Apple Inc. (NASDAQ:AAPL) is Braun Stacey Associates Inc.'s 2nd Largest Position

Braun Stacey Associates Inc. cut its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 657,032 shares of the iPhone maker's stock after selling 33,952 shares during the quarter. Apple makes up 5.7% of Braun Stacey Associates Inc.'s portfolio, making the stock its 2nd largest holding. Braun Stacey Associates Inc.'s holdings in Apple were worth $126,499,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AAPL. AE Wealth Management LLC boosted its stake in shares of Apple by 7.5% in the 3rd quarter. AE Wealth Management LLC now owns 2,873,580 shares of the iPhone maker's stock valued at $491,986,000 after purchasing an additional 199,462 shares during the last quarter. CVA Family Office LLC boosted its stake in shares of Apple by 4.6% in the 3rd quarter. CVA Family Office LLC now owns 48,519 shares of the iPhone maker's stock valued at $8,307,000 after purchasing an additional 2,136 shares during the last quarter. Donaldson Capital Management LLC boosted its stake in shares of Apple by 0.6% in the 3rd quarter. Donaldson Capital Management LLC now owns 604,177 shares of the iPhone maker's stock valued at $103,441,000 after purchasing an additional 3,740 shares during the last quarter. Goodman Advisory Group LLC boosted its stake in shares of Apple by 18.3% in the 3rd quarter. Goodman Advisory Group LLC now owns 38,065 shares of the iPhone maker's stock valued at $6,517,000 after purchasing an additional 5,880 shares during the last quarter. Finally, First Financial Corp IN boosted its stake in shares of Apple by 29.4% in the 3rd quarter. First Financial Corp IN now owns 28,953 shares of the iPhone maker's stock valued at $4,957,000 after purchasing an additional 6,585 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AAPL. Redburn Partners lowered shares of Apple to a "neutral" rating and set a $200.00 target price on the stock. in a research note on Wednesday, January 10th. DA Davidson started coverage on shares of Apple in a research note on Wednesday, January 3rd. They set a "neutral" rating and a $166.00 price objective on the stock. Oppenheimer reissued an "outperform" rating and set a $200.00 price objective on shares of Apple in a research note on Friday, February 2nd. Loop Capital reduced their price objective on shares of Apple from $185.00 to $170.00 and set a "hold" rating on the stock in a research note on Monday, April 1st. Finally, Citigroup reissued a "buy" rating and set a $225.00 price objective on shares of Apple in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Apple currently has a consensus rating of "Moderate Buy" and an average target price of $203.05.

Insider Activity

In other news, Director Arthur D. Levinson sold 100,000 shares of the business's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares of the company's stock, valued at $802,392,181.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Arthur D. Levinson sold 100,000 shares of the business's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares of the company's stock, valued at $802,392,181.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 99,183 shares of the business's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the transaction, the chief executive officer now directly owns 3,377,407 shares of the company's stock, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 366,271 shares of company stock valued at $63,653,887. 0.06% of the stock is owned by company insiders.

Apple Stock Performance

AAPL stock traded up $2.12 during midday trading on Wednesday, reaching $169.02. 48,126,967 shares of the company were exchanged, compared to its average volume of 60,741,289. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The business has a 50-day moving average price of $173.58 and a two-hundred day moving average price of $181.94. Apple Inc. has a one year low of $162.80 and a one year high of $199.62. The firm has a market capitalization of $2.61 trillion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 2.00 and a beta of 1.27.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm had revenue of $119.60 billion during the quarter, compared to analysts' expectations of $117.99 billion. During the same period in the previous year, the business posted $1.88 earnings per share. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts forecast that Apple Inc. will post 6.54 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were given a $0.24 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.57%. Apple's payout ratio is presently 14.95%.

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.