Aviso Financial Inc. Sells 134 Shares of Apple Inc. (NASDAQ:AAPL)

Aviso Financial Inc. lowered its position in Apple Inc. (NASDAQ:AAPL) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,528 shares of the iPhone maker’s stock after selling 134 shares during the period. Aviso Financial Inc.’s holdings in Apple were worth $15,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in AAPL. Drystone LLC bought a new stake in shares of Apple during the fourth quarter valued at approximately $25,000. Life Planning Partners Inc bought a new stake in shares of Apple during the fourth quarter valued at approximately $47,000. SPX Gestao de Recursos Ltda bought a new stake in shares of Apple during the third quarter valued at approximately $71,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple during the third quarter valued at approximately $77,000. Finally, Pillar Financial Advisors LLC bought a new stake in shares of Apple during the fourth quarter valued at approximately $82,000. Institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on AAPL. Wedbush reaffirmed an “outperform” rating and set a $270.00 price target on shares of Apple in a research note on Friday, May 16th. Loop Capital cut their price objective on shares of Apple from $230.00 to $215.00 and set a “hold” rating on the stock in a report on Wednesday, April 30th. UBS Group cut their price objective on shares of Apple from $236.00 to $210.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. Redburn Partners set a $230.00 price objective on shares of Apple in a report on Friday, January 31st. Finally, Barclays cut their price objective on shares of Apple from $197.00 to $173.00 and set an “underweight” rating on the stock in a report on Wednesday, April 30th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average price target of $235.80.

Insider Activity

In related news, insider Chris Kondo sold 4,486 shares of the business’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $208.19, for a total transaction of $933,940.34. Following the completion of the transaction, the insider now directly owns 15,533 shares in the company, valued at $3,233,815.27. The trade was a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 108,136 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 3,280,295 shares of the company’s stock, valued at $733,637,976.75. This represents a 3.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 191,507 shares of company stock valued at $42,694,080 over the last ninety days. 0.06% of the stock is currently owned by insiders.

Apple Price Performance

Shares of AAPL opened at $195.27 on Friday. The firm has a market capitalization of $2.92 trillion, a PE ratio of 31.00, a price-to-earnings-growth ratio of 2.44 and a beta of 1.27. 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 Inc. has a 1-year low of $169.21 and a 1-year high of $260.10. The company’s fifty day moving average price is $205.04 and its 200-day moving average price is $225.92.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.03. The firm had revenue of $95.36 billion for the quarter, compared to analyst estimates of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 160.83%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.53 earnings per share. On average, equities research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 12th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, May 12th. This is a positive change from Apple’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.53%. Apple’s payout ratio is 16.20%.

Apple declared that its board has initiated a share repurchase plan on Thursday, May 1st that allows the company to buyback $100.00 billion in shares. This buyback authorization allows the iPhone maker to repurchase up to 3.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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.