Boston Trust Walden Corp Reduces Position in Apple Inc. (NASDAQ:AAPL)

Boston Trust Walden Corp decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 0.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,199,662 shares of the iPhone maker’s stock after selling 11,056 shares during the quarter. Apple accounts for approximately 3.2% of Boston Trust Walden Corp’s investment portfolio, making the stock its 2nd biggest holding. Boston Trust Walden Corp’s holdings in Apple were worth $423,501,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AAPL. Caliber Wealth Management LLC lifted its position in Apple by 4.3% in the 3rd quarter. Caliber Wealth Management LLC now owns 16,457 shares of the iPhone maker’s stock valued at $2,818,000 after acquiring an additional 680 shares in the last quarter. BCS Wealth Management bought a new position in shares of Apple during the 3rd quarter worth approximately $5,234,000. WPWealth LLP lifted its position in shares of Apple by 0.3% during the 3rd quarter. WPWealth LLP now owns 25,641 shares of the iPhone maker’s stock worth $4,390,000 after buying an additional 77 shares in the last quarter. Northwest Investment Counselors LLC raised its holdings in shares of Apple by 0.7% in the 3rd quarter. Northwest Investment Counselors LLC now owns 63,937 shares of the iPhone maker’s stock worth $10,947,000 after purchasing an additional 419 shares during the period. Finally, Granite Bay Wealth Management LLC bought a new stake in shares of Apple in the 3rd quarter worth approximately $461,021,000. Institutional investors own 60.41% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Loop Capital lowered their price target on shares of Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a report on Monday, April 1st. Morgan Stanley lowered their price target on shares of Apple from $220.00 to $210.00 and set an “overweight” rating on the stock in a report on Monday, April 22nd. Piper Sandler Companies cut shares of Apple to a “neutral” rating and lowered their price target for the stock from $220.00 to $205.00 in a report on Thursday, January 4th. Robert W. Baird lifted their price target on shares of Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Apple from $215.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $203.05.

Apple Stock Performance

Apple stock opened at $169.30 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $2.61 trillion, a PE ratio of 26.37, a P/E/G ratio of 2.05 and a beta of 1.27. The firm has a fifty day simple moving average of $173.04 and a two-hundred day simple moving average of $181.81. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $199.62.

Apple (NASDAQ:AAPL) last posted 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 business had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.88 earnings per share. Research analysts expect that Apple Inc. will post 6.54 EPS for the current year.

Apple Announces Dividend

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

Insiders Place Their Bets

In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the business’s stock in a transaction on 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Luca Maestri sold 53,194 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the completion of the transaction, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at $18,768,046.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction of $16,864,085.49. Following the transaction, 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 366,271 shares of company stock valued at $63,653,887 over the last three months. Insiders own 0.06% of the company’s stock.

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.