Apple Inc. $AAPL Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,755,454 shares of the iPhone maker’s stock after selling 49,142 shares during the quarter. Apple comprises about 2.6% of Boston Trust Walden Corp’s portfolio, making the stock its 2nd biggest position. Boston Trust Walden Corp’s holdings in Apple were worth $360,166,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in AAPL. Ryan Investment Management Inc. bought a new stake in shares of Apple in the 2nd quarter valued at $31,000. ROSS JOHNSON & Associates LLC grew its holdings in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares during the period. Elite Financial Inc. acquired a new stake in Apple in the first quarter worth $58,000. LSV Asset Management bought a new stake in Apple in the fourth quarter valued at $65,000. Finally, HFM Investment Advisors LLC acquired a new position in shares of Apple during the first quarter valued at about $99,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AAPL shares. Citigroup reissued a “buy” rating and set a $315.00 price objective (up previously from $245.00) on shares of Apple in a research report on Friday, October 31st. Argus set a $325.00 price target on Apple and gave the stock a “buy” rating in a report on Friday, October 31st. Rosenblatt Securities raised their price objective on Apple from $241.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. UBS Group boosted their price objective on Apple from $220.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, Weiss Ratings raised Apple from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $278.22.

Insider Activity

In related news, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the transaction, the senior vice president directly owned 179,158 shares in the company, valued at approximately $46,005,982.82. The trade was a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevan Parekh sold 4,199 shares of the company’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the completion of the sale, the chief financial officer directly owned 8,765 shares of the company’s stock, valued at $2,168,373.35. The trade was a 32.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 224,300 shares of company stock valued at $57,586,933 over the last ninety days. Company insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of Apple stock opened at $275.25 on Wednesday. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $277.32. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The business has a 50 day moving average price of $253.91 and a 200-day moving average price of $225.75. The company has a market cap of $4.07 trillion, a PE ratio of 41.77, a price-to-earnings-growth ratio of 2.62 and a beta of 1.08.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.11. Apple had a return on equity of 170.91% and a net margin of 24.30%.The business had revenue of $102.47 billion during the quarter, compared to the consensus estimate of $101.65 billion. During the same quarter in the prior year, the company posted $1.64 earnings per share. Apple’s revenue was up 8.7% compared to the same quarter last year. Equities analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Stockholders of record on Monday, November 10th will be issued a $0.26 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s dividend payout ratio is currently 13.92%.

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.