Apple Inc. (NASDAQ:AAPL) Stock Position Lessened by Advanced Asset Management Advisors Inc

Advanced Asset Management Advisors Inc decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,000 shares of the iPhone maker’s stock after selling 438 shares during the period. Apple accounts for 3.3% of Advanced Asset Management Advisors Inc’s holdings, making the stock its 5th biggest position. Advanced Asset Management Advisors Inc’s holdings in Apple were worth $12,771,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Tigress Financial increased their price target on shares of Apple from $295.00 to $300.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 3rd. China Renaissance started coverage on Apple in a research report on Tuesday. They set a “buy” rating and a $241.00 price target on the stock. Citigroup decreased their price target on Apple from $275.00 to $245.00 and set a “buy” rating for the company in a report on Monday, April 14th. Redburn Partners set a $230.00 target price on shares of Apple in a research note on Friday, January 31st. Finally, DA Davidson dropped their price target on shares of Apple from $290.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $236.00.

Insiders Place Their Bets

In other news, COO Jeffrey E. Williams sold 35,493 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the completion of the transaction, the chief operating officer now directly owns 390,059 shares of the company’s stock, valued at approximately $87,377,116.59. The trade was a 8.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 108,136 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was 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 in the company, valued at $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. Insiders have sold a total of 182,451 shares of company stock worth $40,818,720 in the last quarter. 0.06% of the stock is owned by company insiders.

Apple Stock Performance

Shares of Apple stock opened at $199.74 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The stock has a market capitalization of $3.00 trillion, a price-to-earnings ratio of 31.70, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The business has a 50-day moving average of $217.94 and a 200 day moving average of $229.69. Apple Inc. has a 12 month low of $164.92 and a 12 month high of $260.10.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.50%. Apple’s payout ratio is 15.87%.

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.