Apple Inc. (NASDAQ:AAPL) Stock Holdings Lessened by Sage Capital Advisors llc

Sage Capital Advisors llc decreased its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 152,361 shares of the iPhone maker's stock after selling 5,819 shares during the period. Apple comprises about 8.9% of Sage Capital Advisors llc's holdings, making the stock its largest position. Sage Capital Advisors llc's holdings in Apple were worth $33,844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of AAPL. Drystone LLC purchased a new position in Apple in the fourth quarter worth $25,000. Life Planning Partners Inc purchased a new position in Apple in the fourth quarter worth $47,000. Conquis Financial LLC purchased a new position in Apple in the fourth quarter worth $63,000. LSV Asset Management purchased a new position in Apple in the fourth quarter worth $65,000. Finally, Pillar Financial Advisors LLC purchased a new position in Apple in the fourth quarter worth $82,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AAPL. Citigroup restated a "buy" rating on shares of Apple in a research note on Tuesday, June 10th. Monness Crespi & Hardt boosted their target price on Apple to $245.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Raymond James Financial lowered their target price on Apple from $250.00 to $230.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Loop Capital lowered their target price on Apple from $230.00 to $215.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Finally, UBS Group restated a "buy" rating on shares of Apple in a research note on Sunday, June 1st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Apple currently has an average rating of "Moderate Buy" and an average target price of $234.86.

Insider Transactions at Apple

In other news, SVP Katherine L. Adams sold 38,822 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total value of $8,683,316.74. Following the completion of the transaction, the senior vice president now directly owns 179,158 shares in the company, valued at approximately $40,072,269.86. This represents a 17.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy D. Cook sold 108,136 shares of the company's stock in a transaction dated 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 owns 3,280,295 shares of the company's stock, valued at $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. In the last three months, insiders sold 191,507 shares of company stock worth $42,694,080. 0.06% of the stock is currently owned by corporate insiders.

Apple Price Performance

Shares of NASDAQ AAPL opened at $200.30 on Wednesday. The firm has a market capitalization of $2.99 trillion, a P/E ratio of 31.20, a P/E/G ratio of 2.25 and a beta of 1.22. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 1.18. The stock's 50-day simple moving average is $202.29 and its two-hundred day simple moving average is $220.98. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.03. Apple had a return on equity of 167.24% and a net margin of 24.30%. The business had revenue of $95.36 billion for the quarter, compared to analyst estimates of $94.04 billion. During the same period in the prior year, the company earned $1.53 EPS. The company's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Increases Dividend

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

Apple declared that its board has initiated a share repurchase program 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 programs are often a sign that the company's management believes its shares are undervalued.

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.

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