Apple Inc. (NASDAQ:AAPL) Stock Holdings Cut by Andra AP fonden

Andra AP fonden lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 19.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 583,400 shares of the iPhone maker's stock after selling 140,400 shares during the quarter. Apple accounts for 2.4% of Andra AP fonden's portfolio, making the stock its 2nd largest position. Andra AP fonden's holdings in Apple were worth $146,095,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AAPL. Drystone LLC acquired a new position in shares of Apple during the 4th quarter valued at $25,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Apple during the third quarter valued at $71,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of Apple during the third quarter valued at $77,000. Compass Planning Associates Inc purchased a new position in shares of Apple during the fourth quarter valued at $96,000. Finally, Collier Financial acquired a new stake in Apple during the fourth quarter valued at $140,000. Institutional investors own 67.73% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on AAPL shares. Maxim Group boosted their price target on Apple to $215.00 and gave the stock a "hold" rating in a research report on Friday, February 21st. Monness Crespi & Hardt lowered their price target on Apple from $260.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Loop Capital lowered their price objective on Apple from $230.00 to $215.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Rosenblatt Securities lowered Apple from a "buy" rating to a "neutral" rating and set a $217.00 price target on the stock. in a research report on Friday, May 2nd. Finally, Jefferies Financial Group restated an "underperform" rating and set a $170.62 price target (up from $167.88) on shares of Apple in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $235.80.

Insider Activity at Apple

In other news, CEO Timothy D. Cook sold 108,136 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were 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 directly owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. This represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kevan Parekh sold 4,570 shares of the company's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total transaction of $941,420.00. Following the completion of the sale, the chief financial officer now directly owns 4,569 shares of the company's stock, valued at approximately $941,214. This trade represents a 50.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 191,507 shares of company stock worth $42,694,080. Insiders own 0.06% of the company's stock.

Apple Stock Performance

Shares of AAPL traded down $0.19 during mid-day trading on Friday, hitting $211.26. 53,614,750 shares of the company traded hands, compared to its average volume of 55,997,127. The stock has a 50-day moving average price of $206.09 and a two-hundred day moving average price of $226.66. 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 stock has a market cap of $3.16 trillion, a price-to-earnings ratio of 33.53, a P/E/G ratio of 2.44 and a beta of 1.27. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.03. Apple had a net margin of 24.30% and a return on equity of 160.83%. The business had revenue of $95.36 billion during the quarter, compared to analyst estimates of $94.04 billion. During the same period in the prior year, the business posted $1.53 earnings per share. The company's revenue was up 5.1% on a year-over-year basis. Equities analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were paid a dividend of $0.26 per share. This is an increase from Apple's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.04 dividend on an annualized basis and a yield of 0.49%. Apple's dividend payout ratio is presently 16.20%.

Apple announced that its Board of Directors has approved a share repurchase program on Thursday, May 1st that permits the company to buyback $100.00 billion in outstanding shares. This buyback authorization permits the iPhone maker to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

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.