Apple Inc. (NASDAQ:AAPL) is WoodTrust Financial Corp’s 8th Largest Position

WoodTrust Financial Corp lessened its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 102,510 shares of the iPhone maker’s stock after selling 1,833 shares during the quarter. Apple comprises approximately 3.4% of WoodTrust Financial Corp’s holdings, making the stock its 8th largest position. WoodTrust Financial Corp’s holdings in Apple were worth $19,736,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wyrmwood Management LLC lifted its stake in shares of Apple by 69.0% during the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after purchasing an additional 69 shares in the last quarter. Gilfoyle & Co LLC lifted its stake in shares of Apple by 118.0% during the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after purchasing an additional 118 shares in the last quarter. PayPay Securities Corp lifted its stake in shares of Apple by 70.2% during the third quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after purchasing an additional 210 shares in the last quarter. Cordant Inc. lifted its stake in shares of Apple by 27.7% during the third quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock worth $110,000 after purchasing an additional 140 shares in the last quarter. Finally, Life Planning Partners Inc acquired a new position in shares of Apple during the fourth quarter worth about $132,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Redburn Atlantic cut Apple from a “buy” rating to a “neutral” rating and set a $200.00 price target on the stock. in a research note on Wednesday, January 10th. Robert W. Baird boosted their price target on Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. UBS Group reiterated a “hold” rating and issued a $190.00 price target on shares of Apple in a research note on Monday, March 25th. The Goldman Sachs Group boosted their price target on Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price target on shares of Apple in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $203.05.

Apple Stock Performance

Shares of AAPL stock opened at $169.02 on Thursday. Apple Inc. has a 12-month low of $162.80 and a 12-month high of $199.62. The firm has a market capitalization of $2.61 trillion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 2.00 and a beta of 1.27. The business has a 50 day simple moving average of $173.58 and a 200 day simple moving average of $181.94. 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 quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. During the same period in the prior 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, equities research analysts anticipate that Apple Inc. will post 6.54 EPS for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio (DPR) is 14.95%.

Insider Buying and Selling

In related news, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the transaction, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Apple news, COO Jeffrey E. Williams sold 59,162 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $172.22, for a total value of $10,188,879.64. Following the completion of the sale, the chief operating officer now directly owns 489,944 shares in the company, valued at $84,378,155.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the sale, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The disclosure for this sale can be found here. Insiders sold 366,271 shares of company stock valued at $63,653,887 in the last three months. 0.06% of the stock is currently owned by corporate insiders.

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.