Apple Inc. (AAPL) Shares Bought by Camden National Bank

Camden National Bank grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 11.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 4,636 shares of the iPhone maker’s stock after acquiring an additional 463 shares during the period. Camden National Bank’s holdings in Apple were worth $858,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AAPL. Summit Trail Advisors LLC raised its stake in shares of Apple by 17,669.4% during the first quarter. Summit Trail Advisors LLC now owns 20,180,694 shares of the iPhone maker’s stock valued at $20,181,000 after acquiring an additional 20,067,124 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in shares of Apple by 18,553.3% during the second quarter. Cornerstone Wealth Management LLC now owns 16,758,709 shares of the iPhone maker’s stock valued at $89,526,000 after acquiring an additional 16,668,866 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Apple during the first quarter valued at approximately $830,026,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Apple by 6.5% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,008,496 shares of the iPhone maker’s stock valued at $3,148,443,000 after acquiring an additional 1,030,981 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Apple by 4.3% during the first quarter. Fisher Asset Management LLC now owns 11,692,755 shares of the iPhone maker’s stock valued at $1,961,810,000 after acquiring an additional 485,781 shares in the last quarter. 57.14% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on AAPL. UBS Group began coverage on shares of Apple in a research note on Wednesday, September 12th. Maxim Group boosted their price objective on shares of Apple to $221.00 and gave the stock an “average” rating in a research note on Thursday, September 13th. Royal Bank of Canada boosted their price objective on shares of Apple to $250.00 and gave the stock an “average” rating in a research note on Wednesday, September 26th. Tigress Financial reissued a “buy” rating on shares of Apple in a research note on Thursday, August 30th. Finally, HSBC set a $205.00 price objective on shares of Apple and gave the stock a “buy” rating in a research note on Thursday, August 30th. Four research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and twenty-four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $219.95.

NASDAQ AAPL opened at $168.49 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.09 and a current ratio of 1.12. Apple Inc. has a 12-month low of $150.24 and a 12-month high of $233.47. The firm has a market capitalization of $868.46 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 1.27 and a beta of 1.20.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.78 by $0.13. The business had revenue of $62.90 billion for the quarter, compared to analyst estimates of $61.55 billion. Apple had a net margin of 22.41% and a return on equity of 48.68%. The business’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.07 earnings per share. Sell-side analysts anticipate that Apple Inc. will post 13.32 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Monday, November 12th were issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Thursday, November 8th. Apple’s dividend payout ratio (DPR) is presently 24.52%.

In other news, insider Chris Kondo sold 3,408 shares of the business’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $190.00, for a total transaction of $647,520.00. Following the sale, the insider now directly owns 8,940 shares of the company’s stock, valued at $1,698,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Luca Maestri sold 100,245 shares of the business’s stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $228.56, for a total transaction of $22,911,997.20. Following the sale, the insider now directly owns 91,665 shares in the company, valued at $20,950,952.40. The disclosure for this sale can be found here. Insiders have sold 204,845 shares of company stock worth $47,015,677 over the last three months. Corporate insiders own 0.08% of the company’s stock.

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Apple Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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