Apple Inc. (NASDAQ:AAPL) Stake Trimmed by Ramsay Stattman Vela & Price Inc.

Ramsay Stattman Vela & Price Inc. trimmed its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 181,948 shares of the iPhone maker's stock after selling 1,750 shares during the quarter. Apple makes up approximately 8.5% of Ramsay Stattman Vela & Price Inc.'s holdings, making the stock its 2nd largest position. Ramsay Stattman Vela & Price Inc.'s holdings in Apple were worth $45,563,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Creative Capital Management Investments LLC grew its stake in shares of Apple by 4.1% in the 4th quarter. Creative Capital Management Investments LLC now owns 26,496 shares of the iPhone maker's stock worth $6,635,000 after buying an additional 1,032 shares during the last quarter. Traction Financial Partners LLC grew its stake in shares of Apple by 2.4% in the 4th quarter. Traction Financial Partners LLC now owns 3,397 shares of the iPhone maker's stock worth $851,000 after buying an additional 79 shares during the last quarter. Cardinal Capital Management grew its stake in shares of Apple by 0.6% in the 4th quarter. Cardinal Capital Management now owns 83,977 shares of the iPhone maker's stock worth $21,029,000 after buying an additional 476 shares during the last quarter. BKM Wealth Management LLC grew its stake in shares of Apple by 9.8% in the 4th quarter. BKM Wealth Management LLC now owns 49,889 shares of the iPhone maker's stock worth $12,493,000 after buying an additional 4,473 shares during the last quarter. Finally, Kestra Investment Management LLC grew its stake in shares of Apple by 3.5% in the 4th quarter. Kestra Investment Management LLC now owns 60,851 shares of the iPhone maker's stock worth $15,238,000 after buying an additional 2,054 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Timothy D. Cook sold 108,136 shares of the business's stock in a transaction on 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 sale, the chief executive officer now owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. The trade was a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kevan Parekh sold 4,570 shares of the stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total transaction of $941,420.00. Following the transaction, the chief financial officer now owns 4,569 shares of the company's stock, valued at $941,214. This trade represents a 50.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 187,021 shares of company stock valued at $41,760,140 in the last quarter. 0.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. China Renaissance assumed coverage on Apple in a research note on Tuesday, April 22nd. They issued a "buy" rating and a $241.00 price target on the stock. Citigroup cut their price target on Apple from $275.00 to $245.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group cut their price target on Apple from $259.00 to $256.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley upped their price objective on Apple from $220.00 to $235.00 and gave the company an "overweight" rating in a research report on Monday. Finally, TD Cowen reaffirmed a "buy" rating on shares of Apple in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Apple presently has a consensus rating of "Moderate Buy" and a consensus price target of $234.31.

Apple Price Performance

AAPL stock traded up $0.86 during trading on Monday, reaching $210.14. The company's stock had a trading volume of 38,624,393 shares, compared to its average volume of 56,741,088. Apple Inc. has a 1 year low of $169.11 and a 1 year 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 company has a market capitalization of $3.16 trillion, a P/E ratio of 33.36, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The company's fifty day moving average is $215.01 and its 200-day moving average is $229.19.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping 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, research analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given 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 0.48%. Apple's dividend payout ratio is currently 15.87%.

Apple 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.