In the past, if you had detailed comments about the PDFs your colleagues sent you, you were stuck—you couldn’t change the text, so you had to put your suggestions in another file. Alternatively, someone in your group had to buy a copy of Adobe Acrobat Professional version while paying hundreds of dollars to allow you all to add comments directly to the PDF. But now, the Preview lets you easily annotate PDF files to call attention to specific sections of the page.
Apple’s Preview is more than just an efficient program for viewing a PDF, viewing graphics and running slide shows. Preview, installed on all new Macs, allows you to highlight text in PDF on Mac, add text to images, annotate PDF on Mac, merge many PDF files to one, print multiple images on one page, and more - you can do all above without using an image editor or PDF tool, just with the powerful PDF annotator - Preview, which is default built in Mac OS X.
In this article, I will show details on how to annotate PDF on Mac OS X with Preview. If you want to or need to annotate PDF on your Mac OS X, just follow me.
First, open any PDF you want to annotate in Preview;
Second, click Tools and choose Annotate;
Third, select to Add Oval, Add Rectangle, Add Note or Add Link.

Of course, the PDF annotator of Preview doesn't allow you to add text to PDF on Mac, not even mention to edit PDF text on Mac OS X, just as a note to remind you of some important parts in a PDF file. If you want to edit PDF text on Mac OS X, you'd better convert the PDF file to editable Word document and then edit PDF in Word.

