Apple Inc. (NASDAQ:AAPL) Shares Sold by Webster Bank N. A.

Webster Bank N. A. lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 220,541 shares of the iPhone maker’s stock after selling 4,038 shares during the period. Apple comprises 5.9% of Webster Bank N. A.’s investment portfolio, making the stock its 3rd largest holding. Webster Bank N. A.’s holdings in Apple were worth $55,228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. High Net Worth Advisory Group LLC grew its holdings in shares of Apple by 1.7% during the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock valued at $14,916,000 after buying an additional 1,066 shares in the last quarter. Amara Financial LLC. acquired a new stake in Apple during the 3rd quarter worth about $288,000. Sterling Investment Counsel LLC boosted its position in Apple by 3.8% during the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock worth $16,269,000 after acquiring an additional 2,565 shares during the period. Silicon Valley Capital Partners grew its stake in Apple by 12.8% during the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock valued at $59,122,000 after acquiring an additional 28,799 shares in the last quarter. Finally, Catalyst Financial Partners LLC increased its holdings in shares of Apple by 4.2% in the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock valued at $22,505,000 after purchasing an additional 3,935 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Price Performance

Shares of AAPL stock opened at $214.10 on Friday. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The company has a market capitalization of $3.22 trillion, a P/E ratio of 33.98, a P/E/G ratio of 2.44 and a beta of 1.18. The stock has a 50 day moving average of $232.19 and a two-hundred day moving average of $233.33. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, equities analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

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

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of research analyst reports. Citigroup boosted their price objective on shares of Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Jefferies Financial Group restated an “underperform” rating on shares of Apple in a report on Wednesday, February 19th. Moffett Nathanson reiterated a “sell” rating and set a $188.00 price objective (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. JPMorgan Chase & Co. boosted their target price on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, TD Cowen reaffirmed a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $243.65.

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.