Apple Inc. (NASDAQ:AAPL) Holdings Lowered by Barrett & Company Inc.

Barrett & Company Inc. lowered its position in Apple Inc. (NASDAQ:AAPL) by 4.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 26,298 shares of the iPhone maker’s stock after selling 1,106 shares during the quarter. Apple comprises 2.7% of Barrett & Company Inc.’s investment portfolio, making the stock its 7th largest holding. Barrett & Company Inc.’s holdings in Apple were worth $5,063,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction dated 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the transaction, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The disclosure for this sale can be found here. In 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 Price Performance

AAPL opened at $173.50 on Tuesday. 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 stock has a market capitalization of $2.68 trillion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. The stock’s 50 day moving average price is $172.86 and its 200-day moving average price is $181.77. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $199.62.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping the consensus estimate of $2.09 by $0.09. The business had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.88 EPS. On average, equities research analysts predict that Apple Inc. will post 6.54 EPS for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 0.55%. Apple’s payout ratio is 14.95%.

Analyst Ratings Changes

AAPL has been the subject of several analyst reports. DZ Bank reissued a “hold” rating and issued a $180.00 price target on shares of Apple in a report on Thursday, March 28th. Bank of America upgraded Apple from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $208.00 to $225.00 in a research report on Thursday, January 18th. Piper Sandler dropped their price target on Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, February 2nd. The Goldman Sachs Group upped their price objective on shares of Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $189.00 target price on shares of Apple in a research report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $202.62.

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.