66,423 Shares in Apple Inc. (NASDAQ:AAPL) Purchased by Arlington Trust Co LLC

Arlington Trust Co LLC acquired a new stake in shares of Apple Inc. (NASDAQ:AAPL) in the fourth quarter, Holdings Channel reports. The fund acquired 66,423 shares of the iPhone maker’s stock, valued at approximately $12,788,000. Apple makes up approximately 3.6% of Arlington Trust Co LLC’s holdings, making the stock its 5th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wyrmwood Management LLC raised its position in 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 period. Gilfoyle & Co LLC grew its stake in Apple by 118.0% during the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after acquiring an additional 118 shares in the last quarter. PayPay Securities Corp increased its holdings in shares of 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 purchasing an additional 210 shares during the period. Cordant Inc. boosted its holdings 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 during the period. Finally, Life Planning Partners Inc acquired a new position in Apple in the 4th quarter valued at approximately $132,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Deirdre O’brien sold 54,732 shares of the company’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 sale, the senior vice president now owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the transaction, the senior vice president now directly owns 136,572 shares in the company, valued at $23,068,376.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Arthur D. Levinson sold 100,000 shares of the firm’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 transaction of $18,094,000.00. Following the sale, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. Insiders sold 366,271 shares of company stock worth $63,653,887 over the last three months. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AAPL has been the subject of a number of research reports. Morgan Stanley decreased their target price on shares of Apple from $220.00 to $210.00 and set an “overweight” rating for the company in a research note on Monday, April 22nd. Monness Crespi & Hardt boosted their target price on Apple from $189.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Bank of America raised Apple from a “neutral” rating to a “buy” rating and upped their target price for the stock from $208.00 to $225.00 in a research report on Thursday, January 18th. Oppenheimer reissued an “outperform” rating and issued a $200.00 price target on shares of Apple in a research note on Friday, February 2nd. Finally, Maxim Group started coverage on Apple in a report 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, twelve have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.62.

Apple Price Performance

Shares of Apple stock opened at $173.50 on Tuesday. The firm has a market cap of $2.68 trillion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The firm’s 50-day simple moving average is $172.86 and its 200-day simple moving average is $181.77. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $199.62. 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 (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating 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 company had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. During the same period in the previous year, the business earned $1.88 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 6.54 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 given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio (DPR) is 14.95%.

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.