Apple Inc. (NASDAQ:AAPL) Shares Sold by Newton One Investments LLC

Newton One Investments LLC cut its holdings in Apple Inc. (NASDAQ:AAPL) by 18.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,840 shares of the iPhone maker’s stock after selling 2,227 shares during the quarter. Apple comprises about 0.9% of Newton One Investments LLC’s investment portfolio, making the stock its 19th biggest holding. Newton One Investments LLC’s holdings in Apple were worth $1,894,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Kingdom Financial Group LLC. raised its position in shares of Apple by 5.5% during the third quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock worth $1,963,000 after purchasing an additional 598 shares during the period. RFG Advisory LLC increased its stake in Apple by 13.6% in the 3rd quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock worth $29,589,000 after purchasing an additional 20,737 shares in the last quarter. Headinvest LLC raised its holdings in Apple by 1.7% during the 3rd quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock worth $9,236,000 after buying an additional 872 shares during the period. Sound Income Strategies LLC lifted its stake in Apple by 16.1% during the fourth quarter. Sound Income Strategies LLC now owns 75,110 shares of the iPhone maker’s stock valued at $14,461,000 after buying an additional 10,425 shares in the last quarter. Finally, DNB Asset Management AS boosted its holdings in shares of Apple by 6.9% in the fourth quarter. DNB Asset Management AS now owns 4,307,068 shares of the iPhone maker’s stock worth $829,240,000 after buying an additional 279,311 shares during the period. Institutional investors own 60.41% of the company’s stock.

Insider Activity

In related news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 completion of the transaction, the director now owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 3,377,407 shares in the company, valued at $574,260,512.21. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 366,271 shares of company stock worth $63,653,887. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

NASDAQ:AAPL opened at $165.84 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. Apple Inc. has a one year low of $162.80 and a one year high of $199.62. The company has a fifty day moving average price of $174.24 and a 200 day moving average price of $182.10. The stock has a market cap of $2.56 trillion, a P/E ratio of 25.83, a PEG ratio of 1.99 and a beta of 1.27.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, beating 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 business had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. During the same quarter in the prior year, the business earned $1.88 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts anticipate 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. Stockholders of record on Monday, February 12th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Friday, February 9th. Apple’s payout ratio is presently 14.95%.

Analyst Ratings Changes

AAPL has been the topic of a number of recent analyst reports. Oppenheimer restated an “outperform” rating and set a $200.00 price target on shares of Apple in a report on Friday, February 2nd. Morgan Stanley reduced their target price on Apple from $220.00 to $210.00 and set an “overweight” rating for the company in a report on Monday. Needham & Company LLC reiterated a “buy” rating and set a $220.00 price target on shares of Apple in a report on Tuesday, April 16th. The Goldman Sachs Group increased their price objective on Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, Piper Sandler lowered their target price on Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $203.05.

Apple 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.