Waycross Partners LLC Has $51.07 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Waycross Partners LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 203,931 shares of the iPhone maker's stock after selling 3,174 shares during the quarter. Apple comprises approximately 6.6% of Waycross Partners LLC's investment portfolio, making the stock its 2nd biggest holding. Waycross Partners LLC's holdings in Apple were worth $51,068,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. O Connor Financial Group LLC grew its holdings in Apple by 1.2% during the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker's stock worth $896,000 after purchasing an additional 41 shares during the period. 1620 Investment Advisors Inc. grew its holdings in Apple by 0.5% during the third quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker's stock worth $2,249,000 after purchasing an additional 45 shares during the period. Menard Financial Group LLC grew its holdings in Apple by 0.4% during the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker's stock worth $2,848,000 after purchasing an additional 48 shares during the period. Hanseatic Management Services Inc. grew its holdings in Apple by 1.3% during the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker's stock worth $945,000 after purchasing an additional 48 shares during the period. Finally, Family Capital Management Inc. boosted its holdings in shares of Apple by 0.3% during the fourth quarter. Family Capital Management Inc. now owns 16,910 shares of the iPhone maker's stock worth $4,235,000 after acquiring an additional 48 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Transactions at Apple

In other news, CEO Timothy D. Cook sold 108,136 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the transaction, the chief executive officer now directly owns 3,280,295 shares in the company, valued at $733,637,976.75. This trade represents a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevan Parekh sold 4,570 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total value of $941,420.00. Following the transaction, the chief financial officer now owns 4,569 shares of the company's stock, valued at $941,214. This trade represents a 50.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 187,021 shares of company stock worth $41,760,140 over the last ninety days. 0.06% of the stock is owned by insiders.

Apple Trading Up 0.4 %

Shares of AAPL stock traded up $0.86 during mid-day trading on Monday, reaching $210.14. 38,624,393 shares of the stock traded hands, compared to its average volume of 56,741,088. The stock's fifty day simple moving average is $215.01 and its two-hundred day simple moving average is $229.19. Apple Inc. has a 1-year low of $169.11 and a 1-year high of $260.10. The company has a market cap of $3.16 trillion, a price-to-earnings ratio of 33.36, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

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

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. 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 15.87%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AAPL shares. Rosenblatt Securities restated a "buy" rating and set a $263.00 price objective on shares of Apple in a report on Thursday, April 3rd. Needham & Company LLC restated a "buy" rating and set a $225.00 price objective on shares of Apple in a report on Monday, April 14th. China Renaissance started coverage on Apple in a report on Tuesday, April 22nd. They set a "buy" rating and a $241.00 price objective for the company. Bank of America reduced their price objective on Apple from $250.00 to $240.00 and set a "buy" rating for the company in a report on Thursday. Finally, Oppenheimer cut Apple from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 29th. Two research 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.