Blackhawk Capital Partners LLC. Sells 2,886 Shares of Apple Inc. (NASDAQ:AAPL)

Blackhawk Capital Partners LLC. cut its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 7.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 38,084 shares of the iPhone maker's stock after selling 2,886 shares during the period. Apple makes up approximately 4.9% of Blackhawk Capital Partners LLC.'s holdings, making the stock its largest holding. Blackhawk Capital Partners LLC.'s holdings in Apple were worth $9,537,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Latitude Advisors LLC increased its stake in shares of 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 buying an additional 50 shares during the last quarter. Sensible Financial Planning & Management LLC. acquired a new position in Apple during the 3rd quarter worth $1,577,000. Lebenthal Global Advisors LLC increased its position in shares of Apple by 0.4% in the 3rd quarter. Lebenthal Global Advisors LLC now owns 49,489 shares of the iPhone maker's stock worth $11,531,000 after purchasing an additional 213 shares during the last quarter. Values Added Financial LLC raised its stake in shares of Apple by 0.3% in the 3rd quarter. Values Added Financial LLC now owns 26,561 shares of the iPhone maker's stock valued at $6,189,000 after purchasing an additional 87 shares in the last quarter. Finally, Sitrin Capital Management LLC lifted its position in shares of Apple by 31.0% during the third quarter. Sitrin Capital Management LLC now owns 50,501 shares of the iPhone maker's stock worth $11,767,000 after purchasing an additional 11,936 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Analyst Ratings Changes

AAPL has been the subject of several research analyst reports. Evercore ISI boosted their price objective on Apple from $260.00 to $275.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Jefferies Financial Group reissued an "underperform" rating and set a $170.62 price target (up from $167.88) on shares of Apple in a research report on Friday. Barclays decreased their price objective on shares of Apple from $197.00 to $173.00 and set an "underweight" rating for the company in a report on Wednesday. Oppenheimer cut shares of Apple from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th. Finally, Maxim Group lifted their price target on shares of Apple to $215.00 and gave the company a "hold" rating in a report on Friday, February 21st. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $235.17.

Insider Buying and Selling

In other Apple news, COO Jeffrey E. Williams sold 35,493 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the sale, the chief operating officer now owns 390,059 shares in the company, valued at approximately $87,377,116.59. The trade was a 8.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction, the senior vice president now owns 179,158 shares of the company's stock, valued at approximately $40,072,269.86. The trade was a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 187,021 shares of company stock worth $41,760,140. Corporate insiders own 0.06% of the company's stock.

Apple Price Performance

NASDAQ AAPL traded down $7.97 on Friday, reaching $205.35. 100,891,435 shares of the stock traded hands, compared to its average volume of 56,192,627. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The firm's fifty day simple moving average is $212.15 and its 200 day simple moving average is $228.61. The company has a market cap of $3.08 trillion, a price-to-earnings ratio of 32.60, a P/E/G ratio of 2.44 and a beta of 1.26.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.03. Apple had a return on equity of 160.83% and a net margin of 24.30%. The firm had revenue of $95.36 billion for the quarter, compared to analyst estimates of $94.04 billion. During the same period in the previous year, the company earned $1.53 earnings per share. Apple's revenue was up 5.1% compared to the same quarter last year. As a group, research analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 12th will be paid a dividend of $0.26 per share. The ex-dividend date is Monday, May 12th. This is a positive change from Apple's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 0.51%. Apple's dividend payout ratio is currently 15.87%.

Apple announced that its Board of Directors has approved a stock buyback program on Thursday, May 1st that allows the company to repurchase $100.00 billion in shares. This repurchase authorization allows the iPhone maker to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is 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.