Apple Inc. (NASDAQ:AAPL) Shares Sold by Vision Capital Management Inc.

Vision Capital Management Inc. lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.0% in the fourth quarter, Holdings Channel reports. The firm owned 225,581 shares of the iPhone maker’s stock after selling 2,375 shares during the period. Apple accounts for 8.3% of Vision Capital Management Inc.’s investment portfolio, making the stock its 2nd biggest position. Vision Capital Management Inc.’s holdings in Apple were worth $56,490,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in AAPL. Trilogy Capital Inc. grew its stake in Apple by 1.0% during the 4th quarter. Trilogy Capital Inc. now owns 36,536 shares of the iPhone maker’s stock valued at $9,149,000 after purchasing an additional 346 shares in the last quarter. Robertson Stephens Wealth Management LLC increased its position in Apple by 3.6% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 430,945 shares of the iPhone maker’s stock worth $107,917,000 after buying an additional 14,840 shares during the period. Benchmark Financial Wealth Advisors LLC raised its holdings in shares of Apple by 2.6% during the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 38,165 shares of the iPhone maker’s stock valued at $9,557,000 after buying an additional 976 shares during the last quarter. Meadow Creek Wealth Advisors LLC grew its stake in shares of Apple by 5.5% in the fourth quarter. Meadow Creek Wealth Advisors LLC now owns 21,413 shares of the iPhone maker’s stock worth $5,362,000 after purchasing an additional 1,124 shares in the last quarter. Finally, Inman Jager Wealth Management LLC bought a new stake in shares of Apple during the 4th quarter worth about $2,282,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Performance

AAPL stock opened at $188.38 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The company has a market cap of $2.83 trillion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The business’s fifty day moving average is $229.45 and its 200-day moving average is $233.07. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors 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%.

Analysts Set New Price Targets

AAPL has been the topic of a number of research reports. Bank of America dropped their target price on shares of Apple from $265.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday. KeyCorp reaffirmed an “underweight” rating and set a $200.00 price objective on shares of Apple in a research report on Friday, January 31st. Oppenheimer cut shares of Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Loop Capital lowered shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a research report on Tuesday, January 21st. Finally, Raymond James increased their price objective on shares of Apple to $250.00 and gave the company a “buy” rating in a research note on Friday. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $245.26.

Insider Activity

In other news, CEO Timothy D. Cook sold 108,136 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the sale, the chief executive officer now owns 3,280,295 shares in the company, valued at $733,637,976.75. The trade was a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Jeffrey E. Williams sold 35,493 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the completion of the transaction, the chief operating officer now owns 390,059 shares in the company, valued at $87,377,116.59. This trade represents a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 182,451 shares of company stock valued at $40,818,720. 0.06% of the stock is owned by insiders.

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.