Apple Inc. (NASDAQ:AAPL) Shares Sold by Norwood Financial Corp

Norwood Financial Corp cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,325 shares of the iPhone maker’s stock after selling 200 shares during the period. Apple comprises approximately 2.1% of Norwood Financial Corp’s investment portfolio, making the stock its 7th biggest position. Norwood Financial Corp’s holdings in Apple were worth $1,421,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of AAPL. Center For Asset Management LLC increased its holdings in Apple by 53.3% in the second quarter. Center For Asset Management LLC now owns 21,898 shares of the iPhone maker’s stock valued at $4,247,000 after purchasing an additional 7,616 shares during the period. Ilmarinen Mutual Pension Insurance Co increased its holdings in Apple by 8.3% in the first quarter. Ilmarinen Mutual Pension Insurance Co now owns 785,000 shares of the iPhone maker’s stock valued at $129,447,000 after purchasing an additional 60,000 shares during the period. Arista Wealth Management LLC increased its holdings in Apple by 1.0% in the first quarter. Arista Wealth Management LLC now owns 26,680 shares of the iPhone maker’s stock valued at $4,399,000 after purchasing an additional 261 shares during the period. Thrivent Financial for Lutherans increased its holdings in Apple by 2.3% in the first quarter. Thrivent Financial for Lutherans now owns 3,919,534 shares of the iPhone maker’s stock valued at $646,332,000 after purchasing an additional 89,615 shares during the period. Finally, My Personal CFO LLC increased its holdings in Apple by 4.1% in the second quarter. My Personal CFO LLC now owns 26,276 shares of the iPhone maker’s stock valued at $5,097,000 after purchasing an additional 1,047 shares during the period. 58.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Apple

In other Apple news, SVP Deirdre O’brien sold 65,536 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $172.11, for a total value of $11,279,400.96. Following the completion of the sale, the senior vice president now directly owns 136,445 shares of the company’s stock, valued at $23,483,548.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Deirdre O’brien sold 65,536 shares of the company’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $172.11, for a total transaction of $11,279,400.96. Following the transaction, the senior vice president now owns 136,445 shares of the company’s stock, valued at approximately $23,483,548.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy D. Cook sold 240,569 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $172.50, for a total value of $41,498,152.50. Following the transaction, the chief executive officer now directly owns 3,280,053 shares in the company, valued at approximately $565,809,142.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 439,585 shares of company stock worth $76,485,550. Insiders own 0.06% of the company’s stock.

Apple Trading Down 0.5 %

Shares of Apple stock opened at $176.65 on Monday. The firm has a market cap of $2.76 trillion, a PE ratio of 28.86, a P/E/G ratio of 2.42 and a beta of 1.30. Apple Inc. has a 1 year low of $124.17 and a 1 year high of $198.23. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a fifty day moving average price of $176.80 and a 200-day moving average price of $179.47.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.07. The business had revenue of $89.50 billion during the quarter, compared to the consensus estimate of $89.34 billion. Apple had a net margin of 24.68% and a return on equity of 164.92%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $1.29 earnings per share. Equities research analysts anticipate that Apple Inc. will post 6.05 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, November 13th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.54%. Apple’s dividend payout ratio (DPR) is presently 15.69%.

Analyst Ratings Changes

A number of analysts have weighed in on AAPL shares. Piper Sandler increased their price target on Apple from $180.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, July 31st. Barclays decreased their price target on Apple from $167.00 to $166.00 and set an “equal weight” rating for the company in a report on Monday, October 30th. Piper Sandler Companies increased their price target on Apple from $180.00 to $220.00 and gave the stock an “overweight” rating in a report on Monday, July 31st. Morgan Stanley reiterated an “overweight” rating and set a $210.00 price target on shares of Apple in a report on Friday. Finally, TD Cowen increased their price target on Apple from $195.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, August 1st. Ten investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $197.82.

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.