Apple Inc. $AAPL is Park National Corp OH’s 6th Largest Position

Park National Corp OH trimmed its position in Apple Inc. (NASDAQ:AAPL) by 0.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 474,459 shares of the iPhone maker’s stock after selling 4,332 shares during the period. Apple makes up about 3.8% of Park National Corp OH’s holdings, making the stock its 6th biggest position. Park National Corp OH’s holdings in Apple were worth $120,811,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ryan Investment Management Inc. purchased a new position in Apple during the second quarter worth about $31,000. ROSS JOHNSON & Associates LLC increased its position in Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares during the period. Nexus Investment Management ULC increased its position in Apple by 333.3% during the 2nd quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock worth $53,000 after purchasing an additional 200 shares during the period. Elite Financial Inc. purchased a new position in shares of Apple during the 1st quarter worth approximately $58,000. Finally, LSV Asset Management acquired a new stake in shares of Apple in the 4th quarter valued at approximately $65,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Apple

In related news, SVP Deirdre O’brien sold 43,013 shares of Apple stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the completion of the sale, the senior vice president owned 136,687 shares in the company, valued at approximately $35,181,866.93. This trade represents a 23.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the completion of the transaction, the senior vice president directly owned 179,158 shares of the company’s stock, valued at $46,005,982.82. The trade was a 20.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 228,052 shares of company stock valued at $58,604,588 in the last ninety days. 0.06% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AAPL. Morgan Stanley reaffirmed an “overweight” rating and set a $315.00 price objective (up previously from $305.00) on shares of Apple in a report on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a research note on Wednesday, December 3rd. Bank of America increased their price target on shares of Apple from $270.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Argus set a $325.00 price objective on shares of Apple and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, CLSA increased their target price on shares of Apple from $265.00 to $330.00 and gave the company an “outperform” rating in a report on Friday, December 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $283.92.

Apple Stock Performance

NASDAQ:AAPL opened at $271.84 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $4.02 trillion, a P/E ratio of 36.39, a price-to-earnings-growth ratio of 2.57 and a beta of 1.10. The firm has a 50-day moving average price of $269.23 and a two-hundred day moving average price of $238.57. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $288.62.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, beating the consensus estimate of $1.74 by $0.11. Apple had a net margin of 26.92% and a return on equity of 164.05%. The business had revenue of $102.47 billion for the quarter, compared to analyst estimates of $101.65 billion. During the same period in the prior year, the business earned $1.64 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 10th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple’s dividend payout ratio (DPR) is presently 13.92%.

Apple 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.