Apple Inc. (NASDAQ:AAPL) Shares Sold by Bank Hapoalim BM

Bank Hapoalim BM cut its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,043 shares of the iPhone maker's stock after selling 3,579 shares during the period. Apple accounts for 1.5% of Bank Hapoalim BM's holdings, making the stock its 25th biggest holding. Bank Hapoalim BM's holdings in Apple were worth $9,026,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AAPL. State Street Corp lifted its position in shares of Apple by 10.6% during the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker's stock valued at $136,074,372,000 after buying an additional 55,935,105 shares during the last quarter. FMR LLC grew its position in shares of Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker's stock worth $84,779,231,000 after buying an additional 18,224,005 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Apple by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker's stock worth $77,542,863,000 after acquiring an additional 20,483,787 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Apple by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker's stock valued at $22,121,656,000 after acquiring an additional 5,893,741 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Apple by 20,372.7% in the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker's stock valued at $219,829,700,000 after acquiring an additional 93,886,664 shares in the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

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Apple Stock Performance

AAPL traded down $14.81 on Friday, reaching $188.38. The stock had a trading volume of 125,530,035 shares, compared to its average volume of 55,311,458. The business's 50-day moving average price is $230.14 and its two-hundred day moving average price is $233.15. The company has a market cap of $2.83 trillion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. Apple Inc. has a 12-month low of $164.08 and a 12-month 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.

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

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. Apple's dividend payout ratio (DPR) is 15.87%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Tigress Financial increased their price objective on Apple from $295.00 to $300.00 and gave the company a "strong-buy" rating in a report on Thursday. Rosenblatt Securities reissued a "buy" rating and issued a $263.00 price target on shares of Apple in a report on Thursday. Sanford C. Bernstein boosted their price target on Apple from $240.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. UBS Group increased their price objective on shares of Apple to $236.00 and gave the company a "hold" rating in a research report on Tuesday, February 25th. Finally, Jefferies Financial Group reissued an "underperform" rating on shares of Apple in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and a consensus target price of $245.26.

Insider Activity at Apple

In other news, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction dated 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 sale, the chief executive officer now owns 3,280,295 shares in the company, valued at $733,637,976.75. This trade represents a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 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 approximately $40,072,269.86. This trade represents a 17.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 182,451 shares of company stock valued at $40,818,720. 0.06% of the stock is owned by company 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.