Whittier Trust Co. of Nevada Inc. Sells 17,286 Shares of Apple Inc. (NASDAQ:AAPL)

Whittier Trust Co. of Nevada Inc. lessened its holdings in Apple Inc. (NASDAQ:AAPLFree Report) by 1.7% during the fourth quarter, HoldingsChannel reports. The firm owned 1,026,147 shares of the iPhone maker’s stock after selling 17,286 shares during the quarter. Apple accounts for 6.3% of Whittier Trust Co. of Nevada Inc.’s holdings, making the stock its 2nd largest position. Whittier Trust Co. of Nevada Inc.’s holdings in Apple were worth $197,564,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its holdings in shares of Apple by 116,483.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock valued at $74,002,245,000 after acquiring an additional 569,066,184 shares in the last quarter. Norges Bank acquired a new stake in shares of Apple during the 4th quarter valued at $21,746,940,000. Morgan Stanley boosted its holdings in shares of Apple by 14.2% during the 4th quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock valued at $27,110,586,000 after acquiring an additional 25,926,552 shares in the last quarter. Barclays PLC boosted its holdings in shares of Apple by 60.0% during the 2nd quarter. Barclays PLC now owns 46,932,352 shares of the iPhone maker’s stock valued at $9,103,464,000 after acquiring an additional 17,604,799 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in shares of Apple by 154.9% during the 2nd quarter. Osaic Holdings Inc. now owns 23,295,770 shares of the iPhone maker’s stock valued at $1,729,270,000 after acquiring an additional 14,157,430 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Buying and Selling at Apple

In other news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the transaction, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Redburn Atlantic downgraded Apple from a “buy” rating to a “neutral” rating and set a $200.00 price objective on the stock. in a report on Wednesday, January 10th. Wedbush reissued an “outperform” rating and set a $250.00 price objective on shares of Apple in a report on Thursday, March 21st. The Goldman Sachs Group lifted their target price on Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Robert W. Baird lifted their target price on Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 target price on shares of Apple in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $204.53.

Check Out Our Latest Stock Analysis on Apple

Apple Price Performance

AAPL stock opened at $171.48 on Friday. The company has a market capitalization of $2.65 trillion, a P/E ratio of 26.71, a price-to-earnings-growth ratio of 2.09 and a beta of 1.29. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a 52-week low of $159.35 and a 52-week high of $199.62. The business has a 50-day simple moving average of $181.15 and a two-hundred day simple moving average of $182.58.

Apple (NASDAQ:AAPLGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. The business had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.88 EPS. Research analysts expect that Apple Inc. will post 6.55 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.56%. Apple’s dividend payout ratio (DPR) is currently 14.95%.

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.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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