American Institute for Advanced Investment Management LLP Sells 172 Shares of Apple Inc. (NASDAQ:AAPL)

American Institute for Advanced Investment Management LLP trimmed its position in Apple Inc. (NASDAQ:AAPL) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 27,479 shares of the iPhone maker’s stock after selling 172 shares during the period. Apple makes up approximately 4.7% of American Institute for Advanced Investment Management LLP’s investment portfolio, making the stock its 4th biggest holding. American Institute for Advanced Investment Management LLP’s holdings in Apple were worth $5,291,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AAPL. Kingdom Financial Group LLC. increased its stake in Apple by 5.5% during the 3rd quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock worth $1,963,000 after purchasing an additional 598 shares in the last quarter. RFG Advisory LLC grew its stake in shares of Apple by 13.6% during the 3rd quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock worth $29,589,000 after acquiring an additional 20,737 shares in the last quarter. Headinvest LLC grew its stake in shares of Apple by 1.7% during the 3rd quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock worth $9,236,000 after acquiring an additional 872 shares in the last quarter. Tsfg LLC grew its stake in shares of Apple by 2.2% during the 3rd quarter. Tsfg LLC now owns 50,943 shares of the iPhone maker’s stock worth $8,722,000 after acquiring an additional 1,091 shares in the last quarter. Finally, Sound Income Strategies LLC grew its stake in shares of Apple by 16.1% during the 4th quarter. Sound Income Strategies LLC now owns 75,110 shares of the iPhone maker’s stock worth $14,461,000 after acquiring an additional 10,425 shares in the last quarter. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Down 2.2 %

AAPL opened at $172.69 on Tuesday. Apple Inc. has a fifty-two week low of $162.80 and a fifty-two week high of $199.62. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The company has a market capitalization of $2.67 trillion, a P/E ratio of 26.90, a P/E/G ratio of 2.13 and a beta of 1.27. The stock has a fifty day moving average of $176.40 and a 200-day moving average of $182.32.

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

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Analyst Ratings Changes

AAPL has been the subject of several research reports. The Goldman Sachs Group raised their price target on shares of Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Piper Sandler Companies cut shares of Apple to a “neutral” rating and decreased their price target for the stock from $220.00 to $205.00 in a research note on Thursday, January 4th. Monness Crespi & Hardt raised their price target on shares of Apple from $189.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Citigroup reissued a “buy” rating and issued a $225.00 target price on shares of Apple in a research note on Friday, February 16th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Apple from $215.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $204.08.

Insider Activity at Apple

In related news, COO Jeffrey E. Williams sold 59,162 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $172.22, for a total value of $10,188,879.64. Following the completion of the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $84,378,155.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the transaction, the director now owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 59,162 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $172.22, for a total value of $10,188,879.64. Following the transaction, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at approximately $84,378,155.68. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock valued at $63,653,887 over the last quarter. 0.06% of the stock is owned by corporate insiders.

Apple Company Profile

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.