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Intelligence Driven Advisers LLC cut its stake in $Apple(AAPL)$ by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,145 shares of the iPhone maker’s stock after selling 538 shares during the period. Apple accounts for 1.6% of Intelligence Driven Advisers LLC’s portfolio, making the stock its 19th largest position. Intelligence Driven Advisers LLC’s holdings in Apple were worth $8,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Robinson Value Management Ltd. bought a new stake in Apple during the third quarter valued at $28,000. Hanseatic Management Services Inc. increased its stake in Apple by 75.4% during the third quarter. Hanseatic Management Services Inc. now owns 249 shares of the iPhone maker’s stock valued at $34,000 after purchasing an additional 107 shares during the last quarter. HBC Financial Services PLLC increased its stake in Apple by 21.7% during the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares during the last quarter. Morgan Dempsey Capital Management LLC bought a new stake in Apple during the third quarter valued at $55,000. Finally, Align Wealth Management LLC bought a new stake in Apple during the fourth quarter valued at $55,000. 57.60% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, COO Jeffrey E. Williams sold 187,730 shares of the company’s stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $159.76, for a total value of $29,991,744.80. Following the transaction, the chief operating officer now owns 489,816 shares in the company, valued at approximately $78,253,004.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Jeffrey E. Williams sold 187,730 shares of the company’s stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $159.76, for a total value of $29,991,744.80. Following the transaction, the chief operating officer now owns 489,816 shares in the company, valued at approximately $78,253,004.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey E. Williams sold 77,817 shares of the stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $166.11, for a total value of $12,926,181.87. Following the completion of the transaction, the chief operating officer now owns 489,816 shares in the company, valued at approximately $81,363,335.76. The disclosure for this sale can be found here. Insiders have sold 365,441 shares of company stock worth $59,427,838 in the last 90 days. Company insiders own 0.06% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on AAPL shares.StockNews.comstarted coverage on shares of Apple in a research report on Thursday, March 16th. They set a “hold” rating for the company. The Goldman Sachs Group started coverage on shares of Apple in a research report on Sunday, March 5th. They set a “buy” rating and a $199.00 price target for the company. Cowen lowered their price target on shares of Apple from $200.00 to $195.00 and set an “outperform” rating for the company in a research report on Friday, February 3rd. Wedbush upped their price target on shares of Apple from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 8th. Finally, Morgan Stanley upped their price target on shares of Apple from $175.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, March 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $168.65.
Apple Price Performance
AAPL stock opened at $165.56 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 1.76. Apple Inc. has a one year low of $124.17 and a one year high of $176.15. The firm has a market capitalization of $2.62 trillion, a PE ratio of 28.11, a P/E/G ratio of 2.14 and a beta of 1.30. The firm has a 50-day moving average of $154.95 and a two-hundred day moving average of $146.10.
Apple (NASDAQ:AAPL – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The iPhone maker reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.05). Apple had a net margin of 24.56% and a return on equity of 163.45%. The firm had revenue of $117.15 billion for the quarter, compared to analysts’ expectations of $121.67 billion. During the same period in the prior year, the company posted $2.10 earnings per share. Apple’s quarterly revenue was down 5.5% compared to the same quarter last year. On average, analysts forecast that Apple Inc. will post 6.05 earnings per share for the current year.
Apple Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 16th. Stockholders of record on Monday, February 13th were issued a $0.23 dividend. This is an increase from Apple’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.56%. Apple’s dividend payout ratio is currently 15.62%.
Apple Profile
Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.
source：defenseworld
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