Apple Inc. (NASDAQ:AAPL) Shares Sold by Nixon Peabody Trust Co.

Nixon Peabody Trust Co. lowered its position in Apple Inc. (NASDAQ:AAPLFree Report) by 2.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,860 shares of the iPhone maker’s stock after selling 1,395 shares during the quarter. Apple accounts for approximately 7.3% of Nixon Peabody Trust Co.’s investment portfolio, making the stock its largest position. Nixon Peabody Trust Co.’s holdings in Apple were worth $8,708,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AAPL. Center For Asset Management LLC boosted its holdings in Apple by 53.3% in the second quarter. Center For Asset Management LLC now owns 21,898 shares of the iPhone maker’s stock valued at $4,247,000 after acquiring an additional 7,616 shares during the last quarter. Kingdom Financial Group LLC. boosted its holdings in Apple by 5.5% in the third quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock valued at $1,963,000 after acquiring an additional 598 shares during the last quarter. RFG Advisory LLC boosted its holdings in shares of Apple by 13.6% during the 3rd quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock worth $29,589,000 after buying an additional 20,737 shares in the last quarter. Conrad Siegel Investment Advisors Inc. boosted its holdings in shares of Apple by 22.2% during the 2nd quarter. Conrad Siegel Investment Advisors Inc. now owns 7,897 shares of the iPhone maker’s stock worth $1,532,000 after buying an additional 1,436 shares in the last quarter. Finally, My Personal CFO LLC boosted its holdings in shares of Apple by 4.1% during the 2nd quarter. My Personal CFO LLC now owns 26,276 shares of the iPhone maker’s stock worth $5,097,000 after buying an additional 1,047 shares in the last quarter. Institutional investors and hedge funds own 58.51% of the company’s stock.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 4,806 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $184.04, for a total value of $884,496.24. Following the completion of the transaction, the insider now owns 34,687 shares in the company, valued at approximately $6,383,795.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Apple news, SVP Katherine L. Adams sold 123,448 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $188.79, for a total value of $23,305,747.92. Following the completion of the transaction, the senior vice president now owns 293,266 shares in the company, valued at approximately $55,365,688.14. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Chris Kondo sold 4,806 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $184.04, for a total value of $884,496.24. Following the completion of the transaction, the insider now owns 34,687 shares of the company’s stock, valued at approximately $6,383,795.48. The disclosure for this sale can be found here. Insiders sold a total of 133,767 shares of company stock worth $25,248,740 in the last quarter. 0.06% of the stock is owned by company insiders.

Apple Trading Up 1.6 %

Shares of AAPL opened at $191.56 on Friday. The business has a 50-day moving average of $190.40 and a 200 day moving average of $184.35. Apple Inc. has a fifty-two week low of $134.22 and a fifty-two week high of $199.62. The firm has a market cap of $2.96 trillion, a P/E ratio of 31.30, a price-to-earnings-growth ratio of 2.52 and a beta of 1.29. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.94 and a current ratio of 0.99.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.07. Apple had a return on equity of 160.78% and a net margin of 25.31%. The company had revenue of $89.50 billion during the quarter, compared to analyst estimates of $89.34 billion. During the same quarter last year, the firm posted $1.29 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. As a group, research analysts forecast that Apple Inc. will post 6.57 EPS for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Friday, November 10th. Apple’s dividend payout ratio (DPR) is currently 15.69%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Redburn Partners cut Apple to a “neutral” rating and set a $200.00 price target on the stock. in a report on Wednesday, January 10th. StockNews.com assumed coverage on Apple in a report on Thursday, October 5th. They set a “hold” rating on the stock. Barclays cut Apple from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $161.00 to $160.00 in a report on Tuesday, January 2nd. Bank of America upgraded Apple from a “neutral” rating to a “buy” rating and increased their price target for the stock from $208.00 to $225.00 in a report on Thursday. Finally, Oppenheimer cut their target price on Apple from $220.00 to $200.00 and set an “outperform” rating on the stock in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus target price of $201.14.

View Our Latest Analysis on Apple

Apple Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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