Sanibel Captiva Trust Company Inc. lessened its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 657,360 shares of the iPhone maker's stock after selling 14,209 shares during the period. Apple comprises approximately 5.3% of Sanibel Captiva Trust Company Inc.'s investment portfolio, making the stock its biggest holding. Sanibel Captiva Trust Company Inc.'s holdings in Apple were worth $164,616,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Bull Oak Capital LLC raised its stake in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after buying an additional 111 shares in the last quarter. Hershey Financial Advisers LLC bought a new position in Apple in the second quarter worth approximately $42,000. Christopher J. Hasenberg Inc raised its stake in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock worth $69,000 after buying an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new position in Apple in the third quarter worth approximately $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new position in Apple in the third quarter worth approximately $77,000. Institutional investors own 67.73% of the company's stock.
Insider Activity at Apple
In other news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares of the company's stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.06% of the stock is owned by corporate insiders.
Apple Price Performance
NASDAQ AAPL traded down $0.19 during trading hours on Wednesday, hitting $235.74. 47,184,984 shares of the company's stock traded hands, compared to its average volume of 53,560,264. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The company has a market capitalization of $3.54 trillion, a PE ratio of 37.42, a PEG ratio of 2.44 and a beta of 1.20. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The firm's 50-day moving average is $238.81 and its 200-day moving average is $233.92.
Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Equities analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.42%. Apple's dividend payout ratio is presently 15.87%.
Wall Street Analyst Weigh In
AAPL has been the topic of several analyst reports. Moffett Nathanson reaffirmed a "sell" rating and issued a $188.00 price target (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $260.00 price target on shares of Apple in a report on Friday, January 31st. Citigroup lifted their price target on shares of Apple from $255.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, January 31st. KeyCorp reaffirmed an "underweight" rating and issued a $200.00 price target on shares of Apple in a report on Friday, January 31st. Finally, Barclays lifted their price target on shares of Apple from $183.00 to $197.00 and gave the stock an "underweight" rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $243.88.
Read Our Latest Analysis on Apple
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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