Apple Inc. (NASDAQ:AAPL) is Csenge Advisory Group's 7th Largest Position

Csenge Advisory Group cut its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 13.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 182,006 shares of the iPhone maker's stock after selling 29,068 shares during the period. Apple comprises approximately 2.5% of Csenge Advisory Group's investment portfolio, making the stock its 7th biggest holding. Csenge Advisory Group's holdings in Apple were worth $45,578,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AAPL. Drystone LLC acquired a new position in shares of Apple in the 4th quarter valued at $25,000. Bull Oak Capital LLC grew its position in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock valued at $36,000 after buying an additional 111 shares during the period. SPX Gestao de Recursos Ltda purchased a new position in Apple in the third quarter valued at $71,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple in the third quarter worth about $77,000. Finally, ARK Investment Management LLC purchased a new stake in shares of Apple during the 3rd quarter worth about $110,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on AAPL. Sanford C. Bernstein lifted their price target on Apple from $240.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Oppenheimer downgraded Apple from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 29th. Redburn Partners set a $230.00 target price on Apple in a research report on Friday, January 31st. Moffett Nathanson reissued a "sell" rating and issued a $188.00 price target (down previously from $202.00) on shares of Apple in a report on Tuesday, January 7th. Finally, Evercore ISI increased their price objective on shares of Apple from $260.00 to $275.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $233.88.

Insider Buying and Selling

In other news, CEO Timothy D. Cook sold 108,136 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Katherine L. Adams sold 38,822 shares of the business's stock in a transaction on 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 transaction, the senior vice president now owns 179,158 shares of the company's stock, 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. Insiders sold 182,451 shares of company stock worth $40,818,720 over the last 90 days. 0.06% of the stock is owned by insiders.

Apple Stock Up 1.4 %

Shares of NASDAQ:AAPL traded up $2.87 during trading on Thursday, hitting $207.47. The company's stock had a trading volume of 24,372,930 shares, compared to its average volume of 56,694,602. The company has a market capitalization of $3.12 trillion, a PE ratio of 32.96, a P/E/G ratio of 2.44 and a beta of 1.26. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a fifty-two week low of $166.21 and a fifty-two week high of $260.10. The business has a 50 day moving average price of $217.14 and a two-hundred day moving average price of $229.52.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, research analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.48%. Apple's dividend payout ratio (DPR) is 15.87%.

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.