Apple Inc. (NASDAQ:AAPL) Shares Sold by Tufton Capital Management

Tufton Capital Management reduced its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,036 shares of the iPhone maker’s stock after selling 78 shares during the period. Apple comprises about 3.4% of Tufton Capital Management’s portfolio, making the stock its 4th biggest holding. Tufton Capital Management’s holdings in Apple were worth $22,025,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAPL. OLD Mission Capital LLC acquired a new stake in shares of Apple in the third quarter valued at about $1,238,000. Morgan Stanley raised its position in shares of Apple by 2.8% in the second quarter. Morgan Stanley now owns 125,859,709 shares of the iPhone maker’s stock valued at $17,237,745,000 after buying an additional 3,472,624 shares during the last quarter. Transform Wealth LLC raised its position in shares of Apple by 0.6% in the third quarter. Transform Wealth LLC now owns 226,052 shares of the iPhone maker’s stock valued at $31,986,000 after buying an additional 1,454 shares during the last quarter. JJJ Advisors Inc. increased its position in Apple by 17.3% during the third quarter. JJJ Advisors Inc. now owns 20,137 shares of the iPhone maker’s stock worth $2,849,000 after purchasing an additional 2,967 shares during the last quarter. Finally, Concorde Asset Management LLC increased its position in Apple by 2.2% during the third quarter. Concorde Asset Management LLC now owns 12,766 shares of the iPhone maker’s stock worth $1,805,000 after purchasing an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 57.98% of the company’s stock.

In related news, COO Jeffrey E. Williams sold 105,901 shares of the business’s stock in a transaction dated Monday, April 4th. The shares were sold at an average price of $177.75, for a total value of $18,823,902.75. Following the sale, the chief operating officer now directly owns 489,662 shares in the company, valued at approximately $87,037,420.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Arthur D. Levinson sold 1,986 shares of the business’s stock in a transaction dated Tuesday, February 1st. The stock was sold at an average price of $173.29, for a total transaction of $344,153.94. The disclosure for this sale can be found here. Insiders sold a total of 162,085 shares of company stock worth $28,728,085 over the last quarter. Insiders own 0.06% of the company’s stock.

Several equities research analysts recently issued reports on AAPL shares. Zacks Investment Research restated a “buy” rating on shares of Apple in a research report on Wednesday, March 2nd. Robert W. Baird raised their price objective on shares of Apple from $185.00 to $190.00 in a research report on Friday, January 28th. Monness Crespi & Hardt increased their target price on shares of Apple from $184.00 to $199.00 and gave the stock a “buy” rating in a research note on Friday, January 28th. JPMorgan Chase & Co. set a $210.00 target price on shares of Apple in a research note on Thursday. Finally, Sanford C. Bernstein reaffirmed a “hold” rating and set a $170.00 target price on shares of Apple in a research note on Wednesday, January 19th. Seven equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple currently has a consensus rating of “Buy” and an average price target of $190.43.

Shares of NASDAQ AAPL opened at $170.09 on Monday. The firm has a market capitalization of $2.78 trillion, a P/E ratio of 28.16, a PEG ratio of 2.21 and a beta of 1.19. Apple Inc. has a one year low of $122.25 and a one year high of $182.94. The company’s fifty day moving average is $168.04 and its two-hundred day moving average is $162.98. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.00 and a current ratio of 1.04.

Apple (NASDAQ:AAPLGet Rating) last issued its earnings results on Thursday, January 27th. The iPhone maker reported $2.10 EPS for the quarter, topping the consensus estimate of $1.89 by $0.21. The company had revenue of $123.95 billion for the quarter, compared to analyst estimates of $118.53 billion. Apple had a net margin of 26.58% and a return on equity of 149.81%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.68 EPS. On average, sell-side analysts forecast that Apple Inc. will post 6.16 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 10th. Investors of record on Monday, February 7th were given a $0.22 dividend. The ex-dividend date was Friday, February 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.52%. Apple’s dividend payout ratio is presently 14.57%.

About Apple (Get Rating)

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

Read More

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.