Apple Inc. $AAPL Shares Sold by Pioneer Trust Bank N A OR

Pioneer Trust Bank N A OR lessened its position in Apple Inc. (NASDAQ:AAPL) by 1.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 117,487 shares of the iPhone maker’s stock after selling 1,979 shares during the quarter. Apple makes up about 6.9% of Pioneer Trust Bank N A OR’s holdings, making the stock its 3rd biggest holding. Pioneer Trust Bank N A OR’s holdings in Apple were worth $26,097,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Burkett Financial Services LLC lifted its holdings in Apple by 0.6% during the 1st quarter. Burkett Financial Services LLC now owns 14,401 shares of the iPhone maker’s stock valued at $3,199,000 after purchasing an additional 93 shares during the last quarter. Avid Wealth Partners LLC raised its stake in shares of Apple by 28.3% during the first quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock worth $935,000 after buying an additional 930 shares during the last quarter. OneAscent Wealth Management LLC grew its holdings in Apple by 4.6% during the fourth quarter. OneAscent Wealth Management LLC now owns 9,332 shares of the iPhone maker’s stock valued at $2,337,000 after purchasing an additional 409 shares during the period. TruWealth Advisors LLC grew its holdings in Apple by 2.8% during the first quarter. TruWealth Advisors LLC now owns 189,282 shares of the iPhone maker’s stock valued at $42,045,000 after purchasing an additional 5,120 shares during the period. Finally, Allstate Corp grew its holdings in Apple by 3,368.2% during the fourth quarter. Allstate Corp now owns 451,489 shares of the iPhone maker’s stock valued at $113,062,000 after purchasing an additional 438,471 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling

In other news, SVP Deirdre O’brien sold 34,821 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $223.20, for a total value of $7,772,047.20. Following the sale, the senior vice president owned 136,687 shares of the company’s stock, valued at $30,508,538.40. The trade was a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.06% of the stock is currently owned by company insiders.

Apple Stock Down 0.2%

Shares of NASDAQ AAPL opened at $232.14 on Friday. The company’s 50 day moving average price is $215.79 and its 200-day moving average price is $213.08. The company has a market capitalization of $3.45 trillion, a P/E ratio of 35.23, a price-to-earnings-growth ratio of 2.43 and a beta of 1.16. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.14. The company had revenue of $94.04 billion during the quarter, compared to analyst estimates of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. Apple’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 EPS. Equities analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple’s payout ratio is 15.78%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Bank of America reiterated a “buy” rating and issued a $250.00 price target on shares of Apple in a report on Monday, August 25th. Citigroup boosted their price objective on shares of Apple from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Morgan Stanley boosted their price objective on shares of Apple from $235.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. BMO Capital Markets reissued a “buy” rating on shares of Apple in a research report on Wednesday, August 13th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $250.00 price target on shares of Apple in a research report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $237.37.

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.