Apple Inc. (NASDAQ:AAPL) Shares Sold by L.M. Kohn & Company

L.M. Kohn & Company trimmed its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,849 shares of the iPhone maker's stock after selling 2,223 shares during the period. Apple comprises about 11.1% of L.M. Kohn & Company's investment portfolio, making the stock its largest position. L.M. Kohn & Company's holdings in Apple were worth $43,034,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. State Street Corp increased its position in Apple by 10.6% during the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker's stock worth $136,074,372,000 after purchasing an additional 55,935,105 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Apple by 6.5% in the third quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker's stock worth $77,542,863,000 after acquiring an additional 20,483,787 shares in the last quarter. FMR LLC increased its position in shares of Apple by 5.3% in the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker's stock worth $84,779,231,000 after acquiring an additional 18,224,005 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in shares of Apple by 25,285.2% during the 4th quarter. Strategic Financial Concepts LLC now owns 9,628,864 shares of the iPhone maker's stock valued at $2,411,260,000 after acquiring an additional 9,590,933 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Apple by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker's stock worth $22,121,656,000 after purchasing an additional 5,893,741 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Performance

AAPL traded down $1.17 on Friday, hitting $207.20. 12,567,004 shares of the stock traded hands, compared to its average volume of 56,642,469. The business has a fifty day moving average price of $216.41 and a two-hundred day moving average price of $229.42. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $3.11 trillion, a PE ratio of 32.86, a P/E/G ratio of 2.44 and a beta of 1.26. Apple Inc. has a 52 week low of $168.15 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (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, research 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Monday, February 10th. Apple's payout ratio is 15.87%.

Wall Street Analyst Weigh In

AAPL has been the topic of several analyst reports. UBS Group dropped their target price on Apple from $236.00 to $210.00 and set a "neutral" rating on the stock in a report on Wednesday. Needham & Company LLC reiterated a "buy" rating and set a $225.00 price objective on shares of Apple in a research note on Monday, April 14th. Rosenblatt Securities restated a "buy" rating and issued a $263.00 target price on shares of Apple in a research note on Thursday, April 3rd. The Goldman Sachs Group dropped their price target on shares of Apple from $259.00 to $256.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, TD Cowen reissued 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 given a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $233.88.

Insider Activity

In related news, COO Jeffrey E. Williams sold 35,493 shares of the firm'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 transaction of $7,950,786.93. Following the completion of the transaction, the chief operating officer now owns 390,059 shares in the company, valued at $87,377,116.59. This trade represents a 8.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Katherine L. Adams sold 38,822 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total value of $8,683,316.74. Following the completion of the sale, the senior vice president now directly owns 179,158 shares in the company, valued at approximately $40,072,269.86. This represents a 17.81 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 182,451 shares of company stock worth $40,818,720. Corporate insiders own 0.06% of the company's stock.

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.