KRS Capital Management LLC Sells 541 Shares of Apple Inc. (NASDAQ:AAPL)

KRS Capital Management LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,284 shares of the iPhone maker’s stock after selling 541 shares during the quarter. Apple makes up approximately 12.4% of KRS Capital Management LLC’s portfolio, making the stock its biggest position. KRS Capital Management LLC’s holdings in Apple were worth $13,339,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AAPL. Conservest Capital Advisors Inc. raised its holdings in shares of Apple by 0.3% in the 3rd quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock worth $2,877,000 after purchasing an additional 55 shares during the period. High Pines Wealth Management LLC raised its holdings in shares of Apple by 0.7% in the 4th quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock worth $1,638,000 after purchasing an additional 58 shares during the period. Kraft Davis & Associates LLC raised its holdings in shares of Apple by 0.9% in the 3rd quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock worth $1,155,000 after purchasing an additional 59 shares during the period. Asset Planning Corporation raised its holdings in shares of Apple by 1.0% in the 4th quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock worth $1,181,000 after purchasing an additional 59 shares during the period. Finally, Columbus Macro LLC raised its holdings in shares of Apple by 0.5% in the 4th quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock worth $2,120,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Activity

In other news, CFO Luca Maestri sold 53,194 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Luca Maestri sold 53,194 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Arthur D. Levinson sold 100,000 shares of the business’s 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 transaction, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 366,271 shares of company stock valued at $63,653,887. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AAPL shares. Piper Sandler lowered their price target on shares of Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Barclays reiterated an “underweight” rating and issued a $158.00 price target on shares of Apple in a research report on Tuesday, April 23rd. Monness Crespi & Hardt increased their price objective on Apple from $189.00 to $200.00 and gave the stock a “buy” rating 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, April 22nd. Finally, The Goldman Sachs Group increased their price target on shares of Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average price target of $203.05.

Apple Trading Down 0.3 %

Shares of AAPL stock opened at $169.30 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. The business has a 50-day moving average price of $173.04 and a two-hundred day moving average price of $181.81. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $199.62. The firm has a market cap of $2.61 trillion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 2.05 and a beta of 1.27.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating 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 analyst estimates of $117.99 billion. During the same quarter in the previous year, the company posted $1.88 EPS. Apple’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts anticipate that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were paid 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 was Friday, February 9th. Apple’s dividend payout ratio (DPR) is presently 14.95%.

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.