West Oak Capital LLC Sells 817 Shares of Apple Inc. (NASDAQ:AAPL)

West Oak Capital LLC lessened its position in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 2.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,639 shares of the iPhone maker’s stock after selling 817 shares during the quarter. Apple comprises about 2.2% of West Oak Capital LLC’s investment portfolio, making the stock its 3rd largest position. West Oak Capital LLC’s holdings in Apple were worth $4,189,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in Apple in the fourth quarter valued at about $25,228,507,000. Aaron Wealth Advisors LLC lifted its stake 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 buying an additional 25,989,570 shares during the period. State Street Corp lifted its stake 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 buying an additional 10,951,705 shares during the period. Capital Research Global Investors lifted its stake 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 buying an additional 9,354,484 shares during the period. Finally, Vanguard Group Inc. lifted its stake 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 buying an additional 8,734,393 shares during the period. Institutional investors and hedge funds own 57.72% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AAPL. Rosenblatt Securities dropped their price target on Apple from $168.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, July 29th. JPMorgan Chase & Co. set a $200.00 price target on Apple in a research report on Monday, September 12th. Citigroup raised their price target on Apple from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Oppenheimer reaffirmed an “outperform” rating and set a $190.00 price target on shares of Apple in a research report on Wednesday, June 8th. Finally, Barclays set a $169.00 price target on Apple in a research report on Wednesday, September 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $181.68.

Apple Stock Down 2.0 %

Shares of NASDAQ:AAPL opened at $153.72 on Thursday. The company has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 25.37, a P/E/G ratio of 2.00 and a beta of 1.23. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.86 and a quick ratio of 0.82. The business’s 50-day moving average is $160.23 and its 200-day moving average is $155.88. Apple Inc. has a 1 year low of $129.04 and a 1 year high of $182.94.

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

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Monday, August 8th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Friday, August 5th. Apple’s dividend payout ratio is presently 15.18%.

About Apple

(Get Rating)

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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