Apple Inc. (NASDAQ:AAPL) Shares Sold by Mosaic Advisors LLC

Mosaic Advisors LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 9.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 17,119 shares of the iPhone maker's stock after selling 1,748 shares during the period. Apple makes up approximately 5.0% of Mosaic Advisors LLC's holdings, making the stock its 3rd largest holding. Mosaic Advisors LLC's holdings in Apple were worth $4,287,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of AAPL. Vinva Investment Management Ltd raised its holdings in shares of Apple by 12.4% in the fourth quarter. Vinva Investment Management Ltd now owns 764,075 shares of the iPhone maker's stock worth $192,700,000 after buying an additional 83,997 shares during the period. Safe Harbor Fiduciary LLC bought a new position in Apple in the 3rd quarter valued at $4,972,000. SYM FINANCIAL Corp increased its stake in Apple by 6.3% in the third quarter. SYM FINANCIAL Corp now owns 28,626 shares of the iPhone maker's stock worth $6,670,000 after purchasing an additional 1,695 shares during the period. Tradewinds Capital Management LLC lifted its position in shares of Apple by 9.2% during the fourth quarter. Tradewinds Capital Management LLC now owns 21,198 shares of the iPhone maker's stock worth $5,308,000 after purchasing an additional 1,779 shares during the last quarter. Finally, Berkshire Bank grew its holdings in shares of Apple by 2.7% in the fourth quarter. Berkshire Bank now owns 89,580 shares of the iPhone maker's stock worth $22,433,000 after purchasing an additional 2,360 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Price Performance

NASDAQ:AAPL traded down $2.19 during trading hours on Thursday, reaching $200.63. 55,012,072 shares of the company were exchanged, compared to its average volume of 58,125,285. 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 cap of $3.00 trillion, a PE ratio of 31.85, a price-to-earnings-growth ratio of 2.44 and a beta of 1.27. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10. The stock's 50-day moving average is $201.99 and its 200-day moving average is $224.54.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.03. The business had revenue of $95.36 billion during the quarter, compared to analysts' expectations of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 160.83%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.53 earnings per share. On average, sell-side analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 12th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.52%. This is a boost from Apple's previous quarterly dividend of $0.25. Apple's dividend payout ratio is presently 16.20%.

Apple declared that its Board of Directors has authorized a stock buyback program on Thursday, May 1st that authorizes the company to buyback $100.00 billion in outstanding shares. This buyback authorization authorizes the iPhone maker to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AAPL. JPMorgan Chase & Co. decreased their price objective on shares of Apple from $270.00 to $245.00 and set an "overweight" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Apple in a research note on Wednesday, May 21st. KeyCorp raised Apple from an "underweight" rating to a "sector weight" rating in a research note on Monday, April 14th. Morgan Stanley reaffirmed an "overweight" rating and set a $235.00 target price on shares of Apple in a research report on Thursday. Finally, Bank of America lowered their target price on Apple from $250.00 to $240.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Apple has a consensus rating of "Moderate Buy" and a consensus target price of $235.80.

Insider Activity

In related news, insider Chris Kondo sold 4,486 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $208.19, for a total transaction of $933,940.34. Following the transaction, the insider now directly owns 15,533 shares in the company, valued at approximately $3,233,815.27. The trade was a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Jeffrey E. Williams sold 35,493 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the sale, the chief operating officer now directly owns 390,059 shares of the company's stock, valued at approximately $87,377,116.59. This represents a 8.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 191,507 shares of company stock worth $42,694,080 over the last quarter. 0.06% of the stock is currently owned by corporate insiders.

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.