Apple Inc. (NASDAQ:AAPL) Stock Holdings Lessened by Financial Advisory Partners LLC

Financial Advisory Partners LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,927 shares of the iPhone maker’s stock after selling 1,148 shares during the quarter. Apple comprises about 2.0% of Financial Advisory Partners LLC’s holdings, making the stock its 9th largest position. Financial Advisory Partners LLC’s holdings in Apple were worth $5,569,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wyrmwood Management LLC grew its holdings in shares of Apple by 69.0% during the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after buying an additional 69 shares during the last quarter. Atlantic Private Wealth LLC purchased a new stake in Apple in the 1st quarter valued at approximately $30,000. Cheyne Capital Management UK LLP boosted its holdings in Apple by 200.0% in the 3rd quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock valued at $212,000 after purchasing an additional 550 shares in the last quarter. West Tower Group LLC purchased a new stake in Apple in the 2nd quarter valued at approximately $64,000. Finally, HBC Financial Services PLLC boosted its holdings in Apple by 21.7% in the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Activity

In other news, Director Arthur D. Levinson sold 100,000 shares of the business’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 completion of the sale, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AAPL shares. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $189.00 price objective on shares of Apple in a report on Tuesday, March 5th. The Goldman Sachs Group lifted their price objective on Apple from $223.00 to $232.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Apple in a report on Friday, February 2nd. Morgan Stanley reiterated an “overweight” rating and set a $220.00 price target on shares of Apple in a research report on Friday, March 22nd. Finally, Wedbush reiterated an “outperform” rating and set a $250.00 price target on shares of Apple in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $204.23.

Read Our Latest Research Report on Apple

Apple Stock Down 0.7 %

AAPL stock opened at $168.84 on Wednesday. The stock has a market capitalization of $2.61 trillion, a P/E ratio of 26.30, a PEG ratio of 2.07 and a beta of 1.27. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a one year low of $159.78 and a one year high of $199.62. The company has a 50 day moving average price of $180.27 and a two-hundred day moving average price of $182.59.

Apple (NASDAQ:AAPLGet Free Report) last released its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping the consensus estimate of $2.09 by $0.09. The firm had revenue of $119.60 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned $1.88 EPS. As a group, sell-side analysts expect that Apple Inc. will post 6.55 EPS for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.57%. Apple’s dividend payout ratio is presently 14.95%.

Apple Company 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.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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