Apple Inc. (NASDAQ:AAPL) Stock Holdings Lessened by Bey Douglas LLC

Bey Douglas LLC cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,672 shares of the iPhone maker’s stock after selling 169 shares during the period. Apple accounts for approximately 6.2% of Bey Douglas LLC’s holdings, making the stock its 4th biggest holding. Bey Douglas LLC’s holdings in Apple were worth $7,180,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Amara Financial LLC. acquired a new position in shares of Apple in the third quarter worth about $288,000. Sterling Investment Counsel LLC grew its holdings in shares of Apple by 3.8% during the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after purchasing an additional 2,565 shares during the last quarter. Silicon Valley Capital Partners lifted its stake in Apple by 12.8% in the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock valued at $59,122,000 after buying an additional 28,799 shares during the last quarter. Catalyst Financial Partners LLC grew its position in Apple by 4.2% in the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock worth $22,505,000 after purchasing an additional 3,935 shares during the last quarter. Finally, Narwhal Capital Management raised its stake in Apple by 2.5% during the 3rd quarter. Narwhal Capital Management now owns 276,791 shares of the iPhone maker’s stock valued at $64,492,000 after acquiring an additional 6,711 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Jefferies Financial Group raised Apple from an “underperform” rating to a “hold” rating and decreased their price target for the company from $202.33 to $167.88 in a research note on Wednesday, April 9th. Morgan Stanley dropped their target price on Apple from $252.00 to $220.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and set a $230.00 price target for the company. in a research note on Tuesday, January 21st. Moffett Nathanson restated a “sell” rating and set a $188.00 target price (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. Finally, Barclays boosted their target price on shares of Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $235.85.

Insiders Place Their Bets

In other Apple news, CEO Timothy D. Cook sold 108,136 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the sale, the chief executive officer now directly owns 3,280,295 shares of the company’s stock, valued at $733,637,976.75. The trade was a 3.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Katherine L. Adams sold 38,822 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total value of $8,683,316.74. Following the transaction, the senior vice president now directly owns 179,158 shares in the company, valued at $40,072,269.86. This trade represents a 17.81 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 182,451 shares of company stock worth $40,818,720. Company insiders own 0.06% of the company’s stock.

Apple Trading Up 1.3 %

Shares of AAPL opened at $196.79 on Friday. The stock has a fifty day moving average price of $220.36 and a two-hundred day moving average price of $230.28. The company has a market cap of $2.96 trillion, a price-to-earnings ratio of 31.24, a PEG ratio of 2.44 and a beta of 1.26. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) 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%. Analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given 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 0.51%. Apple’s payout ratio is currently 15.87%.

Apple Company 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.