Apple Inc. (NASDAQ:AAPL) is Boston Trust Walden Corp’s 2nd Largest Position

Boston Trust Walden Corp lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 6.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,989,960 shares of the iPhone maker’s stock after selling 135,965 shares during the period. Apple makes up approximately 3.1% of Boston Trust Walden Corp’s holdings, making the stock its 2nd largest holding. Boston Trust Walden Corp’s holdings in Apple were worth $419,125,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AAPL. Yeomans Consulting Group Inc. bought a new position in Apple in the 4th quarter valued at $1,713,000. Raleigh Capital Management Inc. raised its holdings in shares of Apple by 11.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 15,511 shares of the iPhone maker’s stock valued at $2,986,000 after acquiring an additional 1,643 shares in the last quarter. GLOBALT Investments LLC GA purchased a new stake in Apple in the fourth quarter worth about $38,406,000. Barden Capital Management Inc. grew its holdings in Apple by 132.8% during the 4th quarter. Barden Capital Management Inc. now owns 32,636 shares of the iPhone maker’s stock worth $6,283,000 after acquiring an additional 18,615 shares in the last quarter. Finally, Sunpointe LLC purchased a new position in Apple during the 4th quarter valued at about $4,782,000. 60.41% of the stock is currently owned by institutional investors.

Apple Stock Up 0.2 %

AAPL stock opened at $216.79 on Wednesday. Apple Inc. has a one year low of $164.07 and a one year high of $237.23. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. The firm’s fifty day moving average is $222.67 and its 200 day moving average is $199.26. The firm has a market cap of $3.32 trillion, a PE ratio of 33.72, a P/E/G ratio of 2.62 and a beta of 1.24.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. The company had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. Apple’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.26 earnings per share. On average, research analysts forecast that Apple Inc. will post 6.7 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Insider Activity at Apple

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AAPL. DA Davidson upgraded shares of Apple from a “neutral” rating to a “buy” rating and increased their price objective for the company from $200.00 to $230.00 in a research note on Tuesday, June 11th. Citigroup reaffirmed a “buy” rating and set a $255.00 target price on shares of Apple in a research report on Tuesday, August 27th. Barclays dropped their price objective on Apple from $187.00 to $186.00 and set an “underweight” rating on the stock in a research report on Friday, August 2nd. Oppenheimer reissued an “outperform” rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, September 10th. Finally, KeyCorp reissued a “hold” rating and issued a $247.61 price objective on shares of Apple in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $239.17.

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.