Apple Inc. (NASDAQ:AAPL) Shares Sold by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC decreased its stake in Apple Inc. (NASDAQ:AAPL) by 7.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,988 shares of the iPhone maker’s stock after selling 5,115 shares during the period. Apple makes up 3.5% of Murphy Pohlad Asset Management LLC’s portfolio, making the stock its 2nd largest holding. Murphy Pohlad Asset Management LLC’s holdings in Apple were worth $7,938,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Great West Life Assurance Co. Can boosted its stake in Apple by 284.4% during the third quarter. Great West Life Assurance Co. Can now owns 14,908,820 shares of the iPhone maker’s stock worth $1,724,390,000 after buying an additional 11,030,352 shares in the last quarter. OLD Mission Capital LLC acquired a new stake in Apple during the third quarter valued at approximately $1,238,000. Sei Investments Co. lifted its position in shares of Apple by 322.1% during the 3rd quarter. Sei Investments Co. now owns 5,010,963 shares of the iPhone maker’s stock worth $580,326,000 after buying an additional 3,823,810 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Apple in the 4th quarter valued at $2,123,000. Finally, Private Trust Co. NA lifted its holdings in shares of Apple by 3.2% during the fourth quarter. Private Trust Co. NA now owns 225,852 shares of the iPhone maker’s stock valued at $29,968,000 after acquiring an additional 7,109 shares during the period. Institutional investors and hedge funds own 57.77% of the company’s stock.

Shares of NASDAQ AAPL opened at $132.54 on Tuesday. Apple Inc. has a twelve month low of $71.58 and a twelve month high of $145.09. The stock has a market cap of $2.23 trillion, a price-to-earnings ratio of 40.66, a P/E/G ratio of 2.75 and a beta of 1.28. The company has a quick ratio of 1.33, a current ratio of 1.36 and a debt-to-equity ratio of 1.51. The company’s fifty day moving average is $127.85 and its 200-day moving average is $125.92.

Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, April 27th. The iPhone maker reported $1.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.41. Apple had a return on equity of 75.15% and a net margin of 20.91%. The firm had revenue of $89.58 billion for the quarter, compared to analyst estimates of $76.84 billion. During the same period in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 53.6% on a year-over-year basis. On average, research analysts anticipate that Apple Inc. will post 4.03 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 13th. Investors of record on Monday, May 10th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.66%. This is a positive change from Apple’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, May 7th. Apple’s dividend payout ratio (DPR) is presently 25.00%.

In other news, SVP Deirdre O’brien sold 18,216 shares of the company’s stock in a transaction dated Friday, April 16th. The stock was sold at an average price of $134.01, for a total transaction of $2,441,126.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey E. Williams sold 133,867 shares of the stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $125.74, for a total value of $16,832,436.58. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

A number of equities research analysts recently commented on AAPL shares. Jefferies Financial Group increased their price target on Apple from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, April 29th. Wells Fargo & Company increased their target price on Apple from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, January 28th. Monness Crespi & Hardt lifted their price target on Apple from $170.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, April 29th. Sanford C. Bernstein set a $132.00 price objective on shares of Apple and gave the stock a “neutral” rating in a report on Monday, March 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $170.00 price objective on shares of Apple in a research report on Wednesday, April 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Apple presently has an average rating of “Buy” and a consensus target price of $146.82.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.

Further Reading: What Is Dividend Yield and How Do You Calculate It?

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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