Apple Inc. (NASDAQ:AAPL) Shares Sold by Sara Bay Financial

Sara Bay Financial decreased its holdings in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,527 shares of the iPhone maker’s stock after selling 240 shares during the quarter. Apple makes up approximately 2.0% of Sara Bay Financial’s holdings, making the stock its 14th biggest holding. Sara Bay Financial’s holdings in Apple were worth $4,145,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its stake in shares of Apple by 116,483.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock valued at $74,002,245,000 after purchasing an additional 569,066,184 shares during the period. Norges Bank acquired a new stake in shares of Apple in the fourth quarter valued at approximately $21,746,940,000. Morgan Stanley increased its stake in shares of Apple by 14.2% in the fourth quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock valued at $27,110,586,000 after purchasing an additional 25,926,552 shares during the period. Barclays PLC increased its stake in shares of Apple by 60.0% in the second quarter. Barclays PLC now owns 46,932,352 shares of the iPhone maker’s stock valued at $9,103,464,000 after purchasing an additional 17,604,799 shares during the period. Finally, Osaic Holdings Inc. increased its stake in shares of Apple by 154.9% in the second quarter. Osaic Holdings Inc. now owns 23,295,770 shares of the iPhone maker’s stock valued at $1,729,270,000 after purchasing an additional 14,157,430 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Activity

In other news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is owned by insiders.

Apple Stock Down 0.8 %

AAPL stock opened at $170.03 on Tuesday. Apple Inc. has a 12-month low of $159.78 and a 12-month high of $199.62. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. The company has a market cap of $2.63 trillion, a price-to-earnings ratio of 26.48, a PEG ratio of 2.07 and a beta of 1.27. The company has a 50 day moving average of $180.75 and a two-hundred day moving average of $182.63.

Apple (NASDAQ:AAPLGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. The business had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. Apple’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.88 EPS. On average, equities analysts anticipate that Apple Inc. will post 6.55 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.56%. Apple’s dividend payout ratio is currently 14.95%.

Analysts Set New Price Targets

Several research firms have recently issued reports on AAPL. Barclays decreased their price objective on shares of Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a report on Friday, February 2nd. Loop Capital decreased their price objective on shares of Apple from $185.00 to $170.00 and set a “hold” rating for the company in a report on Monday. Robert W. Baird increased their price objective on shares of Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Morgan Stanley reiterated an “overweight” rating and issued a $220.00 price objective on shares of Apple in a report on Friday, March 22nd. Finally, Redburn Atlantic cut shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 price objective for the company. in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.23.

View Our Latest Research Report on Apple

Apple Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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