Apple Inc. (NASDAQ:AAPL) Stock Position Cut by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,609,994 shares of the iPhone maker's stock after selling 10,058 shares during the period. Apple accounts for about 1.8% of Allspring Global Investments Holdings LLC's holdings, making the stock its 3rd biggest holding. Allspring Global Investments Holdings LLC's holdings in Apple were worth $1,125,222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. O Connor Financial Group LLC increased its position in Apple by 1.2% during the 4th quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker's stock worth $896,000 after buying an additional 41 shares during the period. 1620 Investment Advisors Inc. grew its stake in shares of Apple by 0.5% in the third quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker's stock valued at $2,249,000 after acquiring an additional 45 shares in the last quarter. Carolina Wealth Advisors LLC increased its position in Apple by 1.3% during the third quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker's stock worth $813,000 after acquiring an additional 46 shares during the period. Menard Financial Group LLC raised its stake in Apple by 0.4% in the 3rd quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker's stock worth $2,848,000 after purchasing an additional 48 shares in the last quarter. Finally, Hanseatic Management Services Inc. boosted its holdings in Apple by 1.3% in the 4th quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker's stock valued at $945,000 after purchasing an additional 48 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In related news, CEO Timothy D. Cook sold 108,136 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total value of $24,184,616.40. Following the sale, the chief executive officer now owns 3,280,295 shares in the company, valued at $733,637,976.75. This represents a 3.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Katherine L. Adams sold 38,822 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the completion of the transaction, the senior vice president now owns 179,158 shares in the company, valued at approximately $40,072,269.86. The trade was a 17.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 182,451 shares of company stock worth $40,818,720. 0.06% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on AAPL. Maxim Group raised their target price on shares of Apple to $215.00 and gave the stock a "hold" rating in a report on Friday, February 21st. Jefferies Financial Group upgraded Apple from an "underperform" rating to a "hold" rating and decreased their target price for the company from $202.33 to $167.88 in a research report on Wednesday, April 9th. Loop Capital cut Apple from a "buy" rating to a "hold" rating and set a $230.00 price target for the company. in a research note on Tuesday, January 21st. Sanford C. Bernstein lifted their target price on shares of Apple from $240.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Finally, Tigress Financial upped their price target on Apple from $295.00 to $300.00 and gave the company a "strong-buy" rating in a research report on Thursday, April 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $235.85.

Apple Stock Up 1.3 %

NASDAQ AAPL traded up $2.52 on Friday, reaching $196.79. The company had a trading volume of 51,328,536 shares, compared to its average volume of 56,825,645. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $2.96 trillion, a P/E ratio of 31.24, a P/E/G ratio of 2.44 and a beta of 1.26. The company's fifty day moving average is $219.65 and its 200 day moving average is $230.10. Apple Inc. has a 52-week low of $164.77 and a 52-week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating 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%. Sell-side analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given 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 dividend yield of 0.51%. Apple's dividend payout ratio is currently 15.87%.

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.