Rational Advisors LLC Sells 3,792 Shares of Apple Inc. (NASDAQ:AAPL)

Rational Advisors LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 16.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,521 shares of the iPhone maker's stock after selling 3,792 shares during the quarter. Rational Advisors LLC's holdings in Apple were worth $4,888,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AAPL. Catalyst Capital Advisors LLC boosted its stake in shares of Apple by 10.6% during the 4th quarter. Catalyst Capital Advisors LLC now owns 22,261 shares of the iPhone maker's stock worth $5,575,000 after acquiring an additional 2,131 shares during the last quarter. Retirement Income Solutions Inc raised its position in shares of Apple by 4.6% during the 4th quarter. Retirement Income Solutions Inc now owns 21,444 shares of the iPhone maker's stock valued at $5,370,000 after buying an additional 941 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Apple by 4.0% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 5,575,218 shares of the iPhone maker's stock valued at $1,396,146,000 after purchasing an additional 213,180 shares during the last quarter. Americana Partners LLC raised its stake in shares of Apple by 114.4% in the fourth quarter. Americana Partners LLC now owns 398,824 shares of the iPhone maker's stock valued at $99,873,000 after acquiring an additional 212,762 shares during the period. Finally, Philip James Wealth Mangement LLC lifted its stake in Apple by 3.3% in the fourth quarter. Philip James Wealth Mangement LLC now owns 21,703 shares of the iPhone maker's stock worth $5,435,000 after purchasing an additional 685 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Insider Transactions at Apple

In other news, SVP Katherine L. Adams sold 38,822 shares of Apple stock in a transaction that occurred on 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. This trade represents a 17.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy D. Cook sold 108,136 shares of the stock in a transaction dated 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 transaction, the chief executive officer now 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 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 over the last 90 days. 0.06% of the stock is owned by company insiders.

Apple Price Performance

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

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results 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 net margin of 24.30% and a return on equity of 160.83%. Analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date 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 currently 15.87%.

Analysts Set New Price Targets

A number of brokerages have commented on AAPL. TD Cowen restated a "buy" rating on shares of Apple in a research note on Tuesday, January 28th. DA Davidson lowered their target price on shares of Apple from $290.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Barclays increased their price objective on shares of Apple from $183.00 to $197.00 and gave the company an "underweight" rating in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a "buy" rating and set a $225.00 price target on shares of Apple in a research report on Monday, April 14th. Finally, The Goldman Sachs Group dropped their target price on Apple from $259.00 to $256.00 and set a "buy" rating on the stock in a research report on Wednesday. Two investment 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 stock. According to data from MarketBeat, Apple presently has an average rating of "Moderate Buy" and an average price target of $233.88.

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.