Apple Inc. (NASDAQ:AAPL) Shares Sold by Hall Laurie J Trustee

Hall Laurie J Trustee lessened its holdings in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 8.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 61,206 shares of the iPhone maker’s stock after selling 5,310 shares during the quarter. Apple accounts for about 3.9% of Hall Laurie J Trustee’s investment portfolio, making the stock its 2nd largest holding. Hall Laurie J Trustee’s holdings in Apple were worth $8,367,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Apple in the fourth quarter valued at approximately $25,228,507,000. Aaron Wealth Advisors LLC grew its position in Apple by 30,391.8% in the first quarter. Aaron Wealth Advisors LLC now owns 26,075,085 shares of the iPhone maker’s stock valued at $149,333,000 after acquiring an additional 25,989,570 shares in the last quarter. State Street Corp grew its position in Apple by 1.8% in the fourth quarter. State Street Corp now owns 633,115,246 shares of the iPhone maker’s stock valued at $112,422,274,000 after acquiring an additional 10,951,705 shares in the last quarter. Capital Research Global Investors grew its position in Apple by 31.7% in the first quarter. Capital Research Global Investors now owns 38,903,911 shares of the iPhone maker’s stock valued at $6,793,041,000 after acquiring an additional 9,354,484 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Apple by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after acquiring an additional 8,734,393 shares in the last quarter. Institutional investors and hedge funds own 57.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wedbush increased their price objective on shares of Apple from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, August 17th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $139.00 price objective on shares of Apple in a research report on Thursday, September 8th. Oppenheimer reissued an “outperform” rating and set a $190.00 price target on shares of Apple in a research report on Wednesday, June 8th. Bank of America decreased their price target on shares of Apple from $200.00 to $185.00 in a research report on Tuesday, July 26th. Finally, Sanford C. Bernstein set a $170.00 price target on shares of Apple in a research report on Monday, September 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $181.52.

Insider Buying and Selling

In other news, SVP Katherine L. Adams sold 25,000 shares of Apple stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the transaction, the senior vice president now directly owns 427,334 shares in the company, valued at approximately $70,411,823.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Apple news, SVP Katherine L. Adams sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the completion of the sale, the senior vice president now directly owns 427,334 shares of the company’s stock, valued at approximately $70,411,823.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the transaction, the chief financial officer now owns 110,673 shares of the company’s stock, valued at approximately $19,362,241.35. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

Apple Stock Performance

AAPL stock opened at $150.70 on Friday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.82 and a current ratio of 0.86. The stock has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 24.87, a PEG ratio of 1.97 and a beta of 1.23. Apple Inc. has a 1 year low of $129.04 and a 1 year high of $182.94. The stock’s fifty day moving average is $159.65 and its two-hundred day moving average is $156.09.

Apple (NASDAQ:AAPLGet Rating) last announced its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.06. Apple had a net margin of 25.71% and a return on equity of 152.97%. The firm had revenue of $82.96 billion during the quarter, compared to analyst estimates of $82.97 billion. During the same quarter in the prior year, the firm posted $1.30 EPS. Apple’s revenue was up 1.9% compared to the same quarter last year. On average, research analysts predict that Apple Inc. will post 6.11 EPS for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Monday, August 8th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. Apple’s dividend payout ratio is presently 15.18%.

About Apple

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Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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