Apple Inc. (NASDAQ:AAPL) Stake Cut by Windward Capital Management Co. CA

Windward Capital Management Co. CA lessened its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,010,180 shares of the iPhone maker's stock after selling 14,039 shares during the quarter. Apple makes up 19.3% of Windward Capital Management Co. CA's holdings, making the stock its biggest position. Windward Capital Management Co. CA's holdings in Apple were worth $252,969,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in shares of Apple by 20,372.7% during the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker's stock valued at $219,829,700,000 after buying an additional 93,886,664 shares in the last quarter. State Street Corp increased its holdings in Apple by 10.6% in the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker's stock worth $136,074,372,000 after acquiring an additional 55,935,105 shares in the last quarter. Geode Capital Management LLC raised its position in Apple by 6.5% during 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 acquiring an additional 20,483,787 shares during the period. FMR LLC increased its stake in shares of Apple by 5.3% during 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. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Apple by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker's stock worth $22,121,656,000 after purchasing an additional 5,893,741 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

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Apple Stock Down 7.3 %

AAPL traded down $14.81 during trading hours on Friday, hitting $188.38. 125,530,035 shares of the company's stock were exchanged, compared to its average volume of 55,311,458. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The firm has a market cap of $2.83 trillion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The firm has a 50 day moving average of $230.14 and a 200 day moving average of $233.15.

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

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Monday, February 10th. Apple's dividend payout ratio (DPR) is presently 15.87%.

Insider Buying and Selling at Apple

In other news, COO Jeffrey E. Williams sold 35,493 shares of the stock in a transaction dated 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 transaction, the chief operating officer now owns 390,059 shares in the company, valued at approximately $87,377,116.59. This represents a 8.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 transaction of $8,683,316.74. Following the sale, the senior vice president now owns 179,158 shares of the company's stock, valued at $40,072,269.86. This represents a 17.81 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 182,451 shares of company stock valued at $40,818,720. Insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

AAPL has been the topic of several research analyst reports. Barclays lifted their price objective on Apple from $183.00 to $197.00 and gave the stock an "underweight" rating in a report on Friday, January 31st. Argus raised Apple to a "strong-buy" rating in a research note on Friday, January 31st. Wells Fargo & Company lifted their target price on shares of Apple to $275.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Bank of America reduced their target price on shares of Apple from $265.00 to $250.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Evercore ISI increased their price objective on shares of Apple from $260.00 to $275.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Four analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Apple currently has a consensus rating of "Moderate Buy" and an average price target of $245.26.

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.