Apple Inc. (NASDAQ:AAPL) is Woodstock Corp’s 5th Largest Position

Woodstock Corp lessened its stake in Apple Inc. (NASDAQ:AAPL) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 172,459 shares of the iPhone maker’s stock after selling 7,508 shares during the period. Apple comprises approximately 3.9% of Woodstock Corp’s investment portfolio, making the stock its 5th largest holding. Woodstock Corp’s holdings in Apple were worth $40,183,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Hershey Financial Advisers LLC purchased a new position in shares of Apple in the second quarter worth about $42,000. Christopher J. Hasenberg Inc lifted its stake in Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares in the last quarter. Hoese & Co LLP boosted its position in shares of Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after acquiring an additional 57 shares during the last quarter. Sage Financial Group Inc. purchased a new position in Apple in the second quarter worth approximately $206,000. Finally, Benchmark Wealth Management LLC acquired a new position in Apple in the second quarter valued at about $208,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Apple

In related news, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the completion of the sale, the chief operating officer now owns 489,944 shares in the company, valued at approximately $111,148,695.84. This trade represents a 10.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 408,170 shares of company stock worth $92,007,745 in the last ninety days. 0.06% of the stock is owned by company insiders.

Apple Stock Performance

NASDAQ:AAPL opened at $242.65 on Wednesday. The stock has a market cap of $3.67 trillion, a P/E ratio of 39.91, a PEG ratio of 2.35 and a beta of 1.23. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The business’s 50-day moving average price is $229.59 and its two-hundred day moving average price is $220.74. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $242.76.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. The business had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. Apple’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.46 earnings per share. As a group, equities analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Analyst Ratings Changes

Several research analysts have recently commented on AAPL shares. Oppenheimer reissued a “buy” rating and issued a $250.00 price objective on shares of Apple in a research note on Tuesday, October 1st. Rosenblatt Securities increased their target price on shares of Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup raised their target price on shares of Apple to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Moffett Nathanson reduced their price objective on Apple from $211.00 to $202.00 and set a “neutral” rating for the company in a research note on Tuesday, November 19th. Finally, Evercore ISI restated a “buy” rating and issued a $250.00 target price on shares of Apple in a research note on Thursday, September 26th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $235.68.

About Apple

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.