WoodTrust Financial Corp Sells 1,833 Shares of Apple Inc. (NASDAQ:AAPL)

WoodTrust Financial Corp cut its position in Apple Inc. (NASDAQ:AAPL) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,510 shares of the iPhone maker’s stock after selling 1,833 shares during the period. Apple accounts for 3.4% of WoodTrust Financial Corp’s holdings, making the stock its 8th largest position. WoodTrust Financial Corp’s holdings in Apple were worth $19,736,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Apple during the fourth quarter worth approximately $560,388,000. Hudson Bay Capital Management LP purchased a new position in Apple during the third quarter worth approximately $487,435,000. Barclays PLC lifted its position in Apple by 6.0% during the third quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock worth $8,519,244,000 after buying an additional 2,826,709 shares in the last quarter. Granite Bay Wealth Management LLC purchased a new position in Apple during the third quarter worth approximately $461,021,000. Finally, Morgan Stanley lifted its position in Apple by 1.0% during the third quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock worth $35,394,751,000 after buying an additional 2,018,010 shares in the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on AAPL shares. Rosenblatt Securities reiterated a “neutral” rating and set a $189.00 price objective on shares of Apple in a research report on Tuesday, March 5th. Piper Sandler reduced their target price on Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. Redburn Partners downgraded Apple to a “neutral” rating and set a $200.00 target price on the stock. in a research report on Wednesday, January 10th. Oppenheimer restated an “outperform” rating and issued a $200.00 target price on shares of Apple in a research report on Friday, February 2nd. Finally, UBS Group restated a “hold” rating and issued a $190.00 target price on shares of Apple in a research report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $203.05.

Apple Trading Up 1.3 %

NASDAQ:AAPL opened at $169.02 on Thursday. The stock has a 50-day simple moving average of $173.58 and a 200-day simple moving average of $181.94. The stock has a market cap of $2.61 trillion, a P/E ratio of 26.33, a P/E/G ratio of 2.00 and a beta of 1.27. Apple Inc. has a 1 year low of $162.80 and a 1 year high of $199.62. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.09. The business had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.88 EPS. As a group, analysts anticipate that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were given a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.57%. Apple’s dividend payout ratio is currently 14.95%.

Insider Activity at Apple

In related news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the sale, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock valued at $63,653,887 in the last three months. 0.06% of the stock is currently owned by company insiders.

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.