Apple Inc. (NASDAQ:AAPL) Shares Sold by Moser Wealth Advisors LLC

Moser Wealth Advisors LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,867 shares of the iPhone maker's stock after selling 2,455 shares during the period. Apple accounts for approximately 8.2% of Moser Wealth Advisors LLC's holdings, making the stock its 2nd biggest holding. Moser Wealth Advisors LLC's holdings in Apple were worth $15,743,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AAPL. Amara Financial LLC. purchased a new stake in shares of Apple in the 3rd quarter worth $288,000. Sterling Investment Counsel LLC boosted its holdings in shares of Apple by 3.8% in the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker's stock valued at $16,269,000 after buying an additional 2,565 shares in the last quarter. Silicon Valley Capital Partners grew its holdings in Apple by 12.8% in the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker's stock worth $59,122,000 after purchasing an additional 28,799 shares during the last quarter. Catalyst Financial Partners LLC increased its position in Apple by 4.2% during the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker's stock valued at $22,505,000 after buying an additional 3,935 shares in the last quarter. Finally, Narwhal Capital Management increased its holdings in shares of Apple by 2.5% during the third quarter. Narwhal Capital Management now owns 276,791 shares of the iPhone maker's stock valued at $64,492,000 after acquiring an additional 6,711 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Loop Capital lowered Apple from a "buy" rating to a "hold" rating and set a $230.00 target price on the stock. in a research report on Tuesday, January 21st. Evercore ISI increased their price target on Apple from $260.00 to $275.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. The Goldman Sachs Group reiterated a "buy" rating on shares of Apple in a report on Wednesday, February 19th. Needham & Company LLC reiterated a "buy" rating and set a $225.00 price objective on shares of Apple in a research report on Monday. Finally, Sanford C. Bernstein increased their target price on shares of Apple from $240.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Apple presently has a consensus rating of "Moderate Buy" and a consensus target price of $235.85.

Insider Activity at Apple

In other news, CEO Timothy D. Cook sold 108,136 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the transaction, the chief executive officer now directly owns 3,280,295 shares of the company's stock, valued at approximately $733,637,976.75. This represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 35,493 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total value of $7,950,786.93. Following the completion of the sale, the chief operating officer now directly owns 390,059 shares in the company, valued at $87,377,116.59. This represents a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 182,451 shares of company stock valued at $40,818,720. Corporate insiders own 0.06% of the company's stock.

Apple Stock Down 0.5 %

Shares of AAPL stock traded down $0.97 during mid-day trading on Tuesday, reaching $201.55. 10,549,650 shares of the company were exchanged, compared to its average volume of 56,782,925. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The business's 50 day simple moving average is $222.27 and its 200 day simple moving average is $230.99. The company has a market capitalization of $3.03 trillion, a P/E ratio of 31.92, a P/E/G ratio of 2.44 and a beta of 1.26. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last issued its 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 earnings per share 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 issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.50%. Apple's dividend payout ratio (DPR) is 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.