Idaho Trust Bank decreased its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 92.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,732 shares of the iPhone maker's stock after selling 32,989 shares during the quarter. Idaho Trust Bank's holdings in Apple were worth $575,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in AAPL. Verus Financial Partners Inc. boosted its holdings in shares of Apple by 0.3% in the second quarter. Verus Financial Partners Inc. now owns 16,929 shares of the iPhone maker's stock valued at $3,566,000 after purchasing an additional 48 shares during the period. Brown Financial Advisory lifted its holdings in shares of Apple by 3.8% in the 2nd quarter. Brown Financial Advisory now owns 1,364 shares of the iPhone maker's stock worth $287,000 after buying an additional 50 shares during the period. Core Wealth Management Inc. grew its holdings in Apple by 1.7% during the 2nd quarter. Core Wealth Management Inc. now owns 2,968 shares of the iPhone maker's stock worth $625,000 after acquiring an additional 50 shares in the last quarter. Lowery Thomas LLC boosted its stake in shares of Apple by 0.7% during the second quarter. Lowery Thomas LLC now owns 7,607 shares of the iPhone maker's stock valued at $1,602,000 after purchasing an additional 50 shares in the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. increased its holdings in shares of Apple by 1.1% in the 2nd quarter. Klein Pavlis & Peasley Financial Inc. now owns 4,505 shares of the iPhone maker's stock valued at $949,000 after acquiring an additional 51 shares during the period. 60.41% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on AAPL. The Goldman Sachs Group lifted their price objective on shares of Apple from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Piper Sandler Companies reissued a "neutral" rating and issued a $225.00 price target (up previously from $190.00) on shares of Apple in a report on Tuesday, July 9th. Maxim Group restated a "hold" rating and set a $203.00 price target on shares of Apple in a research note on Tuesday, September 10th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $261.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Finally, New Street Research reissued a "neutral" rating and set a $225.00 target price on shares of Apple in a research report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Apple presently has a consensus rating of "Moderate Buy" and a consensus target price of $235.91.
Get Our Latest Stock Report on Apple
Insider Buying and Selling
In related news, insider Chris Kondo sold 5,178 shares of the business's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the sale, the insider now owns 24,125 shares in the company, valued at approximately $5,223,062.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Chris Kondo sold 5,178 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the sale, the insider now directly owns 24,125 shares in the company, valued at approximately $5,223,062.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the company's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the sale, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is currently owned by insiders.
Apple Price Performance
AAPL traded down $3.02 during trading on Wednesday, reaching $230.65. The company's stock had a trading volume of 23,391,133 shares, compared to its average volume of 59,238,781. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The company has a market cap of $3.54 trillion, a price-to-earnings ratio of 35.97, a PEG ratio of 2.40 and a beta of 1.24. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The firm has a fifty day simple moving average of $227.15 and a two-hundred day simple moving average of $211.46.
Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, topping the consensus estimate of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The business had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. During the same quarter in the previous year, the firm earned $1.26 EPS. The company's quarterly revenue was up 4.9% compared to the same quarter last year. As a group, analysts anticipate that Apple Inc. will post 6.65 EPS for the current year.
Apple Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Monday, August 12th. Apple's dividend payout ratio is presently 15.55%.
Apple Profile
(
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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