Apple Inc. (NASDAQ:AAPL) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,608,818 shares of the iPhone maker’s stock after selling 258,311 shares during the quarter. Apple comprises 5.1% of Asset Management One Co. Ltd.’s portfolio, making the stock its 2nd biggest position. Asset Management One Co. Ltd.’s holdings in Apple were worth $1,279,303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of AAPL. Wyrmwood Management LLC grew its position in shares of Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after purchasing an additional 69 shares during the period. Gilfoyle & Co LLC grew its position in shares of Apple by 118.0% in the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after purchasing an additional 118 shares during the period. PayPay Securities Corp grew its position in shares of Apple by 70.2% in the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock valued at $87,000 after purchasing an additional 210 shares during the period. Cordant Inc. grew its position in shares of Apple by 27.7% in the 3rd quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after purchasing an additional 140 shares during the period. Finally, Life Planning Partners Inc acquired a new position in shares of Apple in the 4th quarter valued at approximately $132,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 transaction, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Luca Maestri sold 53,194 shares of the firm’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total value of $9,262,139.28. Following the completion of the transaction, the chief financial officer now owns 107,788 shares in the company, valued at approximately $18,768,046.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 366,271 shares of company stock worth $63,653,887. Company insiders own 0.06% of the company’s stock.

Apple Stock Down 0.3 %

AAPL opened at $169.30 on Friday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $199.62. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The company has a market capitalization of $2.61 trillion, a P/E ratio of 26.37, a P/E/G ratio of 2.05 and a beta of 1.27. The stock has a fifty day moving average of $173.04 and a 200-day moving average of $181.81.

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

Apple Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Citigroup reiterated a “buy” rating and issued a $225.00 price objective on shares of Apple in a research report on Friday, February 16th. The Goldman Sachs Group upped their price target on Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Loop Capital reduced their price target on Apple from $185.00 to $170.00 and set a “hold” rating for the company in a research report on Monday, April 1st. Bank of America raised Apple from a “neutral” rating to a “buy” rating and upped their price target for the stock from $208.00 to $225.00 in a research report on Thursday, January 18th. Finally, Robert W. Baird upped their price target on Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.