Apple Inc. (NASDAQ:AAPL) Shares Sold by Trust Co. of Oklahoma

Trust Co. of Oklahoma decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 69,235 shares of the iPhone maker’s stock after selling 957 shares during the period. Apple makes up approximately 5.5% of Trust Co. of Oklahoma’s investment portfolio, making the stock its 3rd largest holding. Trust Co. of Oklahoma’s holdings in Apple were worth $17,338,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Apple by 254.9% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 107,030 shares of the iPhone maker’s stock valued at $22,543,000 after purchasing an additional 76,870 shares during the period. Clarity Asset Management Inc. boosted its position in Apple by 148.5% in the second quarter. Clarity Asset Management Inc. now owns 1,096 shares of the iPhone maker’s stock valued at $231,000 after buying an additional 655 shares during the last quarter. Goodman Advisory Group LLC increased its holdings in Apple by 27.0% in the 2nd quarter. Goodman Advisory Group LLC now owns 45,215 shares of the iPhone maker’s stock worth $9,523,000 after buying an additional 9,605 shares during the period. Texas Capital Bank Wealth Management Services Inc raised its position in Apple by 6.0% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 128,030 shares of the iPhone maker’s stock worth $26,966,000 after buying an additional 7,300 shares during the last quarter. Finally, Kathmere Capital Management LLC lifted its stake in Apple by 23.3% during the 2nd quarter. Kathmere Capital Management LLC now owns 70,578 shares of the iPhone maker’s stock valued at $14,865,000 after acquiring an additional 13,354 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Price Performance

Apple stock opened at $213.49 on Friday. The company has a fifty day simple moving average of $234.52 and a 200-day simple moving average of $233.73. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $3.21 trillion, a price-to-earnings ratio of 33.89, a PEG ratio of 2.44 and a beta of 1.18. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.47%. Apple’s dividend payout ratio is presently 15.87%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Moffett Nathanson reiterated a “sell” rating and issued a $188.00 price objective (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Wedbush reaffirmed an “outperform” rating and set a $325.00 price target on shares of Apple in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, January 31st. KeyCorp restated an “underweight” rating and issued a $200.00 target price on shares of Apple in a research note on Friday, January 31st. Finally, UBS Group lifted their price target on Apple to $236.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $243.22.

Insider Buying and Selling

In related news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.06% of the stock is currently owned by company insiders.

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.