Apple Inc. (NASDAQ:AAPL) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC decreased its position in Apple Inc. (NASDAQ:AAPLFree Report) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,263 shares of the iPhone maker’s stock after selling 1,150 shares during the quarter. Apple accounts for about 1.4% of Legato Capital Management LLC’s investment portfolio, making the stock its largest holding. Legato Capital Management LLC’s holdings in Apple were worth $11,025,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC boosted its stake in shares of Apple by 116,483.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock valued at $74,002,245,000 after buying an additional 569,066,184 shares during the last quarter. Norges Bank purchased a new position in shares of Apple during the 4th quarter valued at approximately $21,746,940,000. Morgan Stanley boosted its stake in shares of Apple by 14.2% during the 4th quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock valued at $27,110,586,000 after buying an additional 25,926,552 shares during the last quarter. Barclays PLC boosted its stake in shares of Apple by 60.0% during the 2nd quarter. Barclays PLC now owns 46,932,352 shares of the iPhone maker’s stock valued at $9,103,464,000 after buying an additional 17,604,799 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of Apple by 154.9% during the 2nd quarter. Osaic Holdings Inc. now owns 23,295,770 shares of the iPhone maker’s stock valued at $1,729,270,000 after buying an additional 14,157,430 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Trading Up 0.5 %

NASDAQ:AAPL opened at $169.65 on Thursday. Apple Inc. has a 1-year low of $159.78 and a 1-year high of $199.62. The firm has a market capitalization of $2.62 trillion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 2.05 and a beta of 1.27. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. The stock has a fifty day simple moving average of $179.75 and a 200 day simple moving average of $182.55.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The firm had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.88 EPS. Sell-side analysts forecast that Apple Inc. will post 6.55 earnings per share for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.57%. Apple’s dividend payout ratio is 14.95%.

Wall Street Analyst Weigh In

AAPL has been the subject of several research analyst reports. Redburn Partners cut Apple to a “neutral” rating and set a $200.00 target price for the company. in a research note on Wednesday, January 10th. Oppenheimer restated an “outperform” rating and set a $200.00 price objective on shares of Apple in a research note on Friday, February 2nd. Piper Sandler Companies cut Apple to a “neutral” rating and reduced their price objective for the stock from $220.00 to $205.00 in a research note on Thursday, January 4th. Robert W. Baird raised their price objective on Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Finally, Redburn Atlantic cut Apple from a “buy” rating to a “neutral” rating and set a $200.00 price objective on the stock. in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus target price of $204.23.

Check Out Our Latest Research Report on AAPL

Insider Activity

In other news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the sale, the director now directly owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the transaction, the senior vice president now directly owns 136,572 shares in the company, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders sold a total of 253,915 shares of company stock worth $44,202,868 in the last three months. 0.06% of the stock is owned by insiders.

Apple Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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