Apple Inc. (NASDAQ:AAPL) Stock Holdings Trimmed by Northern Capital Management Inc.

Northern Capital Management Inc. lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,198 shares of the iPhone maker’s stock after selling 92 shares during the period. Apple makes up approximately 2.0% of Northern Capital Management Inc.’s portfolio, making the stock its 6th biggest holding. Northern Capital Management Inc.’s holdings in Apple were worth $3,305,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AAPL. State Street Corp raised its stake in Apple by 10.6% during the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after purchasing an additional 55,935,105 shares during the period. Proficio Capital Partners LLC increased its stake in Apple by 23,555.4% during the 4th quarter. Proficio Capital Partners LLC now owns 21,055,240 shares of the iPhone maker’s stock worth $5,272,653,000 after buying an additional 20,966,232 shares during the period. Geode Capital Management LLC increased its stake in Apple by 6.5% during the 3rd 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 during the period. FMR LLC increased its stake in 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 buying an additional 18,224,005 shares during the period. Finally, Strategic Financial Concepts LLC grew its holdings in Apple by 25,285.2% during the 4th quarter. Strategic Financial Concepts LLC now owns 9,628,864 shares of the iPhone maker’s stock worth $2,411,260,000 after acquiring an additional 9,590,933 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, SVP Katherine L. Adams sold 38,822 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total value of $8,683,316.74. Following the transaction, the senior vice president now owns 179,158 shares in the company, valued at approximately $40,072,269.86. This represents a 17.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy D. Cook sold 108,136 shares of the 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 owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. This trade represents a 3.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 191,507 shares of company stock worth $42,694,080. 0.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on AAPL shares. JPMorgan Chase & Co. decreased their price objective 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 decreased 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. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $170.62 price target (up from $167.88) on shares of Apple in a report on Friday, May 2nd. Barclays decreased their price target on shares of Apple from $197.00 to $173.00 and set an “underweight” rating for the company in a report on Wednesday, April 30th. Finally, 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 research report on Wednesday, April 23rd. Four equities 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $235.80.

Apple Stock Down 3.0%

Apple stock opened at $195.27 on Monday. The firm has a market cap of $2.92 trillion, a PE ratio of 31.00, a P/E/G ratio of 2.44 and a beta of 1.27. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm’s 50 day moving average price is $205.04 and its two-hundred day moving average price is $225.94. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, beating the consensus estimate 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 company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.53 EPS. On average, research analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple declared that its Board of Directors has approved a stock buyback program on Thursday, May 1st that allows the company to buyback $100.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Apple Increases Dividend

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

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.