Apple Inc. (NASDAQ:AAPL) is OLD National Bancorp IN’s 3rd Largest Position

OLD National Bancorp IN raised its stake in Apple Inc. (NASDAQ:AAPL) by 0.5% during the 4th quarter, HoldingsChannel reports. The firm owned 618,975 shares of the iPhone maker’s stock after acquiring an additional 3,087 shares during the quarter. Apple accounts for about 3.7% of OLD National Bancorp IN’s portfolio, making the stock its 3rd largest position. OLD National Bancorp IN’s holdings in Apple were worth $155,004,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Drystone LLC acquired a new stake in shares of Apple during the 4th quarter valued at approximately $25,000. Bull Oak Capital LLC increased its stake in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. Christopher J. Hasenberg Inc raised its holdings in shares of Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares during the period. SPX Gestao de Recursos Ltda bought a new position in shares of Apple in the 3rd quarter worth about $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new position in shares of Apple in the 3rd quarter worth about $77,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Up 1.4 %

Shares of AAPL opened at $223.75 on Wednesday. The company has a market capitalization of $3.36 trillion, a P/E ratio of 35.52, a PEG ratio of 2.44 and a beta of 1.18. Apple Inc. has a one year low of $164.08 and a one year high of $260.10. The business’s 50 day simple moving average is $231.35 and its 200-day simple moving average is $233.43. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, sell-side analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.45%. Apple’s dividend payout ratio is currently 15.87%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AAPL. Moffett Nathanson reiterated a “sell” rating and set a $188.00 price target (down from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Sanford C. Bernstein increased their target price on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. TD Cowen reissued a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Raymond James upped their price target on shares of Apple to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $243.65.

About Apple

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.