Apple Inc. (NASDAQ:AAPL) Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,057,867 shares of the iPhone maker’s stock after selling 35,056 shares during the quarter. Apple comprises 5.2% of Trillium Asset Management LLC’s holdings, making the stock its biggest position. Trillium Asset Management LLC’s holdings in Apple were worth $179,087,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Montrusco Bolton Investments Inc. raised its stake in Apple by 18.6% in the first quarter. Montrusco Bolton Investments Inc. now owns 715,357 shares of the iPhone maker’s stock valued at $117,962,000 after purchasing an additional 111,961 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Apple by 2.6% in the first quarter. Russell Investments Group Ltd. now owns 9,290,108 shares of the iPhone maker’s stock valued at $1,530,525,000 after purchasing an additional 237,460 shares in the last quarter. TBH Global Asset Management LLC raised its stake in Apple by 8.9% in the first quarter. TBH Global Asset Management LLC now owns 220,334 shares of the iPhone maker’s stock valued at $36,333,000 after purchasing an additional 17,987 shares in the last quarter. Institutional & Family Asset Management LLC raised its stake in Apple by 4.4% in the first quarter. Institutional & Family Asset Management LLC now owns 51,995 shares of the iPhone maker’s stock valued at $8,574,000 after purchasing an additional 2,168 shares in the last quarter. Finally, Schwartz Investment Counsel Inc. raised its stake in Apple by 12.0% in the first quarter. Schwartz Investment Counsel Inc. now owns 7,000 shares of the iPhone maker’s stock valued at $1,154,000 after purchasing an additional 750 shares in the last quarter. Institutional investors and hedge funds own 58.51% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, SVP Deirdre O’brien sold 15,419 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $178.56, for a total value of $2,753,216.64. Following the transaction, the senior vice president now directly owns 136,445 shares of the company’s stock, valued at $24,363,619.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of AAPL stock opened at $189.46 on Tuesday. The business’s 50 day simple moving average is $186.91 and its 200 day simple moving average is $173.74. Apple Inc. has a one year low of $124.17 and a one year high of $198.23. The stock has a market capitalization of $2.96 trillion, a PE ratio of 31.84, a PEG ratio of 2.76 and a beta of 1.27. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.98 and a quick ratio of 0.92.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.07. Apple had a return on equity of 164.92% and a net margin of 24.68%. The firm had revenue of $81.80 billion for the quarter, compared to analyst estimates of $81.79 billion. During the same period in the previous year, the firm earned $1.20 earnings per share. The company’s revenue was down 1.4% compared to the same quarter last year. As a group, research analysts forecast that Apple Inc. will post 6.05 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Friday, August 11th. Apple’s dividend payout ratio (DPR) is presently 16.13%.

Analyst Ratings Changes

A number of research firms recently commented on AAPL. DA Davidson downgraded Apple from a “buy” rating to a “neutral” rating and dropped their price target for the company from $193.00 to $185.00 in a research note on Monday, June 5th. Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a research note on Monday, May 22nd. Wedbush reissued an “outperform” rating and set a $230.00 target price on shares of Apple in a research note on Thursday, August 17th. Piper Sandler boosted their target price on Apple from $180.00 to $220.00 and gave the stock an “overweight” rating in a research note on Monday, July 31st. Finally, KeyCorp boosted their target price on Apple from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 11th. Ten analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $198.86.

Apple 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.