Apple Inc. (NASDAQ:AAPL) Shares Sold by Galibier Capital Management Ltd.

Galibier Capital Management Ltd. lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.0% in the fourth quarter, Holdings Channel reports. The firm owned 12,647 shares of the iPhone maker’s stock after selling 670 shares during the quarter. Apple accounts for 0.6% of Galibier Capital Management Ltd.’s investment portfolio, making the stock its 18th biggest holding. Galibier Capital Management Ltd.’s holdings in Apple were worth $2,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of AAPL. Cullinan Associates Inc. raised its position in Apple by 6.3% during the 3rd quarter. Cullinan Associates Inc. now owns 784,520 shares of the iPhone maker’s stock worth $134,318,000 after buying an additional 46,216 shares during the last quarter. Ronald Blue Trust Inc. raised its position in Apple by 4.3% during the 3rd quarter. Ronald Blue Trust Inc. now owns 143,501 shares of the iPhone maker’s stock worth $24,569,000 after buying an additional 5,981 shares during the last quarter. Platte River Wealth Advisors LLC raised its position in Apple by 1.1% during the 3rd quarter. Platte River Wealth Advisors LLC now owns 62,407 shares of the iPhone maker’s stock worth $10,685,000 after buying an additional 697 shares during the last quarter. Polaris Wealth Advisory Group LLC raised its position in Apple by 77.3% during the 3rd quarter. Polaris Wealth Advisory Group LLC now owns 322,877 shares of the iPhone maker’s stock worth $55,280,000 after buying an additional 140,750 shares during the last quarter. Finally, Independent Wealth Network Inc. raised its position in Apple by 0.9% during the 3rd quarter. Independent Wealth Network Inc. now owns 19,813 shares of the iPhone maker’s stock worth $3,392,000 after buying an additional 178 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insiders Place Their Bets

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Timothy D. Cook sold 99,183 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $574,260,512.21. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock worth $63,653,887 over the last ninety days. 0.06% of the stock is owned by company insiders.

Apple Stock Performance

NASDAQ:AAPL opened at $169.02 on Thursday. Apple Inc. has a 1-year low of $162.80 and a 1-year high of $199.62. The firm has a 50 day simple moving average of $173.58 and a 200-day simple moving average of $181.94. The firm has a market cap of $2.61 trillion, a PE ratio of 26.33, a P/E/G ratio of 2.00 and a beta of 1.27. 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 (NASDAQ:AAPL) last released its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (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 firm had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. During the same period in the previous year, the firm earned $1.88 earnings per share. Apple’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts expect that Apple Inc. will post 6.54 EPS for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 0.57%. Apple’s dividend payout ratio is currently 14.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Rosenblatt Securities restated a “neutral” rating and set a $189.00 price objective on shares of Apple in a research report on Tuesday, March 5th. Redburn Partners downgraded shares of Apple to a “neutral” rating and set a $200.00 price objective for the company. in a research report on Wednesday, January 10th. UBS Group reiterated a “hold” rating and issued a $190.00 price target on shares of Apple in a report on Monday, March 25th. Oppenheimer reiterated an “outperform” rating and issued a $200.00 price target on shares of Apple in a report on Friday, February 2nd. Finally, Maxim Group started coverage on shares of Apple in a report on Wednesday, April 17th. They issued a “hold” rating and a $178.00 price target for the company. One investment 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 company. According to MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $203.05.

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.