Apple Inc. (NASDAQ:AAPL) Shares Sold by Wooster Corthell Wealth Management Inc.

Wooster Corthell Wealth Management Inc. lowered its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 4.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 13,582 shares of the iPhone maker’s stock after selling 559 shares during the quarter. Apple comprises approximately 0.6% of Wooster Corthell Wealth Management Inc.’s portfolio, making the stock its 21st largest holding. Wooster Corthell Wealth Management Inc.’s holdings in Apple were worth $2,372,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AAPL. Daniels&Tansey LLP lifted its position in shares of Apple by 1.6% in the 4th quarter. Daniels&Tansey LLP now owns 3,858 shares of the iPhone maker’s stock worth $685,000 after buying an additional 60 shares during the last quarter. Donald L. Hagan LLC lifted its position in shares of Apple by 0.3% in the 1st quarter. Donald L. Hagan LLC now owns 18,220 shares of the iPhone maker’s stock worth $3,181,000 after buying an additional 61 shares during the last quarter. Goodwin Daniel L lifted its position in shares of Apple by 0.5% in the 1st quarter. Goodwin Daniel L now owns 12,761 shares of the iPhone maker’s stock worth $2,230,000 after buying an additional 62 shares during the last quarter. Opus Capital Group LLC increased its holdings in shares of Apple by 0.3% in the 1st quarter. Opus Capital Group LLC now owns 19,081 shares of the iPhone maker’s stock worth $3,332,000 after acquiring an additional 63 shares during the period. Finally, Norwood Financial Corp increased its holdings in shares of Apple by 0.9% in the 1st quarter. Norwood Financial Corp now owns 7,025 shares of the iPhone maker’s stock worth $1,227,000 after acquiring an additional 65 shares during the period. Institutional investors and hedge funds own 57.98% of the company’s stock.

Apple Stock Performance

AAPL stock opened at $161.51 on Tuesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.82 and a current ratio of 0.86. The stock has a market cap of $2.61 trillion, a P/E ratio of 26.65, a P/E/G ratio of 2.11 and a beta of 1.23. The firm has a 50 day simple moving average of $144.68 and a 200 day simple moving average of $157.12. Apple Inc. has a 52 week low of $129.04 and a 52 week high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, topping the consensus estimate of $1.14 by $0.06. The business had revenue of $82.96 billion during the quarter, compared to analysts’ expectations of $82.97 billion. Apple had a net margin of 25.71% and a return on equity of 152.97%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $1.30 earnings per share. Research analysts anticipate that Apple Inc. will post 6.08 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 11th. Investors of record on Monday, August 8th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, August 5th. Apple’s dividend payout ratio is currently 15.18%.

Apple announced that its board has initiated a share buyback plan on Thursday, April 28th that allows the company to repurchase $90.00 billion in shares. This repurchase authorization allows the iPhone maker to purchase up to 3.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

AAPL has been the topic of a number of analyst reports. Evercore ISI increased their price objective on shares of Apple from $180.00 to $185.00 in a report on Friday. Wells Fargo & Company dropped their price objective on shares of Apple from $205.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, July 20th. Raymond James dropped their price objective on shares of Apple from $190.00 to $185.00 and set a “maintains” rating on the stock in a report on Friday. Deutsche Bank Aktiengesellschaft set a $175.00 price objective on shares of Apple in a report on Monday. Finally, Bank of America lowered their target price on shares of Apple from $200.00 to $185.00 in a research note on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $179.04.

Insider Buying and Selling

In related news, SVP Katherine L. Adams sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $161.72, for a total transaction of $4,043,000.00. Following the completion of the sale, the senior vice president now directly owns 452,334 shares in the company, valued at $73,151,454.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

Further Reading

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLGet Rating).



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