Winslow Asset Management Inc. Has $44.43 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Winslow Asset Management Inc. lessened its stake in Apple Inc. (NASDAQ:AAPL) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 177,417 shares of the iPhone maker’s stock after selling 10,518 shares during the quarter. Apple makes up approximately 8.9% of Winslow Asset Management Inc.’s portfolio, making the stock its biggest holding. Winslow Asset Management Inc.’s holdings in Apple were worth $44,429,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of AAPL. State Street Corp raised its stake in shares of Apple by 10.6% in the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after buying an additional 55,935,105 shares during the period. Proficio Capital Partners LLC increased its holdings in Apple by 23,555.4% in the 4th quarter. Proficio Capital Partners LLC now owns 21,055,240 shares of the iPhone maker’s stock worth $5,272,653,000 after acquiring an additional 20,966,232 shares during the last quarter. Geode Capital Management LLC raised its stake in Apple by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock valued at $77,542,863,000 after acquiring an additional 20,483,787 shares during the period. FMR LLC lifted its holdings in Apple by 5.3% during the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after purchasing an additional 18,224,005 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its position in Apple by 25,285.2% during the fourth quarter. Strategic Financial Concepts LLC now owns 9,628,864 shares of the iPhone maker’s stock worth $2,411,260,000 after purchasing an additional 9,590,933 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Up 0.4 %

Shares of Apple stock opened at $213.32 on Friday. 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 Inc. has a 52-week low of $169.21 and a 52-week high of $260.10. The company’s 50 day moving average price is $212.98 and its 200-day moving average price is $228.83. The stock has a market capitalization of $3.20 trillion, a price-to-earnings ratio of 33.86, a P/E/G ratio of 2.44 and a beta of 1.26.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, beating the consensus estimate of $1.62 by $0.03. Apple had a net margin of 24.30% and a return on equity of 160.83%. The firm had revenue of $95.36 billion during the quarter, compared to the consensus estimate of $94.04 billion. During the same period in the prior year, the firm posted $1.53 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.26 per share. This is a boost from Apple’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 0.49%. Apple’s payout ratio is 15.87%.

Apple announced that its board has authorized a stock buyback plan on Thursday, May 1st that permits the company to buyback $100.00 billion in outstanding shares. This buyback authorization permits the iPhone maker to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Evercore ISI upped their price target on shares of Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Bank of America cut their price target on Apple from $250.00 to $240.00 and set a “buy” rating for the company in a report on Thursday, April 24th. UBS Group decreased their price objective on Apple from $236.00 to $210.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 23rd. Citigroup cut their target price on Apple from $275.00 to $245.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Loop Capital decreased their price target on Apple from $230.00 to $215.00 and set a “hold” rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $232.63.

Insider Activity at Apple

In other Apple news, CFO Kevan Parekh sold 4,570 shares of the company’s stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total value of $941,420.00. Following the completion of the transaction, the chief financial officer now directly owns 4,569 shares in the company, valued at approximately $941,214. This represents a 50.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 38,822 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the completion of the sale, the senior vice president now directly owns 179,158 shares of the company’s stock, valued at approximately $40,072,269.86. This represents a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 187,021 shares of company stock worth $41,760,140 over the last quarter. 0.06% of the stock is owned by corporate 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.