Apple Inc. (NASDAQ:AAPL) is KLCM Advisors Inc.'s 8th Largest Position

KLCM Advisors Inc. decreased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 77,831 shares of the iPhone maker's stock after selling 1,380 shares during the quarter. Apple makes up 2.3% of KLCM Advisors Inc.'s holdings, making the stock its 8th largest holding. KLCM Advisors Inc.'s holdings in Apple were worth $19,490,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AAPL. Amara Financial LLC. bought a new position in Apple in the third quarter worth approximately $288,000. Silicon Valley Capital Partners grew its stake in Apple by 12.8% during the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker's stock worth $59,122,000 after buying an additional 28,799 shares during the last quarter. Catalyst Financial Partners LLC boosted its holdings in Apple by 4.2% in the third quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker's stock worth $22,505,000 after acquiring an additional 3,935 shares in the last quarter. Vestcor Inc increased its holdings in shares of Apple by 10.1% during the third quarter. Vestcor Inc now owns 375,539 shares of the iPhone maker's stock valued at $87,501,000 after acquiring an additional 34,414 shares in the last quarter. Finally, 5th Street Advisors LLC boosted its stake in Apple by 32.9% in the 3rd quarter. 5th Street Advisors LLC now owns 15,100 shares of the iPhone maker's stock worth $3,518,000 after purchasing an additional 3,736 shares in the last quarter. Institutional investors own 67.73% of the company's stock.

Insider Buying and Selling

In other Apple news, CEO Timothy D. Cook sold 108,136 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now owns 3,280,295 shares in the company, valued at approximately $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 can be accessed through this link. Also, SVP Katherine L. Adams sold 38,822 shares of the business's stock in a transaction that occurred on 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 transaction, the senior vice president now owns 179,158 shares of the company's stock, valued at approximately $40,072,269.86. This represents a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 182,451 shares of company stock valued at $40,818,720 in the last quarter. Company insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Redburn Partners set a $230.00 price objective on shares of Apple in a research note on Friday, January 31st. Oppenheimer lowered shares of Apple from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on shares of Apple from $270.00 to $245.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Raymond James raised their target price on shares of Apple to $250.00 and gave the stock a "buy" rating in a report on Friday, April 4th. Finally, Tigress Financial upped their price target on shares of Apple from $295.00 to $300.00 and gave the company a "strong-buy" rating in a report on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Apple presently has an average rating of "Moderate Buy" and an average price target of $233.88.

Apple Stock Down 0.0 %

Shares of AAPL traded down $0.05 during midday trading on Friday, hitting $208.32. The company had a trading volume of 24,722,624 shares, compared to its average volume of 56,689,747. The stock has a market cap of $3.13 trillion, a price-to-earnings ratio of 33.04, a PEG ratio of 2.44 and a beta of 1.26. Apple Inc. has a 52 week low of $168.15 and a 52 week high of $260.10. The company's 50 day moving average price is $216.41 and its 200 day moving average price is $229.42. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, equities research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently declared 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 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 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.