Apple Inc. (NASDAQ:AAPL) is Greenleaf Trust’s 4th Largest Position

Greenleaf Trust raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 702,624 shares of the iPhone maker’s stock after purchasing an additional 8,960 shares during the quarter. Apple accounts for approximately 1.5% of Greenleaf Trust’s investment portfolio, making the stock its 4th largest holding. Greenleaf Trust’s holdings in Apple were worth $163,711,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AAPL. Commerzbank Aktiengesellschaft FI raised its position in Apple by 34.7% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 591,599 shares of the iPhone maker’s stock worth $137,843,000 after acquiring an additional 152,310 shares during the period. Meadow Creek Wealth Advisors LLC raised its position in shares of Apple by 6.4% during the 3rd quarter. Meadow Creek Wealth Advisors LLC now owns 20,289 shares of the iPhone maker’s stock worth $4,727,000 after acquiring an additional 1,212 shares in the last quarter. Plan Group Financial LLC boosted its holdings in shares of Apple by 19.3% in the 3rd quarter. Plan Group Financial LLC now owns 7,629 shares of the iPhone maker’s stock valued at $1,777,000 after buying an additional 1,232 shares in the last quarter. Elevated Capital Advisors LLC increased its position in Apple by 26.9% during the third quarter. Elevated Capital Advisors LLC now owns 44,870 shares of the iPhone maker’s stock worth $10,455,000 after buying an additional 9,515 shares during the period. Finally, Global X Japan Co. Ltd. boosted its stake in shares of Apple by 19.5% during the third quarter. Global X Japan Co. Ltd. now owns 157,464 shares of the iPhone maker’s stock worth $36,689,000 after buying an additional 25,643 shares during the period. Institutional investors own 67.73% of the company’s stock.

Insider Activity

In other news, SVP Katherine L. Adams sold 61,019 shares of the firm’s stock in a transaction dated 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 owns 187,043 shares of the company’s stock, valued at $42,309,126.60. This trade represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 508,170 shares of company stock worth $117,004,745 over the last three months. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AAPL shares. Wedbush reissued an “outperform” rating and issued a $300.00 price target on shares of Apple in a report on Friday, November 29th. KeyCorp downgraded shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price target for the company. in a report on Friday, October 25th. StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Tigress Financial boosted their price objective on Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 28th. Finally, Evercore ISI reaffirmed a “buy” rating and issued a $250.00 target price on shares of Apple in a research report on Thursday, September 26th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $236.78.

Apple Price Performance

Shares of Apple stock opened at $254.49 on Friday. The firm has a market capitalization of $3.85 trillion, a PE ratio of 41.86, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $255.00. The business’s 50-day moving average price is $234.97 and its 200-day moving average price is $225.48.

Apple (NASDAQ:AAPL) last announced 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 firm had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the previous year, the company posted $1.46 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. Sell-side analysts forecast that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

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.