Apple Inc. (NASDAQ:AAPL) Shares Acquired by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. grew its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,117,416 shares of the iPhone maker's stock after acquiring an additional 27,174 shares during the period. Apple comprises about 6.9% of Whittier Trust Co. of Nevada Inc.'s holdings, making the stock its largest holding. Whittier Trust Co. of Nevada Inc.'s holdings in Apple were worth $279,823,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vinva Investment Management Ltd boosted its position in shares of Apple by 12.4% during the fourth quarter. Vinva Investment Management Ltd now owns 764,075 shares of the iPhone maker's stock valued at $192,700,000 after buying an additional 83,997 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new stake in shares of Apple in the third quarter worth approximately $4,972,000. SYM FINANCIAL Corp raised its holdings in shares of Apple by 6.3% during the third quarter. SYM FINANCIAL Corp now owns 28,626 shares of the iPhone maker's stock valued at $6,670,000 after purchasing an additional 1,695 shares during the last quarter. Tradewinds Capital Management LLC lifted its position in Apple by 9.2% during the fourth quarter. Tradewinds Capital Management LLC now owns 21,198 shares of the iPhone maker's stock valued at $5,308,000 after purchasing an additional 1,779 shares during the period. Finally, Berkshire Bank boosted its holdings in Apple by 2.7% in the fourth quarter. Berkshire Bank now owns 89,580 shares of the iPhone maker's stock worth $22,433,000 after purchasing an additional 2,360 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 4,486 shares of Apple 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 transaction, the insider now owns 15,533 shares in the company, valued at $3,233,815.27. The trade was a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevan Parekh sold 4,570 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total transaction of $941,420.00. Following the sale, the chief financial officer now directly owns 4,569 shares of the company's stock, valued at approximately $941,214. The trade was a 50.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 191,507 shares of company stock worth $42,694,080 over the last 90 days. Company insiders own 0.06% of the company's stock.

Apple Trading Up 0.6%

AAPL traded up $1.17 on Tuesday, hitting $202.87. The company had a trading volume of 7,999,213 shares, compared to its average volume of 55,960,201. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $260.10. 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 business's fifty day simple moving average is $202.70 and its 200 day simple moving average is $224.84. The company has a market cap of $3.03 trillion, a PE ratio of 32.20, a PEG ratio of 2.44 and a beta of 1.27.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.03. The firm had revenue of $95.36 billion for the quarter, compared to the consensus estimate of $94.04 billion. Apple had a return on equity of 160.83% and a net margin of 24.30%. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.53 EPS. Equities research analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.51%. This is an increase from Apple's previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 12th. Apple's dividend payout ratio is presently 16.20%.

Apple announced that its Board of Directors has approved a stock repurchase plan on Thursday, May 1st that allows the company to buyback $100.00 billion in shares. This buyback authorization allows the iPhone maker to buy up to 3.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

AAPL has been the topic of a number of recent research reports. Evercore ISI increased their target price on Apple from $260.00 to $275.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. KeyCorp upgraded shares of Apple from an "underweight" rating to a "sector weight" rating in a research note on Monday, April 14th. Morgan Stanley reissued an "overweight" rating on shares of Apple in a report on Monday, May 12th. UBS Group reiterated a "buy" rating on shares of Apple in a research report on Sunday. Finally, Maxim Group lifted their price target on shares of Apple to $215.00 and gave the stock a "hold" rating in a research note on Friday, February 21st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $235.80.

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.