Apple Inc. (NASDAQ:AAPL) Position Increased by Caldwell Sutter Capital Inc.

Caldwell Sutter Capital Inc. boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% during the fourth quarter, Holdings Channel reports. The firm owned 57,113 shares of the iPhone maker’s stock after buying an additional 419 shares during the quarter. Apple comprises approximately 5.6% of Caldwell Sutter Capital Inc.’s holdings, making the stock its biggest position. Caldwell Sutter Capital Inc.’s holdings in Apple were worth $10,996,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AAPL. Moneta Group Investment Advisors LLC boosted its position in Apple by 116,483.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock worth $74,002,245,000 after purchasing an additional 569,066,184 shares in the last quarter. Norges Bank purchased a new stake in shares of Apple in the fourth quarter valued at $21,746,940,000. Morgan Stanley lifted its position 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 acquiring an additional 25,926,552 shares in the last quarter. Barclays PLC lifted its position 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 acquiring an additional 17,604,799 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position 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 acquiring an additional 14,157,430 shares in the last quarter. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Apple

In related news, CFO Luca Maestri sold 53,194 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The stock was 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 directly owns 107,788 shares in the company, valued at approximately $18,768,046.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Luca Maestri sold 53,194 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The stock was 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 directly owns 107,788 shares in the company, valued at approximately $18,768,046.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the sale, the senior vice president now owns 136,572 shares in the company, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders have sold a total of 366,271 shares of company stock worth $63,653,887 in the last three months. 0.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AAPL shares. Bank of America upgraded Apple from a “neutral” rating to a “buy” rating and upped their price objective for the company from $208.00 to $225.00 in a research report on Thursday, January 18th. Citigroup reiterated a “buy” rating and issued a $225.00 target price on shares of Apple in a research note on Friday, February 16th. The Goldman Sachs Group upped their price target on Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. dropped their price target 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, UBS Group restated a “hold” rating and set a $190.00 price target on shares of Apple in a research note on Monday, March 25th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus target price of $203.34.

Apple Trading Down 0.6 %

NASDAQ:AAPL opened at $167.04 on Friday. The company has a market cap of $2.58 trillion, a PE ratio of 26.02, a P/E/G ratio of 2.04 and a beta of 1.27. Apple Inc. has a 52 week low of $162.80 and a 52 week 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 business’s 50 day moving average is $175.15 and its two-hundred day moving average is $182.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 156.04% and a net margin of 26.16%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.88 EPS. On average, analysts predict that Apple Inc. will post 6.54 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio is currently 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.