Arvest Trust Co. N A Sells 26,327 Shares of Apple Inc. (NASDAQ:AAPL)

Arvest Trust Co. N A decreased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 15.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 146,286 shares of the iPhone maker’s stock after selling 26,327 shares during the quarter. Apple comprises 1.7% of Arvest Trust Co. N A’s investment portfolio, making the stock its 11th biggest position. Arvest Trust Co. N A’s holdings in Apple were worth $28,164,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AAPL. Wyrmwood Management LLC increased its position in 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 acquiring an additional 69 shares during the period. Gilfoyle & Co LLC increased its holdings 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 during the period. PayPay Securities Corp raised its position in shares of Apple by 70.2% in the third quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock valued at $87,000 after buying an additional 210 shares in the last quarter. Cordant Inc. boosted its stake in shares of Apple by 27.7% in the third quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after buying an additional 140 shares during the period. Finally, Life Planning Partners Inc acquired a new stake in Apple during the fourth quarter worth approximately $132,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Buying and Selling

In other news, CFO Luca Maestri sold 53,194 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the completion of the sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Luca Maestri sold 53,194 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the transaction, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the sale, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders sold 366,271 shares of company stock valued at $63,653,887 over the last 90 days. Company insiders own 0.06% of the company’s stock.

Apple Stock Down 0.3 %

Shares of NASDAQ AAPL opened at $169.30 on Monday. The company’s 50 day moving average price is $173.04 and its 200-day moving average price is $181.83. 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 $164.07 and a 52-week high of $199.62. The company has a market capitalization of $2.61 trillion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (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 business had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. During the same quarter in the previous year, the business earned $1.88 earnings per share. Apple’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts forecast that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were given a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.57%. Apple’s payout ratio is 14.95%.

Analyst Ratings Changes

Several equities analysts have weighed in on AAPL shares. Wedbush reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of Apple in a report on Tuesday, April 9th. DA Davidson began coverage on shares of Apple in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 price objective for the company. Rosenblatt Securities reissued a “neutral” rating and issued a $189.00 target price on shares of Apple in a report on Tuesday, March 5th. The Goldman Sachs Group upped their price target on shares of Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Maxim Group started coverage on shares of Apple in a research note on Wednesday, April 17th. They issued a “hold” rating and a $178.00 price objective on the stock. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $203.05.

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.