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

Foresight Capital Management Advisors Inc. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,163 shares of the iPhone maker’s stock after selling 665 shares during the quarter. Apple accounts for approximately 2.8% of Foresight Capital Management Advisors Inc.’s investment portfolio, making the stock its 9th largest position. Foresight Capital Management Advisors Inc.’s holdings in Apple were worth $4,799,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Heritage Family Offices LLP raised its stake in Apple by 16.5% during the fourth quarter. Heritage Family Offices LLP now owns 17,567 shares of the iPhone maker’s stock worth $4,399,000 after acquiring an additional 2,483 shares in the last quarter. West Financial Advisors LLC raised its stake in Apple by 35.2% during the fourth quarter. West Financial Advisors LLC now owns 18,429 shares of the iPhone maker’s stock worth $4,615,000 after acquiring an additional 4,799 shares in the last quarter. Flywheel Private Wealth LLC acquired a new position in Apple during the fourth quarter worth about $2,388,000. Rovin Capital UT ADV increased its stake in shares of Apple by 8.6% in the fourth quarter. Rovin Capital UT ADV now owns 29,260 shares of the iPhone maker’s stock valued at $7,327,000 after buying an additional 2,327 shares during the period. Finally, Smith Thornton Advisors LLC increased its stake in shares of Apple by 8.1% in the fourth quarter. Smith Thornton Advisors LLC now owns 11,842 shares of the iPhone maker’s stock valued at $2,965,000 after buying an additional 886 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Activity at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AAPL. UBS Group upped their price objective on Apple to $236.00 and gave the company a “hold” rating in a research note on Tuesday. Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research note on Tuesday, January 21st. Barclays upped their price objective on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $262.00 price objective on shares of Apple in a research note on Monday, January 27th. Finally, Bank of America upped their price objective on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $243.88.

Apple Trading Up 1.9 %

NASDAQ AAPL opened at $241.76 on Friday. The firm has a market capitalization of $3.63 trillion, a P/E ratio of 38.37, a PEG ratio of 2.44 and a beta of 1.20. The business has a fifty day simple moving average of $239.60 and a 200 day simple moving average of $233.58. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio 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 analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently declared 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 yield of 0.41%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is currently 15.87%.

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.