Bfsg LLC Has $23.34 Million Position in Apple Inc. (NASDAQ:AAPL)

Bfsg LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,197 shares of the iPhone maker's stock after selling 2,493 shares during the period. Apple comprises 2.7% of Bfsg LLC's portfolio, making the stock its 4th largest holding. Bfsg LLC's holdings in Apple were worth $23,338,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Cardinal Capital Management increased its holdings in Apple by 0.6% in the fourth 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 increased its holdings in Apple by 9.8% in the fourth 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. Kestra Investment Management LLC increased its holdings in Apple by 3.5% in the fourth 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. HighMark Wealth Management LLC increased its holdings in Apple by 1.9% in the fourth quarter. HighMark Wealth Management LLC now owns 7,165 shares of the iPhone maker's stock worth $1,794,000 after buying an additional 135 shares during the last quarter. Finally, CRA Financial Services LLC increased its holdings in Apple by 0.4% in the fourth quarter. CRA Financial Services LLC now owns 201,818 shares of the iPhone maker's stock worth $50,539,000 after buying an additional 833 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Activity at Apple

In other Apple news, CEO Timothy D. Cook sold 108,136 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 3,280,295 shares of the company's stock, 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 legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Katherine L. Adams sold 38,822 shares of the business'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 directly owns 179,158 shares of the company's stock, valued at approximately $40,072,269.86. This represents a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 187,021 shares of company stock valued at $41,760,140 in the last ninety days. Insiders own 0.06% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Bank of America dropped their price objective on Apple from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Thursday. Morgan Stanley upped their price objective on shares of Apple from $220.00 to $235.00 and gave the stock an "overweight" rating in a report on Monday. Loop Capital lowered shares of Apple from a "buy" rating to a "hold" rating and set a $230.00 target price on the stock. in a research note on Tuesday, January 21st. Tigress Financial raised their target price on shares of Apple from $295.00 to $300.00 and gave the company a "strong-buy" rating in a research note on Thursday, April 3rd. Finally, UBS Group lowered their target price on shares of Apple from $236.00 to $210.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $234.31.

Apple Price Performance

Shares of NASDAQ:AAPL traded up $0.86 during midday trading on Monday, reaching $210.14. 38,624,393 shares of the company's stock were exchanged, compared to its average volume of 56,741,088. Apple Inc. has a 12 month low of $169.11 and a 12 month high of $260.10. The firm has a market capitalization of $3.16 trillion, a PE ratio of 33.36, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The company's 50 day simple moving average is $215.01 and its two-hundred day simple moving average is $229.19. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Equities 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 declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.48%. The ex-dividend date was Monday, February 10th. 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.