Apple Inc. (NASDAQ:AAPL) is L.M. Kohn & Company's Largest Position

L.M. Kohn & Company lessened its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 171,849 shares of the iPhone maker's stock after selling 2,223 shares during the quarter. Apple makes up 11.1% of L.M. Kohn & Company's holdings, making the stock its biggest holding. L.M. Kohn & Company's holdings in Apple were worth $43,034,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AAPL. Drystone LLC acquired a new position in Apple in the 4th quarter valued at approximately $25,000. Bull Oak Capital LLC grew its stake in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after purchasing an additional 111 shares during the last quarter. Life Planning Partners Inc acquired a new stake in Apple in the fourth quarter valued at $47,000. SPX Gestao de Recursos Ltda bought a new position in Apple during the 3rd quarter worth $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new position in Apple during the 3rd quarter worth $77,000. Institutional investors own 67.73% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AAPL. Raymond James increased their price target on Apple to $250.00 and gave the company a "buy" rating in a research note on Friday, April 4th. Loop Capital downgraded shares of Apple from a "buy" rating to a "hold" rating and set a $230.00 target price for the company. in a research report on Tuesday, January 21st. Argus upgraded shares of Apple to a "strong-buy" rating in a report on Friday, January 31st. Maxim Group upped their price objective on shares of Apple to $215.00 and gave the company a "hold" rating in a research note on Friday, February 21st. Finally, TD Cowen reiterated a "buy" rating on shares of Apple in a research report on Tuesday, January 28th. Two equities research 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 an average rating of "Moderate Buy" and a consensus target price of $234.17.

Apple Stock Up 2.4 %

NASDAQ:AAPL traded up $4.83 during trading hours on Wednesday, hitting $204.57. 52,841,089 shares of the company traded hands, compared to its average volume of 56,789,207. Apple Inc. has a one year low of $164.92 and a one year high of $260.10. 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 company has a market cap of $3.07 trillion, a PE ratio of 32.47, a PEG ratio of 2.44 and a beta of 1.26. The firm's 50-day simple moving average is $217.94 and its 200-day simple moving average is $229.69.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping analysts' consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Equities analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors 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 dividend on an annualized basis and a yield of 0.49%. Apple's dividend payout ratio (DPR) is presently 15.87%.

Insiders Place Their Bets

In related news, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 3,280,295 shares of the company's stock, valued at approximately $733,637,976.75. This trade represents a 3.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 35,493 shares of the company's 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 sale, the chief operating officer now directly owns 390,059 shares in the company, valued at approximately $87,377,116.59. This trade represents a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 182,451 shares of company stock valued at $40,818,720. Company 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.