Apple Inc. (NASDAQ:AAPL) Shares Sold by Bremer Bank National Association

Bremer Bank National Association decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,320 shares of the iPhone maker’s stock after selling 2,645 shares during the quarter. Apple comprises approximately 3.7% of Bremer Bank National Association’s investment portfolio, making the stock its 3rd biggest holding. Bremer Bank National Association’s holdings in Apple were worth $19,700,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wyrmwood Management LLC lifted its stake in Apple by 69.0% in 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 in the last quarter. Atlantic Private Wealth LLC bought a new position in Apple in the first quarter valued at approximately $30,000. Cheyne Capital Management UK LLP lifted its position in shares of Apple by 200.0% in the third quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock worth $212,000 after purchasing an additional 550 shares in the last quarter. West Tower Group LLC bought a new stake in shares of Apple in the second quarter worth $64,000. Finally, HBC Financial Services PLLC lifted its position in shares of Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wedbush reissued an “outperform” rating and issued a $250.00 price objective on shares of Apple in a research report on Thursday, March 21st. UBS Group reissued a “hold” rating and issued a $190.00 price objective on shares of Apple in a research report on Monday. Piper Sandler cut their price objective on shares of Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. The Goldman Sachs Group boosted their price objective on shares of Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Barclays lowered their target price on shares of Apple from $160.00 to $158.00 and set an “underweight” rating on the stock in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.53.

Insider Buying and Selling at Apple

In other news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.06% of the company’s stock.

Apple Trading Down 1.1 %

Shares of Apple stock opened at $171.48 on Friday. The firm has a 50-day moving average of $181.50 and a 200-day moving average of $182.66. The stock has a market cap of $2.65 trillion, a PE ratio of 26.71, a PEG ratio of 2.05 and a beta of 1.29. Apple Inc. has a 52-week low of $159.35 and a 52-week 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 announced its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. The company had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. Apple’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.88 earnings per share. As a group, sell-side analysts forecast that Apple Inc. will post 6.55 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio is presently 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.