Apple Inc. (NASDAQ:AAPL) Shares Sold by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,268,089 shares of the iPhone maker’s stock after selling 17,776 shares during the period. Apple makes up approximately 6.0% of Border to Coast Pensions Partnership Ltd’s investment portfolio, making the stock its 3rd biggest position. Border to Coast Pensions Partnership Ltd’s holdings in Apple were worth $294,602,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of AAPL. China Universal Asset Management Co. Ltd. raised its position in shares of Apple by 127.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock worth $12,943,000 after acquiring an additional 42,282 shares in the last quarter. Westwood Holdings Group Inc. grew its stake in Apple by 2.4% during the first quarter. Westwood Holdings Group Inc. now owns 761,774 shares of the iPhone maker’s stock worth $130,629,000 after purchasing an additional 17,519 shares during the period. Kestra Advisory Services LLC increased its holdings in Apple by 9.8% in the first quarter. Kestra Advisory Services LLC now owns 2,464,000 shares of the iPhone maker’s stock worth $422,527,000 after purchasing an additional 220,502 shares in the last quarter. BOKF NA grew its holdings in Apple by 2.2% in the first quarter. BOKF NA now owns 939,572 shares of the iPhone maker’s stock worth $159,755,000 after purchasing an additional 20,499 shares during the period. Finally, Fairview Capital Investment Management LLC increased its stake in Apple by 1.4% in the first quarter. Fairview Capital Investment Management LLC now owns 138,900 shares of the iPhone maker’s stock valued at $23,819,000 after purchasing an additional 1,977 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Up 1.2 %

Shares of Apple stock opened at $251.04 on Tuesday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $251.38. The stock has a market capitalization of $3.79 trillion, a P/E ratio of 41.29, a PEG ratio of 2.41 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 stock has a 50 day moving average price of $233.09 and a two-hundred day moving average price of $224.30.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. During the same period in the prior year, the business earned $1.46 earnings per share. Apple’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities analysts expect that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio (DPR) is 16.45%.

Insiders Place Their Bets

In other Apple news, SVP Katherine L. Adams sold 61,019 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the transaction, the senior vice president now directly owns 187,043 shares in the company, valued at approximately $42,309,126.60. This trade represents a 24.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 408,170 shares of company stock worth $92,007,745 over the last three months. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AAPL. Citigroup lifted their price objective on shares of Apple to $185.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Loop Capital cut their price target on shares of Apple from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Evercore ISI reiterated a “buy” rating and issued a $250.00 price objective on shares of Apple in a research note on Thursday, September 26th. Melius Research reissued a “buy” rating and set a $265.00 target price on shares of Apple in a research report on Tuesday, August 27th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $265.00 target price on shares of Apple in a report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $236.78.

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.