Von Berge Wealth Management Group LLC Sells 725 Shares of Apple Inc. (NASDAQ:AAPL)

Von Berge Wealth Management Group LLC trimmed its position in Apple Inc. (NASDAQ:AAPL) by 4.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,774 shares of the iPhone maker’s stock after selling 725 shares during the period. Apple makes up approximately 2.2% of Von Berge Wealth Management Group LLC’s portfolio, making the stock its 14th biggest position. Von Berge Wealth Management Group LLC’s holdings in Apple were worth $2,933,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AAPL. IFM Investors Pty Ltd increased its position in Apple by 20.0% in the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after buying an additional 435,891 shares in the last quarter. Ironwood Wealth Management LLC. raised its stake in shares of Apple by 0.4% in the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock worth $42,016,000 after purchasing an additional 1,040 shares during the last quarter. Markel Corp raised its stake in shares of Apple by 0.7% in the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after purchasing an additional 8,450 shares during the last quarter. Camden Capital LLC raised its stake in shares of Apple by 9.2% in the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock worth $27,305,000 after purchasing an additional 13,200 shares during the last quarter. Finally, Harbor Island Capital LLC raised its stake in shares of Apple by 0.3% in the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock worth $23,629,000 after purchasing an additional 400 shares during the last quarter. 60.41% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Apple news, CFO Luca Maestri sold 53,194 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the sale, the chief financial officer now owns 107,788 shares in the company, valued at $18,768,046.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 3,377,407 shares in the company, valued at $574,260,512.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Luca Maestri sold 53,194 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $174.12, for a total value of $9,262,139.28. Following the sale, the chief financial officer now owns 107,788 shares in the company, valued at approximately $18,768,046.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 366,271 shares of company stock worth $63,653,887. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on AAPL. Barclays lowered 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. Oppenheimer reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Apple in a report on Friday, February 2nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $220.00 target price on shares of Apple in a report on Friday, March 22nd. Citigroup reaffirmed a “buy” rating and issued a $225.00 target price on shares of Apple in a report on Friday, February 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 target price on shares of Apple in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $203.34.

Apple Trading Down 0.8 %

Shares of AAPL stock opened at $168.00 on Thursday. 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 52-week low of $162.80 and a 52-week high of $199.62. The company has a market capitalization of $2.59 trillion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 2.08 and a beta of 1.27. The business’s fifty day moving average is $175.57 and its 200 day moving average is $182.21.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The company had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. During the same quarter last year, the business posted $1.88 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that Apple Inc. will post 6.54 EPS for the current fiscal 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 given a $0.24 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.57%. Apple’s dividend payout ratio (DPR) is presently 14.95%.

About Apple

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.