Apple Inc. (NASDAQ:AAPL) is Winslow Asset Management Inc.'s Largest Position

Winslow Asset Management Inc. cut its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,417 shares of the iPhone maker's stock after selling 10,518 shares during the quarter. Apple makes up approximately 8.9% of Winslow Asset Management Inc.'s holdings, making the stock its largest holding. Winslow Asset Management Inc.'s holdings in Apple were worth $44,429,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Drystone LLC bought a new position in Apple during the 4th quarter valued at approximately $25,000. Life Planning Partners Inc purchased a new position in shares of Apple in the 4th quarter worth about $47,000. SPX Gestao de Recursos Ltda bought a new position in Apple in the 3rd quarter worth about $71,000. Teachers Insurance & Annuity Association of America bought a new stake in Apple during the 3rd quarter valued at about $77,000. Finally, Compass Planning Associates Inc purchased a new position in Apple in the fourth quarter worth about $96,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Stock Performance

NASDAQ AAPL traded down $5.37 on Monday, hitting $199.98. 11,644,914 shares of the company's stock traded hands, compared to its average volume of 56,028,946. The firm has a market capitalization of $3.00 trillion, a PE ratio of 31.74, a P/E/G ratio of 2.44 and a beta of 1.26. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10. The firm's 50-day moving average price is $212.15 and its two-hundred day moving average price is $228.58. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.03. Apple had a return on equity of 160.83% and a net margin of 24.30%. The company had revenue of $95.36 billion during the quarter, compared to analysts' expectations of $94.04 billion. During the same period last year, the business earned $1.53 earnings per share. Apple's quarterly revenue was up 5.1% on a year-over-year basis. As a group, analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Monday, May 12th. This is a boost from Apple's previous quarterly dividend of $0.25. Apple's payout ratio is 15.87%.

Apple declared that its board has approved a stock buyback plan 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 plans are usually an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms have recently weighed in on AAPL. Moffett Nathanson restated a "sell" rating and issued a $188.00 price target (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Raymond James dropped their price objective on shares of Apple from $250.00 to $230.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Maxim Group raised their target price on Apple to $215.00 and gave the stock a "hold" rating in a report on Friday, February 21st. Evercore ISI increased their target price on shares of Apple from $260.00 to $275.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. Finally, DA Davidson lifted their price target on shares of Apple from $230.00 to $250.00 and gave the company a "buy" rating in a report on Friday. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Apple has a consensus rating of "Moderate Buy" and a consensus target price of $235.80.

Insider Transactions at Apple

In other news, CFO Kevan Parekh sold 4,570 shares of the business's stock in a transaction dated 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 approximately $941,214. The trade was a 50.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the sale, the chief executive officer now directly owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. The trade was a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 187,021 shares of company stock valued at $41,760,140 over the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

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.