Apple Inc. (NASDAQ:AAPL) Shares Sold by Evergreen Wealth Management LLC

Evergreen Wealth Management LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 10.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,857 shares of the iPhone maker's stock after selling 1,509 shares during the quarter. Apple accounts for approximately 1.9% of Evergreen Wealth Management LLC's investment portfolio, making the stock its 20th biggest position. Evergreen Wealth Management LLC's holdings in Apple were worth $3,220,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of AAPL. Drystone LLC acquired a new stake in Apple in the 4th quarter valued at about $25,000. SPX Gestao de Recursos Ltda purchased a new position in Apple in the third quarter worth approximately $71,000. Teachers Insurance & Annuity Association of America acquired a new position in Apple during the 3rd quarter worth approximately $77,000. ARK Investment Management LLC purchased a new position in Apple in the third quarter valued at $110,000. Finally, Collier Financial acquired a new stake in shares of Apple during the 4th quarter worth about $140,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AAPL. Sanford C. Bernstein increased their target price on shares of Apple from $240.00 to $260.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Bank of America dropped their price target on Apple from $265.00 to $250.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Maxim Group lifted their price target on Apple to $215.00 and gave the stock a "hold" rating in a research report on Friday, February 21st. Wedbush lowered their target price on shares of Apple from $325.00 to $250.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Finally, TD Cowen reaffirmed a "buy" rating on shares of Apple in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $234.17.

Apple Trading Up 2.4 %

Shares of Apple stock opened at $204.57 on Thursday. Apple Inc. has a fifty-two week low of $166.21 and a fifty-two week high of $260.10. The business's fifty day moving average is $217.14 and its two-hundred day moving average is $229.52. 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 firm has a market cap of $3.07 trillion, a PE ratio of 32.47, a P/E/G ratio of 2.44 and a beta of 1.26.

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

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.49%. Apple's dividend payout ratio is presently 15.87%.

Insider Buying and Selling

In other Apple news, SVP Katherine L. Adams sold 38,822 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were 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 $40,072,269.86. This trade represents a 17.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 35,493 shares of the business's stock in a transaction 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 sale, the chief operating officer now directly owns 390,059 shares of the company's stock, valued at $87,377,116.59. This represents a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 182,451 shares of company stock valued at $40,818,720. Insiders own 0.06% of the company's stock.

About Apple

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.

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