Apple Inc. (NASDAQ:AAPL) Stock Position Increased by Coastline Trust Co

Coastline Trust Co grew its position in Apple Inc. (NASDAQ:AAPL) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 182,551 shares of the iPhone maker’s stock after purchasing an additional 3,361 shares during the period. Apple makes up 4.7% of Coastline Trust Co’s holdings, making the stock its 2nd largest position. Coastline Trust Co’s holdings in Apple were worth $35,147,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Morgan Stanley raised its stake in shares of Apple by 1.0% during the 3rd 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 during the period. Barclays PLC raised 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 acquiring an additional 2,826,709 shares during the period. California Public Employees Retirement System lifted its holdings in Apple by 4.6% during the third quarter. California Public Employees Retirement System now owns 38,579,495 shares of the iPhone maker’s stock valued at $6,605,195,000 after purchasing an additional 1,696,576 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Apple by 1.7% in the third quarter. Nordea Investment Management AB now owns 17,519,918 shares of the iPhone maker’s stock valued at $3,020,609,000 after purchasing an additional 287,329 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Apple by 7.5% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,616,794 shares of the iPhone maker’s stock valued at $2,502,541,000 after purchasing an additional 1,018,430 shares during the period. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Up 0.6 %

Shares of AAPL opened at $166.90 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The stock has a market capitalization of $2.58 trillion, a PE ratio of 26.00, a P/E/G ratio of 1.99 and a beta of 1.27. The company’s 50-day simple moving average is $173.88 and its 200-day simple moving average is $182.03. Apple Inc. has a 1 year low of $162.80 and a 1 year high of $199.62.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.09. The company had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. Apple’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.88 EPS. Analysts forecast that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were paid a $0.24 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.58%. Apple’s dividend payout ratio is currently 14.95%.

Insiders Place Their Bets

In other news, COO Jeffrey E. Williams sold 59,162 shares of Apple stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the completion of the sale, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at approximately $84,378,155.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, COO Jeffrey E. Williams sold 59,162 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $172.22, for a total value of $10,188,879.64. Following the completion of the sale, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at approximately $84,378,155.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the transaction, the senior vice president now directly owns 136,572 shares in the company, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders sold 366,271 shares of company stock worth $63,653,887 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AAPL shares. Maxim Group assumed coverage on shares of Apple in a research note on Wednesday, April 17th. They issued a “hold” rating and a $178.00 price target on the stock. Redburn Atlantic downgraded Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a research report on Wednesday, January 10th. Loop Capital dropped their target price on shares of Apple from $185.00 to $170.00 and set a “hold” rating for the company in a report on Monday, April 1st. Piper Sandler Companies downgraded shares of Apple to a “neutral” rating and decreased their price target for the stock from $220.00 to $205.00 in a research note on Thursday, January 4th. Finally, Wedbush restated an “outperform” rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, April 9th. One 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $203.05.

About Apple

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.