Trust Co. of Oklahoma Sells 2,809 Shares of Apple Inc. (NASDAQ:AAPL)

Trust Co. of Oklahoma lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 72,561 shares of the iPhone maker’s stock after selling 2,809 shares during the period. Apple makes up approximately 5.2% of Trust Co. of Oklahoma’s holdings, making the stock its 2nd largest position. Trust Co. of Oklahoma’s holdings in Apple were worth $13,970,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AAPL. Wyrmwood Management LLC raised its position in shares of Apple by 69.0% during the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after buying an additional 69 shares during the last quarter. Gilfoyle & Co LLC increased its stake in Apple by 118.0% during the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after acquiring an additional 118 shares during the period. PayPay Securities Corp raised its holdings in Apple by 70.2% in the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock valued at $87,000 after acquiring an additional 210 shares in the last quarter. Cordant Inc. raised its holdings in Apple by 27.7% in the 3rd quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after acquiring an additional 140 shares in the last quarter. Finally, Life Planning Partners Inc bought a new stake in shares of Apple in the 4th quarter worth approximately $132,000. Institutional investors own 60.41% of the company’s stock.

Insider Transactions at Apple

In related news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the sale, the director now directly owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the transaction, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 366,271 shares of company stock worth $63,653,887. 0.06% of the stock is currently owned by company insiders.

Apple Stock Up 0.5 %

Shares of NASDAQ:AAPL opened at $165.84 on Tuesday. The company has a 50 day moving average of $174.24 and a 200-day moving average of $182.10. Apple Inc. has a one year low of $162.80 and a one year high of $199.62. The stock has a market cap of $2.56 trillion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 1.99 and a beta of 1.27. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, beating the consensus estimate of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. During the same quarter in the previous year, the company posted $1.88 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, sell-side analysts forecast that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio (DPR) is currently 14.95%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AAPL. Piper Sandler lowered their price objective on Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. Bank of America raised shares of Apple from a “neutral” rating to a “buy” rating and boosted their price target for the company from $208.00 to $225.00 in a report on Thursday, January 18th. Morgan Stanley decreased their target price on shares of Apple from $220.00 to $210.00 and set an “overweight” rating on the stock in a research report on Monday. Needham & Company LLC reissued a “buy” rating and issued a $220.00 target price on shares of Apple in a research note on Tuesday, April 16th. Finally, Loop Capital cut their price target on shares of Apple from $185.00 to $170.00 and set a “hold” rating for the company in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $203.05.

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.