Apple Inc. $AAPL is Heartland Bank & Trust Co's 2nd Largest Position

Key Points

• Heartland Bank & Trust Co cut its Apple stake by 3.2% in the fourth quarter, but Apple still remained its second-largest holding, representing about 7.7% of the portfolio and valued at roughly $18.1 million.
• Apple reported strong quarterly results, with earnings per share of $2.01 beating estimates and revenue of $111.18 billion topping forecasts, while revenue rose 16.6% year over year.
• The company also raised its quarterly dividend to $0.27 from $0.26, and the stock has been trading near its 52-week high after a 2.9% move higher.

Heartland Bank & Trust Co trimmed its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 66,706 shares of the iPhone maker's stock after selling 2,216 shares during the period. Apple accounts for approximately 7.7% of Heartland Bank & Trust Co's portfolio, making the stock its 2nd largest position. Heartland Bank & Trust Co's holdings in Apple were worth $18,135,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AAPL. Norges Bank acquired a new position in shares of Apple during the second quarter worth about $38,942,255,000. Nuveen LLC acquired a new position in shares of Apple during the first quarter worth about $17,472,482,000. Laurel Wealth Advisors LLC increased its stake in shares of Apple by 20,464.8% during the second quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker's stock worth $5,553,753,000 after acquiring an additional 26,937,401 shares during the period. Vanguard Group Inc. increased its stake in shares of Apple by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker's stock worth $387,749,545,000 after acquiring an additional 26,856,752 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Apple by 13.3% during the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock worth $42,918,365,000 after acquiring an additional 20,079,472 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In related news, CFO Kevan Parekh sold 1,534 shares of the company's stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total value of $421,850.00. Following the sale, the chief financial officer owned 13,366 shares of the company's stock, valued at approximately $3,675,650. This represents a 10.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ben Borders sold 1,274 shares of the company's stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $290.00, for a total value of $369,460.00. Following the completion of the sale, the insider directly owned 38,713 shares in the company, valued at approximately $11,226,770. The trade was a 3.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 97,759 shares of company stock worth $24,964,305 over the last ninety days. 0.06% of the stock is currently owned by company insiders.

Apple Trading Up 2.9%

Shares of AAPL opened at $315.20 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The firm's 50-day moving average is $276.58 and its two-hundred day moving average is $270.28. Apple Inc. has a twelve month low of $195.07 and a twelve month high of $315.45. The firm has a market capitalization of $4.63 trillion, a P/E ratio of 38.11, a PEG ratio of 2.67 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. The company had revenue of $111.18 billion for the quarter, compared to analyst estimates of $109.46 billion. During the same period in the prior year, the business posted $1.65 earnings per share. The firm's revenue for the quarter was up 16.6% compared to the same quarter last year. On average, research analysts predict that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. This is a boost from Apple's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Monday, May 11th. Apple's payout ratio is currently 13.06%.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Investor optimism is building ahead of WWDC, with Apple expected to unveil key AI features that could improve Siri and strengthen its software ecosystem. Article Title
• Positive Sentiment: Apple’s MacBook Neo is reportedly gaining traction with new buyers, suggesting the company is still expanding its hardware appeal beyond its core customer base. Article Title
• Positive Sentiment: Analysts have been lifting targets on AAPL ahead of WWDC, reflecting confidence that Apple’s AI strategy and software roadmap could reaccelerate growth. Article Title
• Neutral Sentiment: New Apple Wallet bill-splitting and payment-request features may help deepen engagement, but the immediate stock impact is less clear because the move is incremental rather than transformative. Article Title
• Neutral Sentiment: Apple is being discussed as a potentially overvalued stock after its recent rally, which could limit upside if WWDC disappoints expectations. Article Title
• Negative Sentiment: Dell and Nvidia have intensified competition in PCs and laptops, pressuring Apple’s positioning in hardware categories like the MacBook Neo. Article Title

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Moffett Nathanson boosted their price target on shares of Apple from $241.00 to $270.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 25th. Tigress Financial reiterated a "strong-buy" rating and set a $375.00 price target (up from $305.00) on shares of Apple in a research note on Thursday, May 14th. Barclays reiterated an "underweight" rating and set a $253.00 price target (up from $248.00) on shares of Apple in a research note on Friday, May 1st. Sanford C. Bernstein restated an "outperform" rating on shares of Apple in a research report on Wednesday, March 4th. Finally, UBS Group set a $296.00 target price on shares of Apple and gave the stock a "neutral" rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $310.31.

Apple Company Profile

Apple Inc NASDAQ: AAPL is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple's principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

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