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

Lion Street Advisors LLC lowered its stake in Apple Inc. (NASDAQ:AAPL) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,828 shares of the iPhone maker’s stock after selling 889 shares during the period. Apple comprises 2.1% of Lion Street Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Lion Street Advisors LLC’s holdings in Apple were worth $6,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Drystone LLC acquired a new stake in Apple in the fourth quarter valued at $25,000. Bull Oak Capital LLC increased its holdings in shares of Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after acquiring an additional 111 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in shares of Apple during the 3rd quarter worth about $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in Apple during the third quarter worth approximately $77,000. Finally, ARK Investment Management LLC acquired a new position in Apple in the third quarter valued at approximately $110,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Transactions at Apple

In other news, COO Jeffrey E. Williams sold 35,493 shares of the company’s stock in a transaction on 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 sale, the chief operating officer now directly owns 390,059 shares in the company, valued at $87,377,116.59. This represents a 8.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total value of $24,184,616.40. Following the sale, the chief executive officer now owns 3,280,295 shares of the company’s stock, valued at approximately $733,637,976.75. This represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 182,451 shares of company stock valued at $40,818,720 in the last 90 days. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on AAPL. Tigress Financial raised their price objective on shares of Apple from $295.00 to $300.00 and gave the stock a “strong-buy” rating in a report on Thursday. Jefferies Financial Group reiterated an “underperform” rating on shares of Apple in a research note on Wednesday, February 19th. Loop Capital downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research note on Tuesday, January 21st. Barclays lifted their target price on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $260.00 target price on shares of Apple in a report on Friday. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average price target of $245.26.

Apple Trading Down 7.3 %

Shares of AAPL opened at $188.38 on Friday. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $2.83 trillion, a P/E ratio of 29.90, a PEG ratio of 2.44 and a beta of 1.18. The firm’s 50-day moving average is $229.45 and its two-hundred day moving average is $232.96.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, research analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

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.