JMG Financial Group Ltd. Sells 248 Shares of Apple Inc. (NASDAQ:AAPL)

JMG Financial Group Ltd. lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,201 shares of the iPhone maker’s stock after selling 248 shares during the period. JMG Financial Group Ltd.’s holdings in Apple were worth $1,302,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AAPL. AMF Tjanstepension AB boosted its holdings in shares of Apple by 21.1% during the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock valued at $787,631,000 after purchasing an additional 588,427 shares during the last quarter. Latitude Advisors LLC lifted its holdings in shares of Apple by 0.3% in the 3rd quarter. Latitude Advisors LLC now owns 17,236 shares of the iPhone maker’s stock valued at $4,016,000 after acquiring an additional 50 shares during the last quarter. Cornerstone Wealth Advisors Inc. lifted its holdings in shares of Apple by 5.7% in the 3rd quarter. Cornerstone Wealth Advisors Inc. now owns 9,363 shares of the iPhone maker’s stock valued at $2,182,000 after acquiring an additional 505 shares during the last quarter. Smith Group Asset Management LLC lifted its holdings in shares of Apple by 5.1% in the 3rd quarter. Smith Group Asset Management LLC now owns 248,496 shares of the iPhone maker’s stock valued at $57,900,000 after acquiring an additional 12,130 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. lifted its holdings in shares of Apple by 39.5% in the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 43,098 shares of the iPhone maker’s stock valued at $10,042,000 after acquiring an additional 12,204 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In related news, CEO Timothy D. Cook sold 108,136 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 3,280,295 shares in the company, 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 Securities & Exchange Commission, which is available through this link. Also, CFO Kevan Parekh sold 4,570 shares of the business’s stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total value of $941,420.00. Following the transaction, the chief financial officer now owns 4,569 shares in the company, valued at approximately $941,214. This trade represents a 50.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 187,021 shares of company stock worth $41,760,140 in the last ninety days. 0.06% of the stock is owned by insiders.

Apple Trading Up 0.4 %

AAPL opened at $210.14 on Tuesday. The firm has a market cap of $3.16 trillion, a price-to-earnings ratio of 33.36, 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 Inc. has a 12 month low of $169.11 and a 12 month high of $260.10. The stock has a fifty day moving average price of $215.01 and a 200-day moving average price of $229.19.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping 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 research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm 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 of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.48%. Apple’s dividend payout ratio (DPR) is 15.87%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AAPL shares. JPMorgan Chase & Co. lowered their price target on shares of Apple from $270.00 to $245.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Bank of America lowered their price target on shares of Apple from $250.00 to $240.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Oppenheimer lowered shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group reduced their price objective on shares of Apple from $259.00 to $256.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Finally, Maxim Group increased their price objective on shares of Apple to $215.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.31.

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.