Apple Inc. (NASDAQ:AAPL) is Geneva Partners LLC’s Largest Position

Geneva Partners LLC cut its position in Apple Inc. (NASDAQ:AAPL) by 0.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 65,778 shares of the iPhone maker’s stock after selling 148 shares during the quarter. Apple accounts for about 6.7% of Geneva Partners LLC’s holdings, making the stock its largest holding. Geneva Partners LLC’s holdings in Apple were worth $16,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of AAPL. Amara Financial LLC. bought a new stake in Apple during the third quarter valued at approximately $288,000. Sterling Investment Counsel LLC lifted its holdings in shares of Apple by 3.8% during the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock worth $16,269,000 after acquiring an additional 2,565 shares during the last quarter. Silicon Valley Capital Partners grew its position in Apple by 12.8% in the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock worth $59,122,000 after acquiring an additional 28,799 shares in the last quarter. Catalyst Financial Partners LLC increased its stake in Apple by 4.2% in the third quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock valued at $22,505,000 after acquiring an additional 3,935 shares during the last quarter. Finally, Narwhal Capital Management raised its position in Apple by 2.5% during the third quarter. Narwhal Capital Management now owns 276,791 shares of the iPhone maker’s stock valued at $64,492,000 after purchasing an additional 6,711 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Insider Activity at Apple

In related news, SVP Katherine L. Adams sold 38,822 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total value of $8,683,316.74. Following the transaction, the senior vice president now owns 179,158 shares in the company, valued at $40,072,269.86. The trade was a 17.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Jeffrey E. Williams sold 35,493 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $87,377,116.59. The trade was a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 182,451 shares of company stock worth $40,818,720. Company insiders own 0.06% of the company’s stock.

Apple Stock Down 7.3 %

NASDAQ AAPL opened at $188.38 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The business has a fifty day moving average price of $229.45 and a 200 day moving average price of $233.16. Apple Inc. has a one year low of $164.08 and a one year high of $260.10. The company has a market cap of $2.83 trillion, a P/E ratio of 29.90, a P/E/G ratio of 2.44 and a beta of 1.26.

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

Apple Announces Dividend

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

Analyst Ratings Changes

AAPL has been the topic of several recent research reports. Sanford C. Bernstein increased their price objective on Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Needham & Company LLC reiterated a “buy” rating and set a $260.00 price target on shares of Apple in a research report on Friday. UBS Group boosted their price objective on shares of Apple to $236.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Tigress Financial increased their target price on shares of Apple from $295.00 to $300.00 and gave the company a “strong-buy” rating in a report on Thursday. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Apple in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus target price 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.