Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $290.61 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its position in Apple Inc. (NASDAQ:AAPL) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,575,960 shares of the iPhone maker’s stock after selling 57,452 shares during the quarter. Apple accounts for approximately 2.9% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings, making the stock its 11th largest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Apple were worth $290,607,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AAPL. Wyrmwood Management LLC increased its position in shares of Apple by 69.0% in the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after acquiring an additional 69 shares during the last quarter. Gilfoyle & Co LLC boosted its holdings in shares of Apple by 118.0% in the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after buying an additional 118 shares during the last quarter. PayPay Securities Corp grew its stake in shares of Apple by 70.2% in the third quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock valued at $87,000 after buying an additional 210 shares in the last quarter. Friedenthal Financial bought a new position in Apple during the fourth quarter worth about $111,000. Finally, Cordant Inc. boosted its position in Apple by 27.7% during the third quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock worth $110,000 after purchasing an additional 140 shares during the period. 60.41% of the stock is currently owned by institutional investors.

Insider Transactions at Apple

In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the sale, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the transaction, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the transaction, the senior vice president now directly owns 136,572 shares in the company, valued at approximately $23,068,376.52. The disclosure for this sale can be found here. Insiders have sold 366,271 shares of company stock valued at $63,653,887 over the last ninety days. 0.06% of the stock is owned by company insiders.

Apple Stock Up 0.2 %

Shares of NASDAQ AAPL opened at $182.74 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.24. The firm has a market cap of $2.82 trillion, a PE ratio of 28.42, a P/E/G ratio of 2.21 and a beta of 1.26. The company’s fifty day simple moving average is $172.17 and its 200 day simple moving average is $181.78. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $199.62.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. Apple had a net margin of 26.31% and a return on equity of 148.33%. The company had revenue of $90.75 billion for the quarter, compared to analysts’ expectations of $90.37 billion. During the same quarter in the prior year, the firm earned $1.52 EPS. The business’s revenue was down 4.3% on a year-over-year basis. As a group, sell-side analysts forecast that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple declared that its board has initiated a share buyback program on Thursday, May 2nd that permits the company to buyback $110.00 billion in outstanding shares. This buyback authorization permits the iPhone maker to repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.25 per share. This is an increase from Apple’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, May 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. Apple’s payout ratio is currently 15.55%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AAPL. The Goldman Sachs Group increased their target price on Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Oppenheimer reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Apple in a research report on Friday, February 2nd. Sanford C. Bernstein upgraded shares of Apple from a “market perform” rating to an “outperform” rating and set a $195.00 target price for the company in a research report on Monday, April 29th. Maxim Group began coverage on shares of Apple in a research report on Wednesday, April 17th. They set a “hold” rating and a $178.00 price target on the stock. Finally, Wedbush restated an “outperform” rating and set a $250.00 target price on shares of Apple in a research note on Friday, May 3rd. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average target price of $204.11.

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.