C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Sells 24,813 Shares of Apple Inc. (NASDAQ:AAPL)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 27.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,771 shares of the iPhone maker's stock after selling 24,813 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors' holdings in Apple were worth $16,721,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in AAPL. Traction Financial Partners LLC boosted its stake in 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 purchasing an additional 79 shares during the period. Cardinal Capital Management boosted its stake in 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 purchasing an additional 476 shares during the period. BKM Wealth Management LLC boosted its stake in 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 purchasing an additional 4,473 shares during the period. Kestra Investment Management LLC boosted its stake in 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 purchasing an additional 2,054 shares during the period. Finally, HighMark Wealth Management LLC boosted its stake in Apple by 1.9% in the 4th quarter. HighMark Wealth Management LLC now owns 7,165 shares of the iPhone maker's stock worth $1,794,000 after purchasing an additional 135 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Apple

In other news, CFO Kevan Parekh sold 4,570 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total value of $941,420.00. Following the completion of the transaction, the chief financial officer now directly owns 4,569 shares of the company's stock, valued at approximately $941,214. This represents a 50.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 108,136 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was 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 disclosure for this sale can be found here. Insiders sold a total of 187,021 shares of company stock valued at $41,760,140 in the last quarter. Corporate insiders own 0.06% of the company's stock.

Apple Stock Performance

Apple stock traded up $0.86 during trading hours on Monday, hitting $210.14. The stock had a trading volume of 38,624,393 shares, compared to its average volume of 56,741,088. The company has a 50-day moving average of $215.01 and a two-hundred day moving average of $229.19. 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 cap 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. Apple Inc. has a fifty-two week low of $169.11 and a fifty-two week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, equities research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.48%. Apple's dividend payout ratio (DPR) is 15.87%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. UBS Group lowered their price target on shares of Apple from $236.00 to $210.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Sanford C. Bernstein boosted their target price on Apple from $240.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. 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. China Renaissance began coverage on Apple in a research note on Tuesday, April 22nd. They issued a "buy" rating and a $241.00 target price on the stock. Finally, Maxim Group boosted their target price on Apple to $215.00 and gave the company a "hold" rating in a research note on Friday, February 21st. Two 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $234.31.

About Apple

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.