Apple Inc. (NASDAQ:AAPL) Shares Sold by GFG Capital LLC

GFG Capital LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 113,042 shares of the iPhone maker’s stock after selling 845 shares during the quarter. Apple accounts for about 7.4% of GFG Capital LLC’s investment portfolio, making the stock its 2nd biggest holding. GFG Capital LLC’s holdings in Apple were worth $28,308,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Drystone LLC acquired a new stake in shares of Apple in the fourth quarter valued at approximately $25,000. Bull Oak Capital LLC boosted its holdings in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares during the period. Life Planning Partners Inc bought a new stake in Apple in the 4th quarter valued at $47,000. SPX Gestao de Recursos Ltda acquired a new stake in Apple in the 3rd quarter worth about $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in Apple in the 3rd quarter valued at $77,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AAPL. TD Cowen reiterated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Monness Crespi & Hardt upped their price target on shares of Apple to $245.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Loop Capital cut shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective on the stock. in a research report on Tuesday, January 21st. Rosenblatt Securities restated a “buy” rating and issued a $263.00 target price on shares of Apple in a report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Apple from $270.00 to $245.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $235.85.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 35,493 shares of Apple stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total value of $7,950,786.93. Following the transaction, the chief operating officer now owns 390,059 shares in the company, valued at $87,377,116.59. This trade represents a 8.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy D. Cook sold 108,136 shares of the company’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 owns 3,280,295 shares of the company’s stock, valued at approximately $733,637,976.75. The trade was a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 182,451 shares of company stock worth $40,818,720. 0.06% of the stock is currently owned by insiders.

Apple Price Performance

AAPL stock opened at $196.79 on Friday. The firm has a 50 day simple moving average of $219.65 and a two-hundred day simple moving average of $230.08. The stock has a market cap of $2.96 trillion, a PE ratio of 31.24, a P/E/G ratio of 2.44 and a beta of 1.26. Apple Inc. has a one year low of $164.08 and a one year high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 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.