Apple Inc. (NASDAQ:AAPL) Holdings Lessened by NatWest Group plc

NatWest Group plc reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,455 shares of the iPhone maker’s stock after selling 4,666 shares during the period. Apple comprises 6.1% of NatWest Group plc’s portfolio, making the stock its 3rd largest holding. NatWest Group plc’s holdings in Apple were worth $17,788,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Apple in the fourth quarter worth about $33,912,466,000. Vanguard Group Inc. increased its holdings in Apple by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 1,318,064,349 shares of the iPhone maker’s stock worth $253,766,929,000 after acquiring an additional 18,067,216 shares in the last quarter. Swedbank AB bought a new stake in Apple during the 1st quarter worth approximately $3,026,492,000. Global Assets Advisory LLC lifted its holdings in Apple by 23,076.4% during the first quarter. Global Assets Advisory LLC now owns 9,240,214 shares of the iPhone maker’s stock valued at $1,584,512,000 after purchasing an additional 9,200,345 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in Apple by 158.3% during the first quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker’s stock valued at $1,977,582,000 after purchasing an additional 7,067,379 shares in the last quarter. 60.41% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the sale, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Apple news, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the completion of the sale, the insider now owns 15,419 shares in the company, valued at $3,469,275. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. The disclosure for this sale can be found here. Insiders have sold 113,884 shares of company stock worth $23,723,887 in the last three months. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on AAPL. Morgan Stanley restated an “overweight” rating and set a $273.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Needham & Company LLC reissued a “buy” rating and set a $260.00 price target on shares of Apple in a report on Thursday. Piper Sandler Companies restated a “neutral” rating and issued a $225.00 price objective (up from $190.00) on shares of Apple in a research report on Tuesday, July 9th. Tigress Financial increased their target price on Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 28th. Finally, Maxim Group reissued a “hold” rating and issued a $203.00 price target on shares of Apple in a report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $239.17.

Apple Stock Performance

NASDAQ AAPL opened at $228.20 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. The business’s 50 day moving average price is $222.41 and its 200-day moving average price is $199.99. The company has a market cap of $3.50 trillion, a P/E ratio of 35.49, a P/E/G ratio of 2.62 and a beta of 1.24. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.23.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The company had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. During the same period in the prior year, the company posted $1.26 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Sell-side analysts predict that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were given a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s dividend payout ratio (DPR) is 15.55%.

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.