Intelligence Driven Advisers LLC Reduces Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Intelligence Driven Advisers LLC trimmed its position in Apple Inc. (NASDAQ:AAPL) by 0.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 72,367 shares of the iPhone maker’s stock after selling 180 shares during the period. Apple comprises 3.4% of Intelligence Driven Advisers LLC’s investment portfolio, making the stock its 10th biggest position. Intelligence Driven Advisers LLC’s holdings in Apple were worth $18,122,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. AMF Tjanstepension AB boosted its holdings in shares of Apple by 21.1% in the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock worth $787,631,000 after buying an additional 588,427 shares during the last quarter. Latitude Advisors LLC raised its position in Apple by 0.3% in the third quarter. Latitude Advisors LLC now owns 17,236 shares of the iPhone maker’s stock worth $4,016,000 after acquiring an additional 50 shares during the period. Rodgers & Associates LTD boosted its stake in Apple by 1.1% in the third quarter. Rodgers & Associates LTD now owns 6,541 shares of the iPhone maker’s stock valued at $1,524,000 after acquiring an additional 74 shares during the last quarter. Mattern Wealth Management LLC boosted its stake in Apple by 0.3% in the third quarter. Mattern Wealth Management LLC now owns 109,894 shares of the iPhone maker’s stock valued at $25,605,000 after acquiring an additional 280 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Apple during the 3rd quarter valued at approximately $53,365,000. 67.73% of the stock is owned by institutional investors.

Apple Stock Performance

NASDAQ AAPL opened at $196.79 on Friday. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The company has a fifty day moving average of $220.36 and a 200-day moving average of $230.28. The company has a market capitalization of $2.96 trillion, a P/E ratio of 31.24, a P/E/G ratio of 2.44 and a beta of 1.26. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of Apple from $270.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday. Loop Capital lowered 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. Jefferies Financial Group upgraded Apple from an “underperform” rating to a “hold” rating and cut their price target for the stock from $202.33 to $167.88 in a research note on Wednesday, April 9th. Rosenblatt Securities restated a “buy” rating and issued a $263.00 price objective on shares of Apple in a research note on Thursday, April 3rd. Finally, Bank of America dropped their price objective on shares of Apple from $265.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $235.85.

Insider Transactions at Apple

In other news, 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 transaction, the chief executive officer now owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. The trade was a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 35,493 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were 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 directly owns 390,059 shares of the company’s stock, valued at approximately $87,377,116.59. This trade represents a 8.34 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 182,451 shares of company stock worth $40,818,720. 0.06% of the stock is currently 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.