Diversified Trust Co Grows Stock Position in Apple Inc. (NASDAQ:AAPL)

Diversified Trust Co raised its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 11.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 605,036 shares of the iPhone maker's stock after purchasing an additional 62,907 shares during the quarter. Apple accounts for approximately 3.6% of Diversified Trust Co's holdings, making the stock its 7th largest holding. Diversified Trust Co's holdings in Apple were worth $140,974,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Granite Investment Partners LLC lifted its position in Apple by 2.7% during the 2nd quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker's stock worth $60,958,000 after buying an additional 7,606 shares in the last quarter. Truist Financial Corp increased its position in shares of Apple by 1.8% in the second quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker's stock valued at $1,473,224,000 after acquiring an additional 126,210 shares during the last quarter. EP Wealth Advisors LLC boosted its position in Apple by 5.2% during the second quarter. EP Wealth Advisors LLC now owns 1,928,110 shares of the iPhone maker's stock valued at $406,099,000 after purchasing an additional 95,235 shares during the last quarter. Bellwether Advisors LLC boosted its position in Apple by 387.3% during the second quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker's stock valued at $5,128,000 after purchasing an additional 19,352 shares during the last quarter. Finally, Gentry Private Wealth LLC bought a new position in Apple in the second quarter valued at approximately $876,000. 60.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AAPL has been the subject of several recent analyst reports. Morgan Stanley reissued an "overweight" rating and issued a $273.00 price objective on shares of Apple in a report on Tuesday, September 10th. Piper Sandler reiterated a "neutral" rating and issued a $225.00 price target on shares of Apple in a research note on Wednesday, October 9th. Raymond James lifted their price objective on shares of Apple from $200.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, July 26th. KeyCorp cut shares of Apple from a "sector weight" rating to an "underweight" rating and set a $200.00 target price on the stock. in a report on Friday, October 25th. Finally, Robert W. Baird raised their target price on shares of Apple from $200.00 to $240.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $235.25.

Insider Buying and Selling

In other Apple news, insider Chris Kondo sold 4,130 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now owns 15,419 shares of the company's stock, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Katherine L. Adams sold 61,019 shares of Apple stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total value of $13,802,497.80. Following the sale, the senior vice president now directly owns 187,043 shares in the company, valued at $42,309,126.60. The trade was a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 408,170 shares of company stock worth $92,007,745 in the last three months. 0.06% of the stock is owned by corporate insiders.

Apple Price Performance

Shares of NASDAQ:AAPL traded up $1.33 during midday trading on Friday, hitting $229.85. The stock had a trading volume of 4,135,982 shares, compared to its average volume of 58,095,512. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.49. The company's 50-day moving average price is $227.59 and its 200-day moving average price is $217.47. 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 capitalization of $3.47 trillion, a P/E ratio of 37.57, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm had revenue of $94.93 billion for the quarter, compared to analysts' expectations of $94.52 billion. During the same quarter in the previous year, the business posted $1.46 earnings per share. The business's revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The business 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. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Friday, November 8th. Apple's dividend payout ratio (DPR) is presently 16.45%.

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.