Charles Schwab Trust Co Acquires 3,283 Shares of Apple Inc. (NASDAQ:AAPL)

Charles Schwab Trust Co grew its holdings in Apple Inc. (NASDAQ:AAPL) by 11.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 31,616 shares of the iPhone maker’s stock after purchasing an additional 3,283 shares during the quarter. Charles Schwab Trust Co’s holdings in Apple were worth $7,917,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Bull Oak Capital LLC boosted its holdings in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new position in Apple during the 2nd quarter valued at $42,000. Christopher J. Hasenberg Inc raised its stake in Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after purchasing an additional 144 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in Apple during the 3rd quarter valued at $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in Apple during the 3rd quarter valued at $77,000. 67.73% of the stock is owned by institutional investors.

Insider Activity

In other news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is owned by corporate insiders.

Apple Stock Down 4.8 %

Shares of NASDAQ:AAPL opened at $227.48 on Tuesday. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The company’s 50-day moving average price is $237.06 and its two-hundred day moving average price is $234.16. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The firm has a market cap of $3.42 trillion, a P/E ratio of 36.11, a P/E/G ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, research analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AAPL. TD Cowen reiterated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Wells Fargo & Company upped their target price on shares of Apple to $275.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Citigroup upped their target price on shares of Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Wedbush reiterated an “outperform” rating and set a $325.00 target price on shares of Apple in a research note on Monday, March 3rd. Finally, Argus upgraded shares of Apple to a “strong-buy” rating in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $243.88.

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.