Apple Inc. (NASDAQ:AAPL) Shares Sold by Moseley Investment Management Inc.

Moseley Investment Management Inc. lowered its stake in Apple Inc. (NASDAQ:AAPL) by 6.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 75,410 shares of the iPhone maker’s stock after selling 5,595 shares during the period. Apple accounts for approximately 8.1% of Moseley Investment Management Inc.’s holdings, making the stock its largest holding. Moseley Investment Management Inc.’s holdings in Apple were worth $14,519,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Conservest Capital Advisors Inc. grew its holdings in shares of Apple by 0.3% during the third 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 last quarter. High Pines Wealth Management LLC boosted its position in Apple by 0.7% during the 4th quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock worth $1,638,000 after buying an additional 58 shares during the period. Kraft Davis & Associates LLC grew its holdings in Apple by 0.9% during the 3rd quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock worth $1,155,000 after acquiring an additional 59 shares during the last quarter. Asset Planning Corporation increased its position in Apple by 1.0% in the 4th quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock valued at $1,181,000 after acquiring an additional 59 shares during the period. Finally, Columbus Macro LLC increased its position in Apple by 0.5% in the 4th quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock valued at $2,120,000 after acquiring an additional 59 shares during the period. Institutional investors own 60.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AAPL shares. Robert W. Baird boosted their price objective on shares of Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. DZ Bank reiterated a “hold” rating and issued a $180.00 price target on shares of Apple in a research report on Thursday, March 28th. Monness Crespi & Hardt raised their price objective on Apple from $189.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Citigroup reduced their target price on Apple from $220.00 to $210.00 and set a “buy” rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Apple from $215.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $202.62.

Insider Transactions at Apple

In related news, CFO Luca Maestri sold 53,194 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the completion of the sale, the chief financial officer now owns 107,788 shares in the company, valued at $18,768,046.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Apple 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 directly owns 489,944 shares in the company, valued at $84,378,155.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Luca Maestri sold 53,194 shares of the 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 transaction, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The disclosure for this sale can be found here. Insiders have sold 366,271 shares of company stock worth $63,653,887 in the last ninety days. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

AAPL stock opened at $173.03 on Friday. The company has a market capitalization of $2.67 trillion, a P/E ratio of 26.95, a price-to-earnings-growth ratio of 2.06 and a beta of 1.26. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $199.62. The business has a 50-day simple moving average of $172.15 and a two-hundred day simple moving average of $181.57. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. During the same quarter in the prior year, the company posted $1.88 earnings per share. Apple’s revenue was up 2.1% compared to the same quarter last year. Research analysts expect that Apple Inc. will post 6.53 EPS for the current fiscal year.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, May 13th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.58%. This is a boost from Apple’s previous quarterly dividend of $0.24. Apple’s payout ratio is currently 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.