Bank of Jackson Hole Trust Invests $7.44 Million in Apple Inc. (NASDAQ:AAPL)

Bank of Jackson Hole Trust purchased a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 29,699 shares of the iPhone maker's stock, valued at approximately $7,437,000. Apple accounts for 5.0% of Bank of Jackson Hole Trust's portfolio, making the stock its biggest position.

Other large investors have also recently made changes to their positions in the company. Amara Financial LLC. purchased a new stake in Apple during the third quarter valued at approximately $288,000. Silicon Valley Capital Partners lifted its holdings in Apple by 12.8% during the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker's stock valued at $59,122,000 after purchasing an additional 28,799 shares in the last quarter. Catalyst Financial Partners LLC lifted its holdings in Apple by 4.2% during the third quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker's stock valued at $22,505,000 after purchasing an additional 3,935 shares in the last quarter. Vestcor Inc lifted its holdings in Apple by 10.1% during the third quarter. Vestcor Inc now owns 375,539 shares of the iPhone maker's stock valued at $87,501,000 after purchasing an additional 34,414 shares in the last quarter. Finally, 5th Street Advisors LLC lifted its holdings in Apple by 32.9% during the third quarter. 5th Street Advisors LLC now owns 15,100 shares of the iPhone maker's stock valued at $3,518,000 after purchasing an additional 3,736 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple Trading Up 0.4 %

Shares of NASDAQ AAPL traded up $0.86 during mid-day trading on Monday, reaching $210.14. The company had a trading volume of 38,624,393 shares, compared to its average volume of 56,741,088. The business's 50-day moving average is $215.01 and its 200-day moving average is $229.19. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock has a market cap of $3.16 trillion, a price-to-earnings ratio of 33.36, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. Apple Inc. has a 52 week low of $169.11 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping analysts' consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Equities analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Monday, February 10th. Apple's dividend payout ratio (DPR) is presently 15.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AAPL shares. Monness Crespi & Hardt lifted their price target on shares of Apple to $245.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Argus raised shares of Apple to a "strong-buy" rating in a report on Friday, January 31st. Evercore ISI boosted their target price on shares of Apple from $260.00 to $275.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. UBS Group lowered their target price on shares of Apple from $236.00 to $210.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Finally, Maxim Group boosted their target price on shares of Apple to $215.00 and gave the stock a "hold" rating in a report on Friday, February 21st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Apple has an average rating of "Moderate Buy" and an average target price of $234.31.

Insider Buying and Selling

In related news, SVP Katherine L. Adams sold 38,822 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total value of $8,683,316.74. Following the completion of the sale, the senior vice president now directly owns 179,158 shares of the company's stock, valued at $40,072,269.86. This represents a 17.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy D. Cook sold 108,136 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the sale, the chief executive officer now directly owns 3,280,295 shares of the company's stock, valued at approximately $733,637,976.75. This trade represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 187,021 shares of company stock valued at $41,760,140 over the last three months. 0.06% of the stock is owned by company insiders.

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.