Apple Inc. (NASDAQ:AAPL) Shares Sold by Nixon Peabody Trust Co.

Nixon Peabody Trust Co. lessened its stake in Apple Inc. (NASDAQ:AAPL) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 276,377 shares of the iPhone maker’s stock after selling 6,169 shares during the period. Apple accounts for about 5.2% of Nixon Peabody Trust Co.’s holdings, making the stock its 4th biggest position. Nixon Peabody Trust Co.’s holdings in Apple were worth $58,211,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AAPL. Fortis Capital Advisors LLC increased its stake in shares of Apple by 6.7% during the fourth quarter. Fortis Capital Advisors LLC now owns 66,866 shares of the iPhone maker’s stock worth $12,874,000 after acquiring an additional 4,178 shares during the period. Wilson & Boucher Capital Management LLC boosted its holdings in Apple by 5.0% in the 4th quarter. Wilson & Boucher Capital Management LLC now owns 38,792 shares of the iPhone maker’s stock valued at $7,469,000 after purchasing an additional 1,848 shares in the last quarter. Act Two Investors LLC increased its position in Apple by 7.1% during the 4th quarter. Act Two Investors LLC now owns 97,097 shares of the iPhone maker’s stock worth $18,694,000 after purchasing an additional 6,445 shares during the period. Cape Investment Advisory Inc. raised its stake in shares of Apple by 67.1% during the 4th quarter. Cape Investment Advisory Inc. now owns 28,298 shares of the iPhone maker’s stock worth $5,448,000 after buying an additional 11,367 shares in the last quarter. Finally, DSM Capital Partners LLC acquired a new stake in shares of Apple in the 4th quarter valued at approximately $568,000. 60.41% of the stock is owned by hedge funds and other institutional investors.

Apple Price Performance

AAPL stock opened at $226.80 on Friday. The company has a market cap of $3.48 trillion, a PE ratio of 35.27, a price-to-earnings-growth ratio of 2.66 and a beta of 1.24. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The stock has a 50-day moving average price of $222.90 and a two-hundred day moving average price of $204.06. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.23.

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

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s dividend payout ratio is currently 15.55%.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the company’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 transaction, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, 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 transaction of $20,644,000.00. Following the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at $39,542,136.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 458,619 shares of company stock valued at $101,352,630 over the last three months. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

AAPL has been the subject of several research analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research report on Tuesday, September 10th. Sanford C. Bernstein boosted their price target on Apple from $195.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, June 21st. New Street Research reaffirmed a “neutral” rating and issued a $225.00 price objective on shares of Apple in a research note on Wednesday, September 25th. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Oppenheimer restated a “buy” rating and issued a $250.00 price target on shares of Apple in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.76.

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.