Apple Inc. (NASDAQ:AAPL) is Diversified Trust Co’s 5th Largest Position

Diversified Trust Co raised its stake in Apple Inc. (NASDAQ:AAPL) by 8.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 654,345 shares of the iPhone maker’s stock after purchasing an additional 49,309 shares during the period. Apple accounts for approximately 4.0% of Diversified Trust Co’s holdings, making the stock its 5th biggest holding. Diversified Trust Co’s holdings in Apple were worth $163,861,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bull Oak Capital LLC raised its position in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the period. Hershey Financial Advisers LLC bought a new position in Apple during the second quarter valued at about $42,000. Christopher J. Hasenberg Inc lifted its stake in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares during the period. SPX Gestao de Recursos Ltda bought a new position in Apple during the 3rd quarter valued at about $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new stake in Apple during the 3rd quarter worth about $77,000. 67.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. TD Cowen reaffirmed a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Bank of America upped their target price on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Jefferies Financial Group cut shares of Apple from a “hold” rating to an “underperform” rating and cut their price objective for the stock from $211.84 to $200.75 in a research report on Thursday, January 30th. Barclays raised their price objective on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company raised their price target on shares of Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $242.52.

Insider Transactions at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of Apple 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 transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of AAPL stock opened at $244.60 on Tuesday. 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 stock has a market capitalization of $3.67 trillion, a PE ratio of 38.83, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $260.10. The stock’s 50-day moving average price is $240.70 and its 200 day moving average price is $231.75.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating analysts’ consensus estimates 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 research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. Apple’s payout ratio is currently 15.87%.

Apple 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.