Day & Ennis LLC Sells 1,308 Shares of Apple Inc. (NASDAQ:AAPL)

Day & Ennis LLC decreased its stake in Apple Inc. (NASDAQ:AAPL) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,444 shares of the iPhone maker’s stock after selling 1,308 shares during the period. Apple accounts for approximately 5.6% of Day & Ennis LLC’s holdings, making the stock its 2nd largest position. Day & Ennis LLC’s holdings in Apple were worth $15,873,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AAPL. Moneta Group Investment Advisors LLC grew its holdings in shares of Apple by 116,483.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock valued at $74,002,245,000 after acquiring an additional 569,066,184 shares in the last quarter. Norges Bank bought a new position in shares of Apple in the 4th quarter valued at about $21,746,940,000. Morgan Stanley grew its holdings in shares of Apple by 14.2% in the 4th quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock valued at $27,110,586,000 after acquiring an additional 25,926,552 shares in the last quarter. Barclays PLC grew its holdings in shares of Apple by 60.0% in the 2nd quarter. Barclays PLC now owns 46,932,352 shares of the iPhone maker’s stock valued at $9,103,464,000 after acquiring an additional 17,604,799 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in Apple by 154.9% during the second quarter. Osaic Holdings Inc. now owns 23,295,770 shares of the iPhone maker’s stock worth $1,729,270,000 after purchasing an additional 14,157,430 shares during the period. Institutional investors own 60.41% of the company’s stock.

Apple Stock Up 0.9 %

Shares of AAPL opened at $176.55 on Friday. The firm has a 50 day simple moving average of $176.70 and a two-hundred day simple moving average of $182.22. The company has a market cap of $2.73 trillion, a P/E ratio of 27.50, a P/E/G ratio of 2.11 and a beta of 1.27. Apple Inc. has a one year low of $161.42 and a one year high of $199.62. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The firm had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.88 earnings per share. Research analysts forecast that Apple Inc. will post 6.55 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.54%. Apple’s payout ratio is presently 14.95%.

Insiders Place Their Bets

In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the sale, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the sale, the director now owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 99,183 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the sale, the chief executive officer now directly owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 253,915 shares of company stock valued at $44,202,868. 0.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Citigroup reiterated a “buy” rating and set a $225.00 price target on shares of Apple in a report on Friday, February 16th. Barclays reduced their price target on Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a report on Friday, February 2nd. Piper Sandler Companies cut Apple to a “neutral” rating and reduced their price target for the stock from $220.00 to $205.00 in a report on Thursday, January 4th. Wedbush reiterated an “outperform” rating and set a $250.00 price target on shares of Apple in a report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. reduced their price target on Apple from $215.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.08.

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.