Apple Inc. (NASDAQ:AAPL) Holdings Cut by Carl P. Sherr & Co. LLC

Carl P. Sherr & Co. LLC lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 0.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 48,748 shares of the iPhone maker’s stock after selling 67 shares during the quarter. Apple makes up about 6.4% of Carl P. Sherr & Co. LLC’s investment portfolio, making the stock its 4th largest holding. Carl P. Sherr & Co. LLC’s holdings in Apple were worth $12,208,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Amara Financial LLC. bought a new position in shares of Apple in the 3rd quarter worth approximately $288,000. Silicon Valley Capital Partners grew 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 worth $59,122,000 after purchasing an additional 28,799 shares during the period. Catalyst Financial Partners LLC grew its stake in Apple by 4.2% in the third 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 period. Vestcor Inc raised its holdings in Apple by 10.1% in the third quarter. Vestcor Inc now owns 375,539 shares of the iPhone maker’s stock worth $87,501,000 after purchasing an additional 34,414 shares in the last quarter. Finally, 5th Street Advisors LLC lifted its position in Apple by 32.9% during the third quarter. 5th Street Advisors LLC now owns 15,100 shares of the iPhone maker’s stock valued at $3,518,000 after buying an additional 3,736 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Maxim Group increased their price target on shares of Apple to $215.00 and gave the stock a “hold” rating in a research note on Friday, February 21st. Morgan Stanley raised their target price on shares of Apple from $220.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday. Moffett Nathanson reissued a “sell” rating and issued a $188.00 price target (down from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Raymond James reduced their price objective on Apple from $250.00 to $230.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, TD Cowen reissued a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, eleven 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, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $232.63.

Insider Buying and Selling

In related news, COO Jeffrey E. Williams sold 35,493 shares of the stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 390,059 shares of the company’s stock, valued at approximately $87,377,116.59. This represents a 8.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kevan Parekh sold 4,570 shares of the firm’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total transaction of $941,420.00. Following the sale, the chief financial officer now owns 4,569 shares in the company, valued at approximately $941,214. The trade was a 50.01 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 187,021 shares of company stock valued at $41,760,140. 0.06% of the stock is owned by company insiders.

Apple Stock Performance

AAPL opened at $212.50 on Thursday. The company’s 50 day moving average is $213.66 and its 200 day moving average is $228.95. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The company has a market cap of $3.19 trillion, a price-to-earnings ratio of 33.73, a PEG ratio of 2.44 and a beta of 1.26. Apple Inc. has a 12-month low of $169.11 and a 12-month 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 for the quarter, topping 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 research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

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.