Coastline Trust Co trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.6% in the 2nd quarter, Holdings Channel reports. The firm owned 46,734 shares of the iPhone maker’s stock after selling 1,255 shares during the quarter. Apple accounts for 1.3% of Coastline Trust Co’s holdings, making the stock its 6th biggest holding. Coastline Trust Co’s holdings in Apple were worth $8,651,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Delphi Private Advisors LLC purchased a new position in shares of Apple during the second quarter valued at $120,000. Quattro Financial Advisors LLC purchased a new position in shares of Apple during the first quarter valued at $133,000. CX Institutional purchased a new position in shares of Apple during the second quarter valued at $135,000. Spectrum Financial Alliance Ltd LLC purchased a new position in shares of Apple during the first quarter valued at $138,000. Finally, Macroview Investment Management LLC increased its stake in shares of Apple by 220.3% during the first quarter. Macroview Investment Management LLC now owns 900 shares of the iPhone maker’s stock valued at $151,000 after buying an additional 619 shares during the period. Institutional investors and hedge funds own 58.44% of the company’s stock.

Shares of AAPL stock opened at $204.47 on Friday. Apple Inc. has a fifty-two week low of $150.24 and a fifty-two week high of $233.47. The stock has a market cap of $1,031.93 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.51 and a beta of 1.26. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.09 and a current ratio of 1.12.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.13. Apple had a return on equity of 48.68% and a net margin of 22.41%. The business had revenue of $62.90 billion for the quarter, compared to analyst estimates of $61.55 billion. During the same quarter in the previous year, the firm earned $2.07 earnings per share. The company’s revenue was up 19.6% on a year-over-year basis. Sell-side analysts predict that Apple Inc. will post 13.35 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Monday, November 12th will be paid a dividend of $0.73 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.43%. Apple’s payout ratio is 24.52%.

In other news, SVP Angela J. Ahrendts sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $232.66, for a total transaction of $5,816,500.00. Following the sale, the senior vice president now owns 105,538 shares in the company, valued at $24,554,471.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 265,160 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $217.79, for a total value of $57,749,196.40. The disclosure for this sale can be found here. Insiders have sold 480,737 shares of company stock worth $107,157,170 in the last 90 days. Insiders own 0.08% of the company’s stock.

AAPL has been the topic of several research reports. Tigress Financial restated a “buy” rating on shares of Apple in a research note on Thursday, August 30th. Robert W. Baird set a $230.00 price target on Apple and gave the company a “buy” rating in a research note on Tuesday, September 4th. New Street Research restated a “sell” rating on shares of Apple in a research note on Tuesday, September 18th. Needham & Company LLC raised their price target on Apple from $220.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, September 13th. Finally, Citigroup cut their price target on Apple from $265.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and twenty-eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $224.27.

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About Apple

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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