Apple Inc. (NASDAQ:AAPL) Shares Sold by Tanager Wealth Management LLP

Tanager Wealth Management LLP cut its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 14.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,411 shares of the iPhone maker's stock after selling 13,231 shares during the period. Apple makes up about 2.5% of Tanager Wealth Management LLP's holdings, making the stock its 13th largest holding. Tanager Wealth Management LLP's holdings in Apple were worth $19,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in AAPL. Amara Financial LLC. acquired a new stake in shares of Apple during the 3rd quarter worth approximately $288,000. Sterling Investment Counsel LLC grew its position in Apple by 3.8% in the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker's stock worth $16,269,000 after acquiring an additional 2,565 shares during the period. Silicon Valley Capital Partners raised its position in Apple by 12.8% in the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker's stock valued at $59,122,000 after purchasing an additional 28,799 shares during the period. Catalyst Financial Partners LLC lifted 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 purchasing an additional 3,935 shares during the last quarter. Finally, Narwhal Capital Management grew its holdings in shares of Apple by 2.5% during the 3rd 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 and hedge funds own 67.73% of the company's stock.

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Analyst Ratings Changes

AAPL has been the topic of several research analyst reports. Needham & Company LLC restated a "buy" rating and issued a $260.00 price objective on shares of Apple in a report on Friday. Morgan Stanley reduced their price target on shares of Apple from $275.00 to $252.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 12th. UBS Group increased their price objective on shares of Apple to $236.00 and gave the stock a "hold" rating in a research report on Tuesday, February 25th. Tigress Financial boosted their target price on Apple from $295.00 to $300.00 and gave the company a "strong-buy" rating in a research report on Thursday. Finally, KeyCorp restated an "underweight" rating and set a $200.00 price target on shares of Apple in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Apple currently has an average rating of "Moderate Buy" and an average target price of $245.26.

Apple Stock Down 7.3 %

Shares of NASDAQ AAPL traded down $14.81 during mid-day trading on Friday, reaching $188.38. The company had a trading volume of 125,530,035 shares, compared to its average volume of 55,311,458. The firm has a 50 day simple moving average of $230.14 and a two-hundred day simple moving average of $233.15. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock has a market cap of $2.83 trillion, a P/E ratio of 29.90, a PEG ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (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%. Sell-side analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The company also recently declared 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. This represents a $1.00 annualized dividend and a yield of 0.53%. The ex-dividend date was Monday, February 10th. Apple's dividend payout ratio (DPR) is 15.87%.

Insider Buying and Selling at Apple

In other news, COO Jeffrey E. Williams sold 35,493 shares of the stock in a transaction dated 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 sale, the chief operating officer now owns 390,059 shares in the company, valued at approximately $87,377,116.59. This represents a 8.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Katherine L. Adams sold 38,822 shares of the 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 sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 182,451 shares of company stock worth $40,818,720. 0.06% of the stock is owned by insiders.

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.