CENTRAL TRUST Co decreased its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,338,068 shares of the iPhone maker's stock after selling 35,146 shares during the period. Apple comprises 7.3% of CENTRAL TRUST Co's portfolio, making the stock its largest holding. CENTRAL TRUST Co's holdings in Apple were worth $311,770,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in Apple by 20,372.7% during the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker's stock worth $219,829,700,000 after buying an additional 93,886,664 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Apple by 5.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 52,981,808 shares of the iPhone maker's stock valued at $11,160,183,000 after acquiring an additional 2,785,807 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Apple by 6.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 51,765,589 shares of the iPhone maker's stock worth $10,909,457,000 after acquiring an additional 3,245,281 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Apple by 3.2% during the 2nd quarter. American Century Companies Inc. now owns 34,619,614 shares of the iPhone maker's stock worth $7,291,583,000 after acquiring an additional 1,065,759 shares in the last quarter. Finally, Swedbank AB grew its holdings in shares of Apple by 13.4% in the 2nd quarter. Swedbank AB now owns 20,008,650 shares of the iPhone maker's stock worth $4,214,222,000 after acquiring an additional 2,359,409 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Apple
In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Katherine L. Adams sold 61,019 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the completion of the transaction, the senior vice president now directly owns 187,043 shares of the company's stock, valued at approximately $42,309,126.60. The trade was a 24.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 508,170 shares of company stock worth $117,004,745. Insiders own 0.06% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently issued reports on AAPL shares. Loop Capital reduced their price objective on Apple from $300.00 to $275.00 and set a "buy" rating for the company in a report on Monday, November 4th. Needham & Company LLC reaffirmed a "buy" rating and set a $260.00 price target on shares of Apple in a research note on Tuesday, December 10th. Moffett Nathanson lowered their price objective on shares of Apple from $211.00 to $202.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 19th. Evercore ISI restated a "buy" rating and set a $250.00 target price on shares of Apple in a research report on Thursday, September 26th. Finally, Maxim Group upped their price target on shares of Apple from $203.00 to $215.00 and gave the company a "hold" rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Apple presently has a consensus rating of "Moderate Buy" and a consensus target price of $236.78.
Get Our Latest Stock Analysis on AAPL
Apple Stock Performance
Shares of AAPL traded up $4.70 during mid-day trading on Friday, hitting $254.49. The stock had a trading volume of 145,580,875 shares, compared to its average volume of 57,671,145. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $255.00. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The company has a market cap of $3.85 trillion, a PE ratio of 41.86, a PEG ratio of 2.41 and a beta of 1.23. The company's fifty day simple moving average is $234.97 and its two-hundred day simple moving average is $225.70.
Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.60 by $0.04. The firm had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm's revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.46 earnings per share. On average, equities analysts expect that Apple Inc. will post 7.43 earnings per share for the current year.
Apple Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend was Friday, November 8th. Apple's dividend payout ratio (DPR) is 16.45%.
About Apple
(
Free Report)
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.
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