Apple Inc. (NASDAQ:AAPL) Shares Sold by Norris Perne & French LLP MI

Norris Perne & French LLP MI lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,794 shares of the iPhone maker’s stock after selling 6,358 shares during the period. Norris Perne & French LLP MI’s holdings in Apple were worth $17,866,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AAPL. Atlantic Private Wealth LLC acquired a new stake in shares of Apple in the first quarter worth $30,000. Wyrmwood Management LLC increased its position in shares of Apple by 69.0% in the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after acquiring an additional 69 shares in the last quarter. Gilfoyle & Co LLC increased its position in shares of Apple by 118.0% in the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after acquiring an additional 118 shares in the last quarter. Summit Wealth Group LLC increased its position in shares of Apple by 16,252.3% in the first quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock worth $42,000 after acquiring an additional 6,949,659 shares in the last quarter. Finally, HBC Financial Services PLLC grew its holdings in Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analyst Ratings Changes

AAPL has been the subject of a number of recent analyst reports. Redburn Partners lowered shares of Apple to a “neutral” rating and set a $200.00 price target for the company. in a report on Wednesday, January 10th. Piper Sandler Companies lowered shares of Apple to a “neutral” rating and lowered their price target for the company from $220.00 to $205.00 in a report on Thursday, January 4th. Bank of America raised shares of Apple from a “neutral” rating to a “buy” rating and raised their price target for the company from $208.00 to $225.00 in a report on Thursday, January 18th. DZ Bank reaffirmed a “hold” rating and set a $180.00 price target on shares of Apple in a report on Thursday, March 28th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $189.00 price target on shares of Apple in a report on Tuesday, March 5th. One equities 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 given a strong buy rating to the company. According to MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $203.34.

Apple Trading Down 1.2 %

Apple stock opened at $165.00 on Friday. The firm’s 50-day moving average is $174.67 and its 200-day moving average is $182.11. 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 1 year low of $162.80 and a 1 year high of $199.62. The company has a market cap of $2.55 trillion, a P/E ratio of 25.70, a PEG ratio of 2.02 and a beta of 1.27.

Apple (NASDAQ:AAPL) last posted 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. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. During the same period last year, the firm posted $1.88 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts expect that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Announces Dividend

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

Insider Buying and Selling

In related news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the sale, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Timothy D. Cook sold 99,183 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were 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 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 a total of 366,271 shares of company stock valued at $63,653,887 in the last quarter. Company insiders own 0.06% of the company’s stock.

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.