Apple Inc. (NASDAQ:AAPL) is Financial Security Advisor Inc.’s 5th Largest Position

Financial Security Advisor Inc. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 55,332 shares of the iPhone maker’s stock after selling 637 shares during the period. Apple accounts for about 4.2% of Financial Security Advisor Inc.’s portfolio, making the stock its 5th largest position. Financial Security Advisor Inc.’s holdings in Apple were worth $10,653,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC raised its position in shares of Apple by 14,395.4% in the 4th quarter. International Assets Investment Management LLC now owns 70,700,395 shares of the iPhone maker’s stock worth $136,119,470,000 after acquiring an additional 70,212,651 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Apple during the fourth quarter valued at about $560,388,000. Hudson Bay Capital Management LP acquired a new stake in Apple in the 3rd quarter worth approximately $487,435,000. Barclays PLC grew its position in Apple by 6.0% during the 3rd quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock worth $8,519,244,000 after purchasing an additional 2,826,709 shares during the last quarter. Finally, Morgan Stanley raised its holdings in shares of Apple by 1.0% in the third quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock worth $35,394,751,000 after buying an additional 2,018,010 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insiders Place Their Bets

In related news, COO Jeffrey E. Williams sold 59,162 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $172.22, for a total value of $10,188,879.64. Following the sale, the chief operating officer now owns 489,944 shares in the company, valued at approximately $84,378,155.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, COO Jeffrey E. Williams sold 59,162 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the sale, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at approximately $84,378,155.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Arthur D. Levinson sold 100,000 shares of the firm’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 transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. Insiders have sold 366,271 shares of company stock worth $63,653,887 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the topic of several research reports. DZ Bank reissued a “hold” rating and issued a $180.00 target price on shares of Apple in a research report on Thursday, March 28th. Barclays reaffirmed an “underweight” rating and set a $158.00 target price on shares of Apple in a report on Tuesday, April 23rd. 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. Rosenblatt Securities restated a “neutral” rating and set a $189.00 price objective on shares of Apple in a research note on Tuesday, March 5th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Apple from $215.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $203.05.

Apple Stock Down 0.3 %

AAPL stock opened at $169.30 on Monday. The firm has a market cap of $2.61 trillion, a PE ratio of 26.37, a PEG ratio of 2.04 and a beta of 1.27. Apple Inc. has a one year low of $164.07 and a one year 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 firm’s 50 day moving average price is $173.04 and its 200-day moving average price is $181.83.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) 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 firm had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. During the same period last year, the company earned $1.88 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts anticipate that Apple Inc. will post 6.54 EPS for the current year.

Apple Announces Dividend

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