Apple Inc. (NASDAQ:AAPL) Shares Sold by Autumn Glory Partners LLC

Autumn Glory Partners LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 25.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,375 shares of the iPhone maker's stock after selling 4,558 shares during the quarter. Apple makes up 1.6% of Autumn Glory Partners LLC's holdings, making the stock its 12th biggest holding. Autumn Glory Partners LLC's holdings in Apple were worth $3,349,000 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 the stock. Drystone LLC acquired a new stake in Apple in the fourth quarter valued at $25,000. Bull Oak Capital LLC grew its position in shares of Apple by 252.3% in the 3rd 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 last quarter. SPX Gestao de Recursos Ltda bought a new stake in shares of Apple in the 3rd quarter valued at about $71,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple in the third quarter valued at about $77,000. Finally, ARK Investment Management LLC bought a new position in shares of Apple during the third quarter worth about $110,000. Institutional investors own 67.73% of the company's stock.

Insider Transactions at Apple

In related news, CEO Timothy D. Cook sold 108,136 shares of the business'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 completion of the transaction, the chief executive officer now directly owns 3,280,295 shares in the company, valued at $733,637,976.75. The trade was a 3.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Katherine L. Adams sold 38,822 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total value of $8,683,316.74. Following the completion of the transaction, the senior vice president now directly owns 179,158 shares of the company's stock, valued at $40,072,269.86. The trade was a 17.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 182,451 shares of company stock worth $40,818,720 over the last 90 days. 0.06% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AAPL has been the topic of several recent analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $263.00 target price on shares of Apple in a report on Thursday, April 3rd. Sanford C. Bernstein raised their price objective on shares of Apple from $240.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. TD Cowen reaffirmed a "buy" rating on shares of Apple in a research report on Tuesday, January 28th. JPMorgan Chase & Co. lowered their target price on Apple from $270.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, Monness Crespi & Hardt increased their price target on shares of Apple to $245.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $235.85.

Apple Stock Up 1.3 %

Shares of AAPL stock traded up $2.52 during trading hours on Friday, reaching $196.79. 51,328,536 shares of the company's stock were exchanged, compared to its average volume of 56,825,645. The stock's fifty day moving average price is $219.65 and its two-hundred day moving average price is $230.08. The stock has a market cap of $2.96 trillion, a PE ratio of 31.24, a PEG ratio of 2.44 and a beta of 1.26. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple Inc. has a 1 year low of $164.77 and a 1 year high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Research analysts predict that Apple Inc. will post 7.28 EPS for the current 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 given a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.51%. Apple's dividend payout ratio is currently 15.87%.

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.