Apple Inc. (NASDAQ:AAPL) Stock Holdings Decreased by Strategic Advisors LLC

Strategic Advisors LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 241,570 shares of the iPhone maker’s stock after selling 5,604 shares during the quarter. Apple makes up 8.8% of Strategic Advisors LLC’s holdings, making the stock its largest holding. Strategic Advisors LLC’s holdings in Apple were worth $46,509,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Columbus Macro LLC lifted its stake in shares of Apple by 0.5% during the 4th quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock valued at $2,120,000 after buying an additional 59 shares in the last quarter. Worth Financial Advisory Group LLC lifted its stake in Apple by 0.5% in the 4th quarter. Worth Financial Advisory Group LLC now owns 24,946 shares of the iPhone maker’s stock worth $4,803,000 after purchasing an additional 113 shares in the last quarter. Hengehold Capital Management LLC lifted its stake in Apple by 1.2% in the 4th quarter. Hengehold Capital Management LLC now owns 24,966 shares of the iPhone maker’s stock worth $4,807,000 after purchasing an additional 307 shares in the last quarter. Courage Miller Partners LLC lifted its stake in Apple by 3.2% in the 4th quarter. Courage Miller Partners LLC now owns 11,956 shares of the iPhone maker’s stock worth $2,204,000 after purchasing an additional 369 shares in the last quarter. Finally, Nova R Wealth Inc. lifted its stake in Apple by 1.7% in the 4th quarter. Nova R Wealth Inc. now owns 33,894 shares of the iPhone maker’s stock worth $6,526,000 after purchasing an additional 554 shares in the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Transactions at Apple

In other news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Luca Maestri sold 53,194 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 366,271 shares of company stock valued at $63,653,887. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of AAPL stock opened at $168.00 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The company has a market capitalization of $2.59 trillion, a P/E ratio of 26.17, a P/E/G ratio of 2.08 and a beta of 1.27. The company’s 50-day simple moving average is $175.57 and its two-hundred day simple moving average is $182.21. Apple Inc. has a one year low of $162.80 and a one year high of $199.62.

Apple (NASDAQ:AAPL) last issued its earnings results 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 business had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.88 EPS. As a group, equities analysts anticipate that Apple Inc. will post 6.54 EPS for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were given a $0.24 dividend. 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 payout ratio is presently 14.95%.

Analyst Upgrades and Downgrades

AAPL has been the topic of several research analyst reports. Citigroup reiterated a “buy” rating and issued a $225.00 price target on shares of Apple in a research note on Friday, February 16th. Oppenheimer reiterated an “outperform” rating and issued a $200.00 price target on shares of Apple in a research note on Friday, February 2nd. DA Davidson initiated coverage on shares of Apple in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price target on shares of Apple in a research note on Tuesday. Finally, Redburn Atlantic downgraded shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $203.34.

Apple 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.