Davidson Investment Advisors decreased its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 381,702 shares of the iPhone maker's stock after selling 3,947 shares during the period. Apple makes up about 4.6% of Davidson Investment Advisors' investment portfolio, making the stock its 4th largest holding. Davidson Investment Advisors' holdings in Apple were worth $95,586,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp lifted its stake in Apple by 10.6% in the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker's stock valued at $136,074,372,000 after acquiring an additional 55,935,105 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Apple by 6.5% in the third quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker's stock worth $77,542,863,000 after purchasing an additional 20,483,787 shares in the last quarter. FMR LLC lifted its position in shares of Apple by 5.3% in the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker's stock worth $84,779,231,000 after purchasing an additional 18,224,005 shares in the last quarter. Strategic Financial Concepts LLC boosted its holdings in Apple by 25,285.2% during the fourth quarter. Strategic Financial Concepts LLC now owns 9,628,864 shares of the iPhone maker's stock worth $2,411,260,000 after purchasing an additional 9,590,933 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Apple by 6.6% in 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 purchasing an additional 5,893,741 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other Apple news, CEO Timothy D. Cook sold 108,136 shares of the company's 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 transaction, the chief executive officer now owns 3,280,295 shares of the company's stock, valued at $733,637,976.75. This represents a 3.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Katherine L. Adams sold 38,822 shares of Apple stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total value of $8,683,316.74. Following the sale, the senior vice president now directly owns 179,158 shares in the company, valued at $40,072,269.86. The trade was a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 182,451 shares of company stock worth $40,818,720. Insiders own 0.06% of the company's stock.
Apple Stock Performance
NASDAQ:AAPL opened at $208.37 on Friday. 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 capitalization of $3.13 trillion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. Apple Inc. has a twelve month low of $168.15 and a twelve month high of $260.10. The stock's 50-day simple moving average is $216.41 and its 200 day simple moving average is $229.42.
Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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%. On average, analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders 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 annualized dividend and a dividend yield of 0.48%. Apple's dividend payout ratio (DPR) is presently 15.87%.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on AAPL shares. UBS Group reduced their price objective on shares of Apple from $236.00 to $210.00 and set a "neutral" rating for the company in a research note on Wednesday. China Renaissance assumed coverage on Apple in a research report on Tuesday. They set a "buy" rating and a $241.00 price target for the company. JPMorgan Chase & Co. lowered their price target on Apple from $270.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Raymond James increased their price objective on Apple to $250.00 and gave the company a "buy" rating in a report on Friday, April 4th. Finally, Loop Capital downgraded shares of Apple from a "buy" rating to a "hold" rating and set a $230.00 target price on the stock. in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Apple currently has an average rating of "Moderate Buy" and a consensus price target of $233.88.
Read Our Latest Analysis on Apple
About Apple
(
Free Report)
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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