Apple Inc. (NASDAQ:AAPL) Shares Sold by HC Advisors LLC

HC Advisors LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,096 shares of the iPhone maker’s stock after selling 1,117 shares during the quarter. Apple makes up approximately 2.2% of HC Advisors LLC’s holdings, making the stock its 11th biggest holding. HC Advisors LLC’s holdings in Apple were worth $3,869,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAPL. International Assets Investment Management LLC increased its stake in shares of Apple by 14,395.4% in the fourth quarter. International Assets Investment Management LLC now owns 70,700,395 shares of the iPhone maker’s stock valued at $136,119,470,000 after purchasing an additional 70,212,651 shares during the period. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Apple in the fourth quarter valued at approximately $560,388,000. Hudson Bay Capital Management LP acquired a new stake in shares of Apple in the third quarter valued at approximately $487,435,000. Barclays PLC increased its stake in shares of Apple by 6.0% in the third quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock valued at $8,519,244,000 after purchasing an additional 2,826,709 shares during the period. Finally, Morgan Stanley increased its stake in shares of Apple by 1.0% in the third quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock valued at $35,394,751,000 after purchasing an additional 2,018,010 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Activity

In other news, COO Jeffrey E. Williams sold 59,162 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the transaction, the chief operating officer now owns 489,944 shares in the company, valued at approximately $84,378,155.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Jeffrey E. Williams sold 59,162 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the transaction, the chief operating officer now owns 489,944 shares in the company, valued at approximately $84,378,155.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the transaction, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 366,271 shares of company stock worth $63,653,887. 0.06% of the stock is owned by corporate insiders.

Apple Stock Down 0.6 %

AAPL stock opened at $169.30 on Thursday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $199.62. 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 company has a market cap of $2.61 trillion, a price-to-earnings ratio of 26.37, a PEG ratio of 2.09 and a beta of 1.27. The company has a 50 day moving average of $172.38 and a two-hundred day moving average of $181.63.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating 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%. Apple’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.88 EPS. On average, equities analysts anticipate that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AAPL shares. The Goldman Sachs Group increased their price objective on shares of Apple from $223.00 to $232.00 and gave the company a “buy” rating in a report on Friday, February 2nd. DZ Bank reiterated a “hold” rating and issued a $180.00 price objective on shares of Apple in a report on Thursday, March 28th. Morgan Stanley decreased their price objective on shares of Apple from $220.00 to $210.00 and set an “overweight” rating for the company in a report on Monday, April 22nd. Barclays reiterated an “underweight” rating and issued a $158.00 price objective on shares of Apple in a report on Tuesday, April 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price objective on shares of Apple in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $202.62.

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.