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

Webster Bank N. A. lowered its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 217,843 shares of the iPhone maker's stock after selling 2,698 shares during the period. Apple makes up approximately 5.3% of Webster Bank N. A.'s portfolio, making the stock its 3rd biggest holding. Webster Bank N. A.'s holdings in Apple were worth $48,389,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Regent Peak Wealth Advisors LLC boosted its holdings in shares of Apple by 0.9% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 111,858 shares of the iPhone maker's stock valued at $28,012,000 after acquiring an additional 1,050 shares in the last quarter. RMR Wealth Builders raised its holdings in Apple by 0.7% during the fourth quarter. RMR Wealth Builders now owns 119,262 shares of the iPhone maker's stock worth $29,866,000 after purchasing an additional 786 shares in the last quarter. Signal Advisors Wealth LLC lifted its position in Apple by 7.3% in the fourth quarter. Signal Advisors Wealth LLC now owns 40,991 shares of the iPhone maker's stock valued at $10,265,000 after purchasing an additional 2,794 shares during the period. Rosenberg Matthew Hamilton boosted its holdings in Apple by 0.5% in the 4th quarter. Rosenberg Matthew Hamilton now owns 11,330 shares of the iPhone maker's stock valued at $2,837,000 after purchasing an additional 53 shares in the last quarter. Finally, Capital CS Group LLC increased its position in Apple by 109.4% during the 4th quarter. Capital CS Group LLC now owns 3,797 shares of the iPhone maker's stock worth $951,000 after purchasing an additional 44,406 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Transactions at Apple

In related news, CEO Timothy D. Cook sold 108,136 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the transaction, the chief executive officer now directly owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. This represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 4,486 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $208.19, for a total value of $933,940.34. Following the completion of the sale, the insider now directly owns 15,533 shares in the company, valued at approximately $3,233,815.27. The trade was a 22.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 191,507 shares of company stock worth $42,694,080 over the last quarter. 0.06% of the stock is currently owned by insiders.

Apple Trading Up 0.0%

Shares of Apple stock traded up $0.08 during mid-day trading on Friday, hitting $201.08. 73,093,456 shares of the stock were exchanged, compared to its average volume of 53,360,608. The stock has a market capitalization of $3.00 trillion, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 2.25 and a beta of 1.22. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. The company has a 50-day simple moving average of $202.61 and a 200 day simple moving average of $220.03.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.03. The firm had revenue of $95.36 billion for the quarter, compared to analyst estimates of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 167.24%. Apple's revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.53 earnings per share. Research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple declared that its Board of Directors has approved a stock repurchase program on Thursday, May 1st that authorizes the company to buyback $100.00 billion in shares. This buyback authorization authorizes the iPhone maker to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 12th were issued a dividend of $0.26 per share. This is a boost from Apple's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.04 annualized dividend and a dividend yield of 0.52%. Apple's dividend payout ratio (DPR) is 16.20%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AAPL shares. Bank of America reissued a "buy" rating and issued a $235.00 price target on shares of Apple in a report on Tuesday, June 10th. Jefferies Financial Group reiterated an "underperform" rating and issued a $170.62 price objective (up previously from $167.88) on shares of Apple in a research report on Friday, May 2nd. Morgan Stanley restated an "overweight" rating on shares of Apple in a research report on Friday, June 13th. DA Davidson upped their price target on shares of Apple from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Monness Crespi & Hardt raised their price objective on shares of Apple to $245.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $234.39.

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.