TRU Independence Asset Management 2 LLC Sells 19,503 Shares of Apple Inc. (NASDAQ:AAPL)

TRU Independence Asset Management 2 LLC lessened its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 49.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,922 shares of the iPhone maker’s stock after selling 19,503 shares during the quarter. Apple accounts for 2.2% of TRU Independence Asset Management 2 LLC’s portfolio, making the stock its 12th largest position. TRU Independence Asset Management 2 LLC’s holdings in Apple were worth $2,724,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Apple by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after acquiring an additional 8,734,393 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Apple by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock valued at $14,097,970,000 after buying an additional 1,155,915 shares in the last quarter. Swiss National Bank lifted its holdings in Apple by 13.1% during the 1st quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock valued at $12,407,910,000 after buying an additional 8,230,300 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Apple by 10.1% during the 1st quarter. Wellington Management Group LLP now owns 67,133,546 shares of the iPhone maker’s stock valued at $11,722,187,000 after buying an additional 6,162,898 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Apple by 2.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 49,435,007 shares of the iPhone maker’s stock valued at $6,758,754,000 after buying an additional 1,003,177 shares in the last quarter. Institutional investors own 57.72% of the company’s stock.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O’brien sold 8,053 shares of the company’s stock in a transaction on Monday, October 17th. The shares were sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the completion of the transaction, the senior vice president now directly owns 136,290 shares in the company, valued at $19,414,510.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Apple news, CFO Luca Maestri sold 176,299 shares of the company’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the completion of the transaction, the chief financial officer now directly owns 110,673 shares in the company, valued at $17,259,454.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Deirdre O’brien sold 8,053 shares of the company’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the transaction, the senior vice president now owns 136,290 shares of the company’s stock, valued at $19,414,510.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 360,651 shares of company stock worth $53,703,645. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on AAPL. KeyCorp reiterated a “buy” rating and set a $175.00 price objective on shares of Apple in a report on Tuesday, November 8th. JPMorgan Chase & Co. set a $200.00 price objective on shares of Apple in a report on Monday. StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a research report on Saturday, November 5th. Wells Fargo & Company cut their target price on shares of Apple from $205.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 20th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $139.00 target price on shares of Apple in a research report on Thursday, September 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.26.

Apple Stock Down 0.8 %

NASDAQ:AAPL opened at $148.79 on Thursday. The company has a market cap of $2.37 trillion, a PE ratio of 24.35, a P/E/G ratio of 1.89 and a beta of 1.25. Apple Inc. has a twelve month low of $129.04 and a twelve month high of $182.94. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95. The company’s 50 day moving average is $147.28 and its two-hundred day moving average is $149.99.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, beating the consensus estimate of $1.27 by $0.02. Apple had a net margin of 25.31% and a return on equity of 160.90%. The business had revenue of $90.15 billion during the quarter, compared to analysts’ expectations of $88.77 billion. During the same period in the previous year, the business posted $1.24 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts anticipate that Apple Inc. will post 6.31 EPS for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Friday, November 4th. Apple’s dividend payout ratio is presently 15.06%.

Apple Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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