Apple Inc. (NASDAQ:AAPL) Stock Holdings Cut by DeDora Capital Inc.

DeDora Capital Inc. decreased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,561 shares of the iPhone maker's stock after selling 1,384 shares during the period. Apple comprises 4.1% of DeDora Capital Inc.'s portfolio, making the stock its 7th biggest position. DeDora Capital Inc.'s holdings in Apple were worth $14,915,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Amara Financial LLC. acquired a new stake in shares of Apple in the third quarter valued at $288,000. Sterling Investment Counsel LLC raised its stake in shares of Apple by 3.8% during the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker's stock worth $16,269,000 after buying an additional 2,565 shares during the last quarter. Silicon Valley Capital Partners grew its stake in shares of Apple by 12.8% during the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker's stock worth $59,122,000 after purchasing an additional 28,799 shares during the period. Catalyst Financial Partners LLC increased its stake in shares of Apple by 4.2% in the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker's stock valued at $22,505,000 after acquiring an additional 3,935 shares during the last quarter. Finally, Narwhal Capital Management raised its holdings in Apple by 2.5% in the third quarter. Narwhal Capital Management now owns 276,791 shares of the iPhone maker's stock worth $64,492,000 after purchasing an additional 6,711 shares during the period. Institutional investors own 67.73% of the company's stock.

Insiders Place Their Bets

In other Apple news, COO Jeffrey E. Williams sold 35,493 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the completion of the transaction, the chief operating officer now directly owns 390,059 shares in the company, valued at $87,377,116.59. The trade was a 8.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Katherine L. Adams sold 38,822 shares of the firm's stock in a transaction 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 completion of the sale, the senior vice president now directly owns 179,158 shares in the company, valued at approximately $40,072,269.86. This represents a 17.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 182,451 shares of company stock worth $40,818,720 in the last 90 days. Company insiders own 0.06% of the company's stock.

Apple Stock Performance

AAPL traded up $2.52 during trading on Friday, hitting $196.79. The stock had a trading volume of 51,328,536 shares, compared to its average volume of 56,825,645. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The firm has a market cap of $2.96 trillion, a price-to-earnings ratio of 31.24, a P/E/G ratio of 2.44 and a beta of 1.26. The company has a 50 day moving average price of $219.65 and a 200-day moving average price of $230.08. Apple Inc. has a one year low of $164.77 and a one year high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly 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%. As a group, research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued 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 presently 15.87%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AAPL shares. UBS Group boosted their price objective on Apple to $236.00 and gave the company a "buy" rating in a research report on Monday, April 14th. The Goldman Sachs Group reiterated a "buy" rating on shares of Apple in a report on Wednesday, February 19th. Wedbush dropped their price objective on shares of Apple from $325.00 to $250.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Raymond James upped their target price on shares of Apple to $250.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $225.00 target price on shares of Apple in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-two have assigned a buy rating and two have issued 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 $235.85.

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.