Apple Inc. (NASDAQ:AAPL) Holdings Cut by OMC Financial Services LTD

OMC Financial Services LTD trimmed its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,841 shares of the iPhone maker's stock after selling 6,474 shares during the period. Apple accounts for 14.7% of OMC Financial Services LTD's portfolio, making the stock its biggest position. OMC Financial Services LTD's holdings in Apple were worth $34,518,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Drystone LLC purchased a new position in Apple during the fourth quarter valued at $25,000. Bull Oak Capital LLC raised its holdings in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after buying an additional 111 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in shares of Apple during the third quarter valued at approximately $71,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple during the third quarter valued at approximately $77,000. Finally, ARK Investment Management LLC purchased a new position in Apple in the 3rd quarter worth approximately $110,000. Institutional investors own 67.73% of the company's stock.

Insider Transactions at Apple

In related news, SVP Katherine L. Adams sold 38,822 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 179,158 shares of the company's stock, valued at $40,072,269.86. This represents a 17.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Jeffrey E. Williams sold 35,493 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total value of $7,950,786.93. Following the transaction, the chief operating officer now owns 390,059 shares in the company, valued at $87,377,116.59. The trade was a 8.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 182,451 shares of company stock worth $40,818,720. 0.06% of the stock is currently owned by insiders.

Apple Trading Down 0.5 %

Shares of AAPL traded down $0.97 during mid-day trading on Tuesday, reaching $201.55. The stock had a trading volume of 10,549,650 shares, compared to its average volume of 56,782,925. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The firm has a market cap of $3.03 trillion, a price-to-earnings ratio of 31.92, a P/E/G ratio of 2.44 and a beta of 1.26. The business's fifty day moving average is $222.27 and its 200 day moving average is $230.99. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

Apple (NASDAQ:AAPL - Get Free Report) last announced its 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, sell-side analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.50%. Apple's payout ratio is currently 15.87%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Monness Crespi & Hardt boosted their price target on Apple to $245.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. UBS Group increased their price objective on shares of Apple to $236.00 and gave the company a "buy" rating in a research report on Monday. Wedbush dropped their price target on Apple from $325.00 to $250.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. Sanford C. Bernstein increased their target price on Apple from $240.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Finally, Citigroup reduced their price target on shares of Apple from $275.00 to $245.00 and set a "buy" rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Apple presently has a consensus rating of "Moderate Buy" and a consensus price target of $235.85.

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.