an average price of $178.69, for a total transaction of $5,661,792.65. Following the transaction, the chief financial officer now owns 107,661 shares in the company, valued at approximately $19,237,944.09. The disclosure for this sale can be found here. Insiders sold a total of 455,004 shares of company stock worth $79,238,767 in the last quarter. 0.06% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on AAPL
Apple Stock Up 0.8 %
Shares of NASDAQ:AAPL opened at $168.22 on Monday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.92 and a current ratio of 0.98. The company has a market cap of $2.63 trillion, a PE ratio of 28.27, a price-to-earnings-growth ratio of 2.33 and a beta of 1.28. Apple Inc. has a 52 week low of $124.17 and a 52 week high of $198.23. The firm has a 50 day simple moving average of $177.20 and a 200 day simple moving average of $179.14.
Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The iPhone maker reported $1.26 EPS for the quarter, beating the consensus estimate of $1.19 by $0.07. Apple had a net margin of 24.68% and a return on equity of 164.92%. The business had revenue of $81.80 billion during the quarter, compared to the consensus estimate of $81.79 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 6.04 earnings per share for the current year.
Apple Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.96 dividend on an annualized basis and a yield of 0.57%. Apple’s payout ratio is 16.13%.
Apple Company 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.
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