Meeder Asset Management Inc. Trims Holdings in Apple Inc. (NASDAQ:AAPL)

Meeder Asset Management Inc. reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 90.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,425 shares of the iPhone maker’s stock after selling 266,549 shares during the quarter. Meeder Asset Management Inc.’s holdings in Apple were worth $5,280,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AAPL. Morgan Stanley raised its position in shares of Apple by 1.0% during the 3rd quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock valued at $35,394,751,000 after acquiring an additional 2,018,010 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Apple by 14,395.4% during the 4th 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 acquiring an additional 70,212,651 shares in the last quarter. Barclays PLC raised its position in shares of Apple by 6.0% during the 3rd quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock valued at $8,519,244,000 after acquiring an additional 2,826,709 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Apple by 4.6% during the 3rd quarter. California Public Employees Retirement System now owns 38,579,495 shares of the iPhone maker’s stock valued at $6,605,195,000 after acquiring an additional 1,696,576 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Apple by 1.7% during the 3rd quarter. Nordea Investment Management AB now owns 17,519,918 shares of the iPhone maker’s stock valued at $3,020,609,000 after acquiring an additional 287,329 shares in the last quarter. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Apple news, CFO Luca Maestri sold 53,194 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $18,768,046.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Apple news, CFO Luca Maestri sold 53,194 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $18,768,046.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 366,271 shares of company stock worth $63,653,887. 0.06% of the stock is currently owned by company insiders.

Apple Trading Down 0.6 %

NASDAQ:AAPL opened at $169.30 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $199.62. The firm has a market capitalization of $2.61 trillion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 2.09 and a beta of 1.27. The stock has a fifty day simple moving average of $172.38 and a 200 day simple moving average of $181.63.

Apple (NASDAQ:AAPL) 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. Apple had a return on equity of 156.04% and a net margin of 26.16%. The firm had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. During the same period last year, the company posted $1.88 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Sell-side analysts forecast that Apple Inc. will post 6.54 earnings per share for the current year.

Analysts Set New Price Targets

AAPL has been the topic of several research reports. Needham & Company LLC reissued a “buy” rating and set a $220.00 price target on shares of Apple in a research report on Tuesday, April 16th. The Goldman Sachs Group increased their target price on Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Citigroup dropped their target price on Apple from $220.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday. Barclays reaffirmed an “underweight” rating and issued a $158.00 target price on shares of Apple in a research report on Tuesday, April 23rd. Finally, Redburn Atlantic lowered Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $202.62.

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.