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

Jacobsen Capital Management decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 28,693 shares of the iPhone maker’s stock after selling 765 shares during the quarter. Apple accounts for 2.8% of Jacobsen Capital Management’s investment portfolio, making the stock its 8th biggest holding. Jacobsen Capital Management’s holdings in Apple were worth $5,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in AAPL. Morgan Stanley increased 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 valued at $35,394,751,000 after buying an additional 2,018,010 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Apple by 14,395.4% during the fourth quarter. International Assets Investment Management LLC now owns 70,700,395 shares of the iPhone maker’s stock worth $136,119,470,000 after purchasing an additional 70,212,651 shares during the period. Barclays PLC boosted its position in shares of Apple by 6.0% in the 3rd quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock valued at $8,519,244,000 after purchasing an additional 2,826,709 shares during the period. California Public Employees Retirement System increased its stake in Apple by 4.6% in the 3rd quarter. California Public Employees Retirement System now owns 38,579,495 shares of the iPhone maker’s stock worth $6,605,195,000 after purchasing an additional 1,696,576 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in Apple by 1.7% during the 3rd quarter. Nordea Investment Management AB now owns 17,519,918 shares of the iPhone maker’s stock worth $3,020,609,000 after buying an additional 287,329 shares during the period. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $169.30 on Monday. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $199.62. 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 company has a market cap of $2.61 trillion, a price-to-earnings ratio of 26.37, a PEG ratio of 2.04 and a beta of 1.27. The business has a 50 day moving average price of $173.04 and a 200 day moving average price of $181.83.

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

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders 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 annualized dividend and a yield of 0.57%. Apple’s dividend payout ratio (DPR) is 14.95%.

Insider Transactions at Apple

In related news, CFO Luca Maestri sold 53,194 shares of the company’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 directly owns 107,788 shares in the company, valued at $18,768,046.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Luca Maestri sold 53,194 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at $18,768,046.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the transaction, the senior vice president now owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 366,271 shares of company stock valued at $63,653,887. 0.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on AAPL. Rosenblatt Securities reissued a “neutral” rating and issued a $189.00 target price on shares of Apple in a research report on Tuesday, March 5th. Citigroup restated a “buy” rating and issued a $225.00 target price on shares of Apple in a report on Friday, February 16th. Loop Capital lowered their price target on Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a report on Monday, April 1st. Redburn Partners downgraded Apple to a “neutral” rating and set a $200.00 price objective for the company. in a research note on Wednesday, January 10th. Finally, Maxim Group assumed coverage on Apple in a research note on Wednesday, April 17th. They set a “hold” rating and a $178.00 target price on the stock. 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. According to data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average target price 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.