Whittier Trust Co. of Nevada Inc. Reduces Holdings in Apple Inc. (AAPL)
Whittier Trust Co. of Nevada Inc. trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 252,071 shares of the iPhone maker’s stock after selling 2,819 shares during the period. Apple accounts for 3.4% of Whittier Trust Co. of Nevada Inc.’s portfolio, making the stock its biggest position. Whittier Trust Co. of Nevada Inc.’s holdings in Apple were worth $46,660,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of AAPL. Delphi Private Advisors LLC acquired a new stake in shares of Apple during the second quarter worth $120,000. Quattro Financial Advisors LLC bought a new position in shares of Apple during the first quarter worth about $133,000. CX Institutional bought a new position in shares of Apple during the second quarter worth about $135,000. Spectrum Financial Alliance Ltd LLC bought a new position in shares of Apple during the first quarter worth about $138,000. Finally, Macroview Investment Management LLC grew its position in shares of Apple by 220.3% during the first quarter. Macroview Investment Management LLC now owns 900 shares of the iPhone maker’s stock worth $151,000 after acquiring an additional 619 shares during the last quarter. 58.44% of the stock is currently owned by institutional investors.
In other news, SVP Angela J. Ahrendts sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $232.66, for a total transaction of $5,816,500.00. Following the completion of the transaction, the senior vice president now owns 105,538 shares in the company, valued at approximately $24,554,471.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Johny Srouji sold 14,140 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $214.98, for a total transaction of $3,039,817.20. Following the transaction, the insider now owns 68,302 shares of the company’s stock, valued at approximately $14,683,563.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 480,737 shares of company stock valued at $107,157,170. Insiders own 0.08% of the company’s stock.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.78 by $0.13. Apple had a net margin of 22.41% and a return on equity of 48.68%. The company had revenue of $62.90 billion during the quarter, compared to analyst estimates of $61.55 billion. During the same quarter last year, the firm posted $2.07 EPS. The business’s revenue for the quarter was up 19.6% on a year-over-year basis. Equities research analysts expect that Apple Inc. will post 13.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Monday, November 12th will be given a dividend of $0.73 per share. The ex-dividend date is Thursday, November 8th. This represents a $2.92 annualized dividend and a dividend yield of 1.43%. Apple’s dividend payout ratio (DPR) is 24.52%.
AAPL has been the subject of several recent research reports. New Street Research lowered shares of Apple from a “neutral” rating to a “sell” rating in a research report on Monday, August 20th. Bank of America upped their price target on shares of Apple from $250.00 to $256.00 and gave the stock a “buy” rating in a research report on Monday, September 10th. Morgan Stanley upped their price target on shares of Apple from $245.00 to $247.00 and gave the stock an “overweight” rating in a research report on Thursday, September 13th. Macquarie set a $214.00 price target on shares of Apple and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Finally, Oppenheimer restated a “neutral” rating on shares of Apple in a research report on Monday, October 1st. Three investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $224.27.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
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