Apple Inc. (NASDAQ:AAPL) Shares Sold by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 0.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 45,807 shares of the iPhone maker’s stock after selling 69 shares during the quarter. Apple makes up 1.5% of Integrated Investment Consultants LLC’s holdings, making the stock its 16th biggest holding. Integrated Investment Consultants LLC’s holdings in Apple were worth $8,819,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AAPL. Wyrmwood Management LLC raised 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 valued at $33,000 after buying an additional 69 shares during the last quarter. Gilfoyle & Co LLC raised 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 valued at $40,000 after buying an additional 118 shares during the last quarter. PayPay Securities Corp raised its position in shares of Apple by 70.2% in the third quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock valued at $87,000 after buying an additional 210 shares during the last quarter. Cordant Inc. raised its position in shares of Apple by 27.7% in the third quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after buying an additional 140 shares during the last quarter. Finally, Life Planning Partners Inc acquired a new stake in shares of Apple in the fourth quarter valued at about $132,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction 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 transaction, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Luca Maestri sold 53,194 shares of Apple stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total value of $9,262,139.28. Following the transaction, 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 is accessible through this link. Also, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the transaction, 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 366,271 shares of company stock valued at $63,653,887 in the last ninety days. 0.06% of the stock is currently owned by company insiders.

Apple Stock Up 1.3 %

AAPL stock opened at $169.02 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. Apple Inc. has a twelve month low of $162.80 and a twelve month high of $199.62. The company’s 50 day moving average is $173.58 and its two-hundred day moving average is $181.94. The stock has a market cap of $2.61 trillion, a P/E ratio of 26.33, a PEG ratio of 2.00 and a beta of 1.27.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share 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 analysts’ expectations of $117.99 billion. During the same quarter last year, the company earned $1.88 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Research analysts expect that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders 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 0.57%. Apple’s payout ratio is 14.95%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AAPL. Barclays reissued an “underweight” rating and issued a $158.00 price objective on shares of Apple in a report on Tuesday. Redburn Partners lowered shares of Apple to a “neutral” rating and set a $200.00 price objective for the company. in a report on Wednesday, January 10th. Citigroup reissued a “buy” rating and issued a $225.00 price objective on shares of Apple in a report on Friday, February 16th. Piper Sandler dropped their price objective on shares of Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. Finally, Bank of America raised shares of 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 report on Thursday, January 18th. 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 given a strong buy rating to the stock. Based on data from MarketBeat, Apple presently 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.