Apple Inc. $AAPL Stock Bought by Park National Corp OH

Key Points

• Park National Corp OH increased its Apple position by 6.7% in the third quarter, adding 30,621 shares to own 487,913 shares valued at approximately $159.8 million. Apple represents 4.3% of the firm’s portfolio and is its third-largest holding.
• Apple reported quarterly earnings of $2.02 per share, exceeding estimates of $1.89, while revenue reached $109.42 billion, up 16.4% year over year. The company also declared a quarterly dividend of $0.27 per share, equal to a 0.3% annualized yield.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $340.39. However, company insiders sold approximately $92.9 million of Apple shares over the past 90 days, primarily including sales to cover tax obligations.

Park National Corp OH increased its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 6.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 487,913 shares of the iPhone maker's stock after purchasing an additional 30,621 shares during the period. Apple accounts for 4.3% of Park National Corp OH's portfolio, making the stock its 3rd biggest position. Park National Corp OH's holdings in Apple were worth $159,832,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Sterling Wealth Management Inc. grew its position in shares of Apple by 0.3% in the 2nd quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker's stock worth $3,351,000 after buying an additional 30 shares during the period. Evansbrook LLC increased its stake in shares of Apple by 0.4% in the 1st quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker's stock worth $2,054,000 after acquiring an additional 34 shares in the last quarter. JMG Financial Group Ltd. lifted its position in Apple by 0.7% during the 1st quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker's stock valued at $1,295,000 after acquiring an additional 35 shares during the period. Advocate Investing Services LLC lifted its position in Apple by 0.5% during the 2nd quarter. Advocate Investing Services LLC now owns 7,847 shares of the iPhone maker's stock valued at $2,271,000 after acquiring an additional 39 shares during the period. Finally, Sugar Maple Asset Management LLC lifted its position in Apple by 2.0% during the 1st quarter. Sugar Maple Asset Management LLC now owns 2,029 shares of the iPhone maker's stock valued at $515,000 after acquiring an additional 40 shares during the period. Institutional investors own 67.73% of the company's stock.

Apple Stock Performance

Shares of Apple stock opened at $341.27 on Wednesday. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $348.15. The firm's 50-day moving average is $324.00 and its 200 day moving average is $304.61. The stock has a market cap of $4.98 trillion, a price-to-earnings ratio of 39.14, a PEG ratio of 2.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. Apple's revenue was up 16.4% compared to the same quarter last year. During the same period last year, the business earned $1.57 EPS. Sell-side analysts anticipate that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were issued a dividend of $0.27 per share. The ex-dividend date was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. Apple's dividend payout ratio is presently 12.39%.

Insider Activity

In related news, SVP Deirdre O'brien sold 46,389 shares of the firm's stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the completion of the sale, the senior vice president owned 136,810 shares of the company's stock, valued at $45,615,190.20. This trade represents a 25.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $332.01, for a total transaction of $796,491.99. Following the sale, the senior vice president directly owned 39,593 shares of the company's stock, valued at $13,145,271.93. This trade represents a 5.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 279,383 shares of company stock worth $92,912,517. Corporate insiders own 0.06% of the company's stock.

Analyst Ratings Changes

AAPL has been the topic of several research reports. Moffett Nathanson reissued a "neutral" rating and set a $304.00 price objective (up from $270.00) on shares of Apple in a research note on Tuesday, September 8th. JPMorgan Chase & Co. raised their target price on shares of Apple from $340.00 to $360.00 and gave the company an "overweight" rating in a research note on Monday. DA Davidson reaffirmed a "neutral" rating and set a $270.00 target price on shares of Apple in a research note on Wednesday, September 2nd. TD Cowen reiterated a "buy" rating and set a $400.00 target price on shares of Apple in a report on Thursday, September 10th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Apple in a research report on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $340.39.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple launched the $299 HomeView smart-home hub, featuring an upgraded Siri AI assistant, along with a new Apple TV 4K, HomePod mini 2, cameras, a video doorbell, smart lock, thermostat and other accessories. The products expand Apple’s ecosystem into the home and provide a potential new source of hardware and services revenue. Apple releases HomeView smart home hub with screen as showcase for Siri AI
• Positive Sentiment: Partnerships with LG Electronics and Schneider Electric broaden the Apple Home Collection, including security, energy-management and access-control products that could increase engagement with iPhones, Apple Watches and other Apple devices. LG announces smart-home accessories developed with Apple
• Positive Sentiment: Analyst support remains favorable. Bernstein reiterated a Buy rating with a $370 target, while JPMorgan raised its target to $360. Reports also indicate Apple’s iPhone market share reached 22% in the latest quarter, and iPhone 18 Pro demand may be stronger than last year. Bernstein reiterates Buy rating on Apple
• Positive Sentiment: A federal judge ordered OpenAI to provide hiring records and other materials in Apple’s trade-secrets lawsuit, potentially helping Apple investigate the recruitment of former employees and its claims against OpenAI. Judge orders OpenAI to turn over hiring records
• Neutral Sentiment: Investors are awaiting iPhone Duo preorders on October 16. Strong purchase intent could support the stock, but pricing and delivery trends will be closely watched.
• Negative Sentiment: Some suppliers are reportedly cutting production of newer iPhone models, while shorter delivery windows for Pro models raise questions about demand. Apple’s shares also trade at a demanding valuation, leaving less room for disappointing December-quarter guidance.
• Negative Sentiment: Analysts warn that SpaceX’s potential Starlink smartphone and Google’s expanding health-data platform could intensify competition in wireless services, wearables and ecosystem engagement over time.

Apple Profile

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple's services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

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