Whittier Trust Co. Has $362.43 Million Holdings in Apple Inc. $AAPL

Whittier Trust Co. lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,766,469 shares of the iPhone maker’s stock after selling 24,463 shares during the quarter. Apple comprises about 4.4% of Whittier Trust Co.’s investment portfolio, making the stock its 3rd biggest position. Whittier Trust Co.’s holdings in Apple were worth $362,426,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AAPL. Ryan Investment Management Inc. acquired a new stake in Apple in the 2nd quarter worth approximately $31,000. ROSS JOHNSON & Associates LLC lifted its position in Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after acquiring an additional 180 shares during the last quarter. Nexus Investment Management ULC boosted its holdings in Apple by 333.3% during the second quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock valued at $53,000 after acquiring an additional 200 shares during the period. Elite Financial Inc. acquired a new stake in shares of Apple in the first quarter valued at about $58,000. Finally, LSV Asset Management bought a new position in shares of Apple in the fourth quarter worth about $65,000. 67.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AAPL shares. Loop Capital raised Apple from a “hold” rating to a “buy” rating and raised their target price for the company from $226.00 to $315.00 in a report on Monday, October 20th. Seaport Res Ptn raised Apple to a “strong-buy” rating in a research report on Wednesday, October 1st. Citigroup reissued a “buy” rating and issued a $315.00 price target (up from $245.00) on shares of Apple in a report on Friday, October 31st. Wedbush restated an “outperform” rating on shares of Apple in a research note on Tuesday, October 21st. Finally, The Goldman Sachs Group lifted their price objective on Apple from $279.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average price target of $278.22.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 3,752 shares of Apple stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $271.23, for a total value of $1,017,654.96. Following the sale, the insider owned 15,098 shares of the company’s stock, valued at $4,095,030.54. This trade represents a 19.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Deirdre O’brien sold 43,013 shares of the company’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total value of $11,071,116.07. Following the transaction, the senior vice president directly owned 136,687 shares of the company’s stock, valued at $35,181,866.93. This represents a 23.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 228,052 shares of company stock valued at $58,604,588 over the last quarter. 0.06% of the stock is currently owned by corporate insiders.

Apple Price Performance

NASDAQ:AAPL opened at $266.25 on Friday. The firm has a market cap of $3.93 trillion, a PE ratio of 40.40, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $277.32. The company’s 50-day moving average price is $258.74 and its two-hundred day moving average price is $228.42. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. Apple had a net margin of 24.30% and a return on equity of 170.91%. The business had revenue of $102.47 billion for the quarter, compared to the consensus estimate of $101.65 billion. During the same period last year, the company posted $1.64 EPS. Apple’s revenue for the quarter was up 8.7% on a year-over-year basis. 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 disclosed a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 10th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, November 10th. Apple’s dividend payout ratio (DPR) is presently 13.92%.

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.