Raelipskie Partnership Has $5.85 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Raelipskie Partnership cut its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 6.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,360 shares of the iPhone maker's stock after selling 1,564 shares during the period. Apple makes up approximately 2.9% of Raelipskie Partnership's investment portfolio, making the stock its 11th largest position. Raelipskie Partnership's holdings in Apple were worth $5,850,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Drystone LLC bought a new position in shares of Apple in the fourth quarter worth $25,000. Life Planning Partners Inc acquired a new stake in Apple during the fourth quarter worth about $47,000. SPX Gestao de Recursos Ltda bought a new position in Apple in the 3rd quarter valued at about $71,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple in the 3rd quarter valued at approximately $77,000. Finally, ARK Investment Management LLC bought a new stake in shares of Apple during the 3rd quarter worth approximately $110,000. 67.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

AAPL has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Apple from $270.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Oppenheimer lowered Apple from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 29th. TD Cowen reissued a "buy" rating on shares of Apple in a report on Tuesday, January 28th. DA Davidson lowered their price objective on shares of Apple from $290.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Tigress Financial raised their target price on shares of Apple from $295.00 to $300.00 and gave the company a "strong-buy" rating in a research report on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $234.17.

Insiders Place Their Bets

In other Apple news, CEO Timothy D. Cook sold 108,136 shares of the 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 completion of 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 completion of the transaction, the senior vice president now owns 179,158 shares in the company, 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 valued at $40,818,720 in the last three months. 0.06% of the stock is currently owned by insiders.

Apple Trading Up 2.4 %

AAPL opened at $204.57 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a fifty-two week low of $166.21 and a fifty-two week high of $260.10. The firm has a market capitalization of $3.07 trillion, a PE ratio of 32.47, a P/E/G ratio of 2.44 and a beta of 1.26. The company's 50-day moving average is $217.14 and its 200 day moving average is $229.52.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping 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%. As a group, research analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Monday, February 10th. Apple's dividend payout ratio (DPR) is presently 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.

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