Allspring Global Investments Holdings LLC Sells 10,058 Shares of Apple Inc. (NASDAQ:AAPL)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% in the fourth quarter, HoldingsChannel reports. The firm owned 4,609,994 shares of the iPhone maker’s stock after selling 10,058 shares during the period. Apple makes up 1.8% of Allspring Global Investments Holdings LLC’s portfolio, making the stock its 3rd biggest position. Allspring Global Investments Holdings LLC’s holdings in Apple were worth $1,125,222,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of AAPL. O Connor Financial Group LLC grew its holdings in shares of Apple by 1.2% in the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock worth $896,000 after purchasing an additional 41 shares during the last quarter. 1620 Investment Advisors Inc. boosted its position in Apple by 0.5% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock valued at $2,249,000 after buying an additional 45 shares during the period. Carolina Wealth Advisors LLC grew its holdings in Apple by 1.3% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock worth $813,000 after acquiring an additional 46 shares during the last quarter. Menard Financial Group LLC increased its position in shares of Apple by 0.4% in the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock valued at $2,848,000 after acquiring an additional 48 shares during the period. Finally, Hanseatic Management Services Inc. raised its stake in shares of Apple by 1.3% during the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock valued at $945,000 after acquiring an additional 48 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

AAPL has been the subject of a number of research analyst reports. Tigress Financial raised their price target on Apple from $295.00 to $300.00 and gave the stock a “strong-buy” rating in a research note on Thursday, April 3rd. 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 note on Tuesday, January 21st. Wedbush decreased their price target on shares of Apple from $325.00 to $250.00 and set an “outperform” rating for the company in a research note on Monday, April 7th. JPMorgan Chase & Co. cut their price objective on Apple from $270.00 to $245.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Monness Crespi & Hardt increased their target price on Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $235.85.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $202.14 on Wednesday. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The company has a market cap of $3.04 trillion, a P/E ratio of 32.09, a P/E/G ratio of 2.44 and a beta of 1.26. The business’s 50 day moving average is $221.65 and its two-hundred day moving average is $230.79. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts expect 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. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. Apple’s payout ratio is 15.87%.

Insiders Place Their Bets

In other news, SVP Katherine L. Adams sold 38,822 shares of Apple stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the transaction, the senior vice president now directly owns 179,158 shares of the company’s stock, valued at $40,072,269.86. This trade represents a 17.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 108,136 shares of the 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 completion of the sale, the chief executive officer now owns 3,280,295 shares of the company’s stock, valued at $733,637,976.75. This trade represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 182,451 shares of company stock valued at $40,818,720. 0.06% of the stock is currently owned by corporate insiders.

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.