Apple Inc. (NASDAQ:AAPL) Shares Sold by Money Concepts Capital Corp

Money Concepts Capital Corp decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 4.6% in the 4th quarter, Holdings Channel reports. The firm owned 114,804 shares of the iPhone maker’s stock after selling 5,507 shares during the period. Apple accounts for about 2.1% of Money Concepts Capital Corp’s investment portfolio, making the stock its 9th biggest holding. Money Concepts Capital Corp’s holdings in Apple were worth $28,749,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AAPL. Drystone LLC purchased a new stake in shares of Apple during the fourth quarter worth approximately $25,000. Bull Oak Capital LLC increased its stake in 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 buying an additional 111 shares during the period. SPX Gestao de Recursos Ltda purchased a new position in Apple during the 3rd quarter worth $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple in the third quarter valued at about $77,000. Finally, ARK Investment Management LLC purchased a new stake in shares of Apple in the third quarter valued at about $110,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Trading Down 7.3 %

Shares of AAPL stock opened at $188.38 on Friday. The firm’s 50-day simple moving average is $229.45 and its 200-day simple moving average is $232.96. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a 1-year low of $164.08 and a 1-year high of $260.10. The firm has a market cap of $2.83 trillion, a P/E ratio of 29.90, a PEG ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last posted 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 net margin of 24.30% and a return on equity of 160.83%. As a group, equities analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

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

Insider Activity

In other news, COO Jeffrey E. Williams sold 35,493 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief operating officer now owns 390,059 shares of the company’s stock, valued at $87,377,116.59. This represents a 8.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Katherine L. Adams sold 38,822 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total value of $8,683,316.74. Following the sale, the senior vice president now owns 179,158 shares in the company, valued at approximately $40,072,269.86. The trade was a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 182,451 shares of company stock valued at $40,818,720 in the last three months. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Moffett Nathanson restated a “sell” rating and issued a $188.00 price objective (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. UBS Group lifted their price target on Apple to $236.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. Monness Crespi & Hardt upped their price objective on Apple to $245.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Oppenheimer downgraded Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. upped their price target on shares of Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $245.26.

About Apple

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.