Harbor Advisory Corp MA Trims Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Harbor Advisory Corp MA cut its holdings in Apple Inc. (NASDAQ:AAPL) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,420 shares of the iPhone maker’s stock after selling 775 shares during the period. Apple makes up approximately 4.2% of Harbor Advisory Corp MA’s portfolio, making the stock its 3rd biggest position. Harbor Advisory Corp MA’s holdings in Apple were worth $12,877,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp raised its holdings in Apple by 10.6% during the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after buying an additional 55,935,105 shares during the last quarter. FMR LLC grew its stake in Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after purchasing an additional 18,224,005 shares during the period. Geode Capital Management LLC raised its stake in shares of Apple by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock worth $77,542,863,000 after purchasing an additional 20,483,787 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock worth $22,121,656,000 after buying an additional 5,893,741 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Apple by 20,372.7% during the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after purchasing an additional 93,886,664 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Price Performance

AAPL stock opened at $202.52 on Tuesday. The firm’s 50-day moving average price is $222.27 and its two-hundred day moving average price is $230.99. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The stock has a market capitalization of $3.04 trillion, a price-to-earnings ratio of 32.15, a PEG ratio of 2.44 and a beta of 1.26. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, equities analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.49%. Apple’s payout ratio is 15.87%.

Insider Transactions at Apple

In other news, SVP Katherine L. Adams sold 38,822 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the sale, the senior vice president now owns 179,158 shares in the company, valued at $40,072,269.86. This represents a 17.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jeffrey E. Williams sold 35,493 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total value of $7,950,786.93. Following the completion of the transaction, the chief operating officer now owns 390,059 shares of the company’s stock, valued at $87,377,116.59. This represents a 8.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 182,451 shares of company stock valued at $40,818,720 in the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AAPL shares. Redburn Partners set a $230.00 price objective on Apple in a research note on Friday, January 31st. Bank of America dropped their price target on shares of Apple from $265.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $225.00 price target on shares of Apple in a report on Monday. Maxim Group boosted their price objective on Apple to $215.00 and gave the company a “hold” rating in a research note on Friday, February 21st. Finally, Sanford C. Bernstein raised their target price on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average price target of $235.85.

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.