Apple Inc. (NASDAQ:AAPL) Shares Sold by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,252 shares of the iPhone maker's stock after selling 3,433 shares during the period. Apple makes up 3.5% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors' portfolio, making the stock its 3rd biggest position. Bay Colony Advisory Group Inc d b a Bay Colony Advisors' holdings in Apple were worth $23,352,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Drystone LLC bought a new stake in Apple in the 4th quarter valued at approximately $25,000. Life Planning Partners Inc bought a new stake in Apple in the 4th quarter valued at approximately $47,000. SPX Gestao de Recursos Ltda bought a new stake in Apple in the 3rd quarter valued at approximately $71,000. Teachers Insurance & Annuity Association of America bought a new stake in Apple in the 3rd quarter valued at approximately $77,000. Finally, Compass Planning Associates Inc bought a new stake in Apple in the 4th quarter valued at approximately $96,000. Institutional investors own 67.73% of the company's stock.

Apple Price Performance

Shares of NASDAQ:AAPL traded down $0.19 during trading on Friday, reaching $211.26. 53,614,750 shares of the company traded hands, compared to its average volume of 55,997,127. The company's 50 day moving average is $206.09 and its two-hundred day moving average is $226.66. The firm has a market capitalization of $3.16 trillion, a PE ratio of 33.53, a PEG ratio of 2.44 and a beta of 1.27. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10.

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

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 12th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.49%. This is an increase from Apple's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, May 12th. Apple's dividend payout ratio is presently 16.20%.

Apple declared that its board has approved a stock repurchase plan on Thursday, May 1st that permits the company to repurchase $100.00 billion in shares. This repurchase authorization permits the iPhone maker to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group dropped their price objective on Apple from $259.00 to $256.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Evercore ISI upped their price objective on Apple from $260.00 to $275.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 18th. Argus upgraded Apple to a "strong-buy" rating in a research note on Friday, January 31st. TD Cowen dropped their price objective on Apple from $290.00 to $275.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, DA Davidson upped their price objective on Apple from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $235.80.

Insider Buying and Selling

In related news, CFO Kevan Parekh sold 4,570 shares of the company's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total transaction of $941,420.00. Following the completion of the sale, the chief financial officer now directly owns 4,569 shares in the company, valued at $941,214. This represents a 50.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Chris Kondo sold 4,486 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $208.19, for a total value of $933,940.34. Following the sale, the insider now owns 15,533 shares of the company's stock, valued at approximately $3,233,815.27. This represents a 22.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 191,507 shares of company stock worth $42,694,080 in the last ninety days. 0.06% of the stock is owned by insiders.

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.