Apple Inc. (NASDAQ:AAPL) Shares Sold by Oakworth Capital Inc.

Oakworth Capital Inc. lowered its stake in Apple Inc. (NASDAQ:AAPL) by 2.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 221,206 shares of the iPhone maker’s stock after selling 6,441 shares during the period. Apple makes up approximately 3.4% of Oakworth Capital Inc.’s holdings, making the stock its 8th biggest position. Oakworth Capital Inc.’s holdings in Apple were worth $46,590,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AAPL. Christopher J. Hasenberg Inc acquired a new position in Apple in the 1st quarter valued at $35,000. Fidelis Capital Partners LLC boosted its holdings in Apple by 17.9% during the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after acquiring an additional 31,278 shares during the period. A.P. Gilfoyle & Co. L.P. acquired a new stake in shares of Apple in the fourth quarter valued at about $39,000. University of Texas Texas AM Investment Managment Co. increased its stake in shares of Apple by 657.1% in the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after purchasing an additional 368 shares during the period. Finally, Clarity Asset Management Inc. bought a new position in shares of Apple in the fourth quarter worth about $85,000. Institutional investors own 60.41% of the company’s stock.

Insider Activity

In other news, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the transaction, the insider now owns 15,419 shares of the company’s stock, valued at $3,469,275. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the sale, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the transaction, the insider now owns 15,419 shares in the company, valued at $3,469,275. The disclosure for this sale can be found here. In the last ninety days, insiders sold 113,884 shares of company stock valued at $23,723,887. Company insiders own 0.06% of the company’s stock.

Apple Stock Up 0.2 %

Shares of NASDAQ:AAPL opened at $216.79 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The firm has a market cap of $3.32 trillion, a P/E ratio of 33.72, a P/E/G ratio of 2.62 and a beta of 1.24. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.23. The company’s 50-day moving average price is $222.67 and its two-hundred day moving average price is $199.26.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating the consensus estimate of $1.34 by $0.06. The business had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. Apple’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 earnings per share. As a group, research analysts forecast that Apple Inc. will post 6.7 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were given a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. Apple’s payout ratio is 15.55%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AAPL shares. Maxim Group reaffirmed a “hold” rating and issued a $203.00 target price on shares of Apple in a report on Tuesday, September 10th. Wedbush restated an “outperform” rating and issued a $285.00 price objective on shares of Apple in a research note on Monday, September 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 target price on shares of Apple in a research report on Tuesday, September 10th. Barclays reduced their price target on shares of Apple from $187.00 to $186.00 and set an “underweight” rating for the company in a report on Friday, August 2nd. Finally, Evercore ISI restated an “outperform” rating and set a $250.00 price objective on shares of Apple in a report on Monday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $239.17.

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.