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

Crew Capital Management Ltd. lowered its position in Apple Inc. (NASDAQ:AAPLFree Report) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,769 shares of the iPhone maker’s stock after selling 1,362 shares during the quarter. Apple accounts for approximately 6.2% of Crew Capital Management Ltd.’s investment portfolio, making the stock its 3rd largest position. Crew Capital Management Ltd.’s holdings in Apple were worth $6,117,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ironwood Wealth Management LLC. boosted its holdings in Apple by 0.4% in the third quarter. Ironwood Wealth Management LLC. now owns 220,621 shares of the iPhone maker’s stock valued at $37,773,000 after acquiring an additional 930 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC boosted its holdings in Apple by 0.4% in the third quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 44,210 shares of the iPhone maker’s stock valued at $7,564,000 after acquiring an additional 161 shares during the last quarter. Value Partners Investments Inc. boosted its holdings in Apple by 16.7% in the third quarter. Value Partners Investments Inc. now owns 2,859 shares of the iPhone maker’s stock valued at $492,000 after acquiring an additional 410 shares during the last quarter. Fiduciary Planning LLC boosted its holdings in Apple by 5.8% in the third quarter. Fiduciary Planning LLC now owns 9,597 shares of the iPhone maker’s stock valued at $1,643,000 after acquiring an additional 524 shares during the last quarter. Finally, NBT Bank N A NY boosted its holdings in Apple by 56.6% in the third quarter. NBT Bank N A NY now owns 324,922 shares of the iPhone maker’s stock valued at $55,630,000 after acquiring an additional 117,379 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Transactions at Apple

In other news, insider Chris Kondo sold 4,999 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $190.40, for a total transaction of $951,809.60. Following the completion of the transaction, the insider now owns 29,278 shares in the company, valued at approximately $5,574,531.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Apple news, CFO Luca Maestri sold 53,194 shares of the firm’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 transaction, the chief financial officer now owns 107,788 shares in the company, valued at approximately $18,768,046.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Chris Kondo sold 4,999 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $190.40, for a total value of $951,809.60. Following the completion of the transaction, the insider now owns 29,278 shares of the company’s stock, valued at approximately $5,574,531.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 271,270 shares of company stock worth $46,511,696. 0.06% of the stock is owned by company insiders.

Apple Stock Up 0.5 %

AAPL stock opened at $192.25 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.99 and a current ratio of 1.04. The company has a market capitalization of $2.95 trillion, a price-to-earnings ratio of 29.90, a PEG ratio of 2.33 and a beta of 1.26. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $199.62. The stock has a fifty day moving average of $177.53 and a 200-day moving average of $183.25.

Apple (NASDAQ:AAPLGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.02. The company had revenue of $90.75 billion during the quarter, compared to the consensus estimate of $90.37 billion. Apple had a return on equity of 148.33% and a net margin of 26.31%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.52 EPS. As a group, equities research analysts predict that Apple Inc. will post 6.57 earnings per share for the current year.

Apple declared that its Board of Directors has approved a stock repurchase program on Thursday, May 2nd that authorizes the company to repurchase $110.00 billion in shares. This repurchase authorization authorizes the iPhone maker to buy up to 3.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Apple Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, May 13th were paid a dividend of $0.25 per share. This is an increase from Apple’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, May 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.52%. Apple’s dividend payout ratio is presently 15.55%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AAPL. Canaccord Genuity Group upped their target price on Apple from $200.00 to $215.00 and gave the company a “buy” rating in a report on Saturday, May 4th. Monness Crespi & Hardt increased their price target on Apple from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Needham & Company LLC restated a “buy” rating and set a $220.00 price target on shares of Apple in a report on Friday, May 3rd. Canaccord Genuity Group increased their price target on Apple from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, Wedbush increased their price target on Apple from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.59.

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About Apple

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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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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