Hancock Whitney Corp Has $137.24 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Hancock Whitney Corp decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 6.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,002,009 shares of the iPhone maker’s stock after selling 74,695 shares during the period. Apple comprises approximately 4.4% of Hancock Whitney Corp’s holdings, making the stock its largest position. Hancock Whitney Corp’s holdings in Apple were worth $137,235,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Apple by 0.7% in the 1st quarter. Geode Capital Management LLC now owns 249,806,296 shares of the iPhone maker’s stock worth $30,426,411,000 after buying an additional 1,829,212 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in Apple by 0.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 70,334,083 shares of the iPhone maker’s stock worth $8,591,308,000 after buying an additional 383,116 shares during the period. Swiss National Bank boosted its holdings in Apple by 4.3% in the 2nd quarter. Swiss National Bank now owns 68,455,408 shares of the iPhone maker’s stock worth $9,375,653,000 after buying an additional 2,852,012 shares during the period. Fisher Asset Management LLC boosted its holdings in Apple by 3.3% in the 2nd quarter. Fisher Asset Management LLC now owns 64,859,659 shares of the iPhone maker’s stock worth $8,883,179,000 after buying an additional 2,045,740 shares during the period. Finally, H&H International Investment LLC boosted its holdings in Apple by 25.6% in the 1st quarter. H&H International Investment LLC now owns 35,288,200 shares of the iPhone maker’s stock worth $4,310,454,000 after buying an additional 7,186,900 shares during the period. 56.38% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on the stock. UBS Group set a $175.00 target price on shares of Apple in a report on Monday. The Goldman Sachs Group set a $140.00 price objective on shares of Apple in a report on Tuesday. DA Davidson increased their price objective on shares of Apple from $167.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 28th. Jefferies Financial Group initiated coverage on shares of Apple in a report on Monday. They set a “buy” rating and a $175.00 price objective for the company. Finally, New Street Research downgraded shares of Apple from a “neutral” rating to a “sell” rating and set a $90.00 price objective for the company. in a report on Friday, May 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Apple presently has an average rating of “Buy” and a consensus target price of $160.88.

In other news, SVP Katherine L. Adams sold 17,000 shares of the stock in a transaction that occurred on Monday, August 2nd. The shares were sold at an average price of $145.89, for a total transaction of $2,480,130.00. Following the transaction, the senior vice president now directly owns 324,164 shares in the company, valued at $47,292,285.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Timothy D. Cook sold 2,386,440 shares of the stock in a transaction that occurred on Wednesday, August 25th. The shares were sold at an average price of $148.58, for a total transaction of $354,577,255.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,418,317 shares of company stock worth $359,229,278. Corporate insiders own 0.06% of the company’s stock.

Apple stock opened at $148.12 on Wednesday. The firm has a market capitalization of $2.45 trillion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 2.10 and a beta of 1.20. The company’s 50-day moving average is $148.32 and its 200 day moving average is $135.13. Apple Inc. has a 1-year low of $103.10 and a 1-year high of $157.26. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.06 and a quick ratio of 1.01.

Apple (NASDAQ:AAPL) last issued its earnings results on Monday, July 26th. The iPhone maker reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.29. The business had revenue of $81.40 billion for the quarter, compared to analyst estimates of $73.48 billion. Apple had a net margin of 25.00% and a return on equity of 131.01%. The company’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same period last year, the company posted $0.64 earnings per share. Research analysts anticipate that Apple Inc. will post 5.59 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 12th. Stockholders of record on Monday, August 9th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, August 6th. Apple’s dividend payout ratio (DPR) is presently 26.83%.

Apple Profile

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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