Apple Inc. (NASDAQ:AAPL) is Davidson Investment Advisors' 4th Largest Position

Davidson Investment Advisors lessened its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 381,702 shares of the iPhone maker's stock after selling 3,947 shares during the quarter. Apple makes up 4.6% of Davidson Investment Advisors' investment portfolio, making the stock its 4th largest holding. Davidson Investment Advisors' holdings in Apple were worth $95,586,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Amara Financial LLC. purchased a new position in Apple in the 3rd quarter valued at approximately $288,000. Silicon Valley Capital Partners boosted its holdings in Apple by 12.8% in the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker's stock valued at $59,122,000 after purchasing an additional 28,799 shares during the period. Catalyst Financial Partners LLC grew its stake in Apple by 4.2% during the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker's stock worth $22,505,000 after purchasing an additional 3,935 shares in the last quarter. Vestcor Inc raised its position in Apple by 10.1% in the 3rd quarter. Vestcor Inc now owns 375,539 shares of the iPhone maker's stock valued at $87,501,000 after purchasing an additional 34,414 shares in the last quarter. Finally, 5th Street Advisors LLC boosted its stake in shares of Apple by 32.9% in the 3rd quarter. 5th Street Advisors LLC now owns 15,100 shares of the iPhone maker's stock valued at $3,518,000 after buying an additional 3,736 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Buying and Selling

In other news, CEO Timothy D. Cook sold 108,136 shares of the company's stock in a transaction 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 transaction, the chief executive officer now directly owns 3,280,295 shares of the company's stock, valued at $733,637,976.75. This represents a 3.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 38,822 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the completion of the sale, the senior vice president now owns 179,158 shares of the company's stock, valued at $40,072,269.86. This trade represents a 17.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 187,021 shares of company stock valued at $41,760,140 over the last quarter. Company insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Citigroup cut their target price on shares of Apple from $275.00 to $245.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. China Renaissance assumed coverage on shares of Apple in a report on Tuesday, April 22nd. They issued a "buy" rating and a $241.00 price objective on the stock. Moffett Nathanson reiterated a "sell" rating and set a $188.00 target price (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. DA Davidson cut their price target on Apple from $290.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Barclays lifted their price target on Apple from $183.00 to $197.00 and gave the stock an "underweight" rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $234.31.

Apple Stock Performance

Apple stock traded up $0.86 during trading hours on Monday, reaching $210.14. 38,624,393 shares of the stock were exchanged, compared to its average volume of 56,741,088. The stock has a market cap of $3.16 trillion, a P/E ratio of 33.36, a P/E/G ratio of 2.44 and a beta of 1.26. The firm's 50 day moving average is $215.01 and its 200 day 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 Inc. has a 52-week low of $169.11 and a 52-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 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

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