Human Investing LLC Sells 500 Shares of Apple Inc. (NASDAQ:AAPL)

Human Investing LLC trimmed its position in Apple Inc. (NASDAQ:AAPL) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,180 shares of the iPhone maker’s stock after selling 500 shares during the quarter. Apple makes up 0.7% of Human Investing LLC’s holdings, making the stock its 21st largest position. Human Investing LLC’s holdings in Apple were worth $4,052,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. State Street Corp lifted its stake in shares of Apple by 10.6% during the 3rd 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 position in shares of Apple by 5.3% during the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after purchasing an additional 18,224,005 shares in the last quarter. Geode Capital Management LLC grew its position in Apple by 6.5% during the third quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock worth $77,542,863,000 after buying an additional 20,483,787 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Apple by 6.6% during 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 purchasing an additional 5,893,741 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Apple by 1.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 91,568,390 shares of the iPhone maker’s stock valued at $21,335,435,000 after buying an additional 1,742,087 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several recent analyst reports. Oppenheimer lowered Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and set a $230.00 target price for the company. in a research note on Tuesday, January 21st. Argus upgraded shares of Apple to a “strong-buy” rating in a research note on Friday, January 31st. Jefferies Financial Group upgraded shares of Apple from an “underperform” rating to a “hold” rating and lowered their price objective for the stock from $202.33 to $167.88 in a research report on Wednesday, April 9th. Finally, Morgan Stanley cut their target price on shares of Apple from $252.00 to $220.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $236.00.

Apple Stock Performance

Shares of AAPL stock opened at $199.74 on Wednesday. The firm has a 50 day moving average of $217.94 and a 200-day moving average of $229.69. The company has a market cap 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 company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple Inc. has a 52 week low of $164.92 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results 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 net margin of 24.30% and a return on equity of 160.83%. On average, equities analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.50%. Apple’s payout ratio is currently 15.87%.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 38,822 shares of the business’s stock in a transaction 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 completion of the sale, the senior vice president now owns 179,158 shares in the company, valued at approximately $40,072,269.86. The trade was a 17.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 35,493 shares of the company’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 sale, the chief operating officer now owns 390,059 shares in the company, valued at $87,377,116.59. This represents a 8.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 182,451 shares of company stock valued at $40,818,720. Company insiders own 0.06% of the company’s stock.

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.