Centennial Bank AR Has $3.81 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Centennial Bank AR lowered its stake in Apple Inc. (NASDAQ:AAPL) by 5.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,331 shares of the iPhone maker’s stock after selling 898 shares during the period. Apple makes up 1.7% of Centennial Bank AR’s investment portfolio, making the stock its 18th biggest position. Centennial Bank AR’s holdings in Apple were worth $3,805,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Lantz Financial LLC boosted its position in Apple by 8.6% during the 2nd quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock worth $6,266,000 after buying an additional 2,361 shares during the period. Wedmont Private Capital raised its position in shares of Apple by 5.4% during the second quarter. Wedmont Private Capital now owns 204,579 shares of the iPhone maker’s stock worth $47,164,000 after acquiring an additional 10,400 shares during the last quarter. Roman Butler Fullerton & Co. lifted its stake in shares of Apple by 1.7% in the second quarter. Roman Butler Fullerton & Co. now owns 57,052 shares of the iPhone maker’s stock worth $13,292,000 after acquiring an additional 969 shares during the period. Agate Pass Investment Management LLC boosted its holdings in Apple by 1.8% in the second quarter. Agate Pass Investment Management LLC now owns 46,018 shares of the iPhone maker’s stock valued at $9,692,000 after acquiring an additional 806 shares during the last quarter. Finally, EWG Elevate Inc. increased its position in Apple by 16.8% during the 2nd quarter. EWG Elevate Inc. now owns 15,317 shares of the iPhone maker’s stock valued at $3,226,000 after purchasing an additional 2,199 shares during the period. Institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

Shares of AAPL stock opened at $245.00 on Tuesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The firm has a 50-day moving average of $239.15 and a 200-day moving average of $229.33. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The company has a market cap of $3.70 trillion, a P/E ratio of 40.30, a P/E/G ratio of 2.41 and a beta of 1.20.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. During the same quarter last year, the business posted $1.46 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities research analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. Apple’s dividend payout ratio (DPR) is currently 16.45%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AAPL. New Street Research restated a “neutral” rating and issued a $225.00 price target on shares of Apple in a research report on Wednesday, September 25th. Jefferies Financial Group cut shares of Apple from a “buy” rating to a “hold” rating and upped their price target for the company from $205.00 to $212.92 in a research report on Monday, October 7th. Citigroup lifted their price objective on Apple to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. restated an “overweight” rating and set a $265.00 target price on shares of Apple in a research report on Tuesday, September 10th. Finally, StockNews.com cut Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $238.03.

Insiders Place Their Bets

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Apple Company 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.