Apple Inc. (NASDAQ:AAPL) is PFG Advisors’ Largest Position

PFG Advisors cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 181,175 shares of the iPhone maker’s stock after selling 216 shares during the quarter. Apple comprises approximately 2.8% of PFG Advisors’ investment portfolio, making the stock its biggest position. PFG Advisors’ holdings in Apple were worth $34,882,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Columbus Macro LLC boosted its holdings in Apple by 0.5% during the 4th quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock valued at $2,120,000 after acquiring an additional 59 shares during the period. Worth Financial Advisory Group LLC boosted its holdings in Apple by 0.5% during the 4th quarter. Worth Financial Advisory Group LLC now owns 24,946 shares of the iPhone maker’s stock valued at $4,803,000 after acquiring an additional 113 shares during the period. Hengehold Capital Management LLC boosted its holdings in Apple by 1.2% during the 4th quarter. Hengehold Capital Management LLC now owns 24,966 shares of the iPhone maker’s stock valued at $4,807,000 after acquiring an additional 307 shares during the period. Courage Miller Partners LLC boosted its holdings in Apple by 3.2% during the 4th quarter. Courage Miller Partners LLC now owns 11,956 shares of the iPhone maker’s stock valued at $2,204,000 after acquiring an additional 369 shares during the period. Finally, Nova R Wealth Inc. boosted its holdings in Apple by 1.7% during the 4th quarter. Nova R Wealth Inc. now owns 33,894 shares of the iPhone maker’s stock valued at $6,526,000 after acquiring an additional 554 shares during the period. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Apple Trading Down 0.8 %

NASDAQ:AAPL opened at $168.00 on Thursday. The firm has a market cap of $2.59 trillion, a P/E ratio of 26.17, a PEG ratio of 2.08 and a beta of 1.27. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. The stock’s 50 day simple moving average is $175.57 and its 200-day simple moving average is $182.21. Apple Inc. has a 12-month low of $162.80 and a 12-month high of $199.62.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) 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 analyst estimates of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.88 earnings per share. Equities analysts anticipate that Apple Inc. will post 6.54 EPS for the current year.

Apple Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently commented on AAPL. Maxim Group began coverage on Apple in a report on Wednesday. They set a “hold” rating and a $178.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $220.00 target price on shares of Apple in a report on Tuesday. Barclays decreased their price objective on Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a research note on Friday, February 2nd. JPMorgan Chase & Co. decreased their price objective on Apple from $215.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, April 11th. Finally, Robert W. Baird lifted their price objective on Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, thirteen 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 presently has an average rating of “Moderate Buy” and a consensus price target of $203.34.

Insider Buying and Selling

In related news, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the transaction, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the sale, the senior vice president now owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the sale, the chief executive officer now directly owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. Insiders have sold 366,271 shares of company stock valued at $63,653,887 over the last quarter. Company insiders own 0.06% of the company’s stock.

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.