Apple Inc. (NASDAQ:AAPL) is Bridge Creek Capital Management LLC’s Largest Position

Bridge Creek Capital Management LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.4% in the 4th quarter, Holdings Channel reports. The firm owned 63,000 shares of the iPhone maker’s stock after selling 2,235 shares during the period. Apple accounts for approximately 4.2% of Bridge Creek Capital Management LLC’s portfolio, making the stock its largest position. Bridge Creek Capital Management LLC’s holdings in Apple were worth $12,129,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AAPL. Moneta Group Investment Advisors LLC grew its holdings in Apple by 116,483.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock valued at $74,002,245,000 after buying an additional 569,066,184 shares in the last quarter. Norges Bank acquired a new position in shares of Apple in the 4th quarter valued at $21,746,940,000. Morgan Stanley lifted its stake in shares of Apple by 14.2% in the 4th quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock valued at $27,110,586,000 after purchasing an additional 25,926,552 shares during the last quarter. Barclays PLC lifted its stake in shares of Apple by 60.0% in the 2nd quarter. Barclays PLC now owns 46,932,352 shares of the iPhone maker’s stock valued at $9,103,464,000 after purchasing an additional 17,604,799 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of Apple by 154.9% in the 2nd quarter. Osaic Holdings Inc. now owns 23,295,770 shares of the iPhone maker’s stock valued at $1,729,270,000 after purchasing an additional 14,157,430 shares during the last quarter. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO Jeffrey E. Williams sold 59,162 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the transaction, the chief operating officer now owns 489,944 shares in the company, valued at approximately $84,378,155.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Apple news, CFO Luca Maestri sold 53,194 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 59,162 shares of the stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at $84,378,155.68. The disclosure for this sale can be found here. Insiders have sold 366,271 shares of company stock worth $63,653,887 in the last quarter. 0.06% of the stock is owned by insiders.

Apple Trading Down 1.2 %

NASDAQ:AAPL opened at $165.00 on Friday. The stock’s 50 day moving average price is $174.67 and its 200 day moving average price is $182.11. The company has a market capitalization of $2.55 trillion, a PE ratio of 25.70, a P/E/G ratio of 2.02 and a beta of 1.27. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. Apple Inc. has a 52-week low of $162.80 and a 52-week high of $199.62.

Apple (NASDAQ:AAPL) last released its quarterly earnings results 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. The firm 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 firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.88 EPS. On average, research analysts anticipate that Apple Inc. will post 6.54 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.58%. Apple’s dividend payout ratio is presently 14.95%.

Analyst Ratings Changes

Several brokerages have recently commented on AAPL. Redburn Partners lowered Apple to a “neutral” rating and set a $200.00 price target on the stock. in a research note on Wednesday, January 10th. Citigroup reaffirmed a “buy” rating and issued a $225.00 price target on shares of Apple in a research note on Friday, February 16th. Wedbush reaffirmed an “outperform” rating and issued a $250.00 price target on shares of Apple in a research note on Tuesday, April 9th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $189.00 price target on shares of Apple in a research note on Tuesday, March 5th. Finally, Bank of America raised Apple from a “neutral” rating to a “buy” rating and upped their price target for the company from $208.00 to $225.00 in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $203.34.

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.