Apple Inc. (NASDAQ:AAPL) Holdings Decreased by Cohen Investment Advisors LLC

Cohen Investment Advisors LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,384 shares of the iPhone maker’s stock after selling 1,190 shares during the quarter. Apple accounts for approximately 6.4% of Cohen Investment Advisors LLC’s holdings, making the stock its biggest position. Cohen Investment Advisors LLC’s holdings in Apple were worth $8,738,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Kingdom Financial Group LLC. boosted its position in Apple by 5.5% during the third quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock valued at $1,963,000 after purchasing an additional 598 shares during the last quarter. RFG Advisory LLC boosted its position in Apple by 13.6% during the third quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock valued at $29,589,000 after purchasing an additional 20,737 shares during the last quarter. Headinvest LLC boosted its position in Apple by 1.7% during the third quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock valued at $9,236,000 after purchasing an additional 872 shares during the last quarter. Sound Income Strategies LLC boosted its position in Apple by 16.1% during the fourth quarter. Sound Income Strategies LLC now owns 75,110 shares of the iPhone maker’s stock valued at $14,461,000 after purchasing an additional 10,425 shares during the last quarter. Finally, DNB Asset Management AS boosted its position in Apple by 6.9% during the fourth quarter. DNB Asset Management AS now owns 4,307,068 shares of the iPhone maker’s stock valued at $829,240,000 after purchasing an additional 279,311 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Stock Down 0.8 %

NASDAQ AAPL opened at $168.00 on Thursday. The firm has a market cap of $2.59 trillion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 2.08 and a beta of 1.27. Apple Inc. has a one year low of $162.80 and a one year high of $199.62. The stock’s 50 day simple moving average is $175.57 and its 200 day simple moving average is $182.21. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The business had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. Apple’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.88 EPS. As a group, sell-side analysts forecast that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.57%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio is 14.95%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Redburn Partners cut Apple to a “neutral” rating and set a $200.00 price target for the company. in a research report on Wednesday, January 10th. Loop Capital reduced their price target on Apple from $185.00 to $170.00 and set a “hold” rating for the company in a research report on Monday, April 1st. Redburn Atlantic cut Apple from a “buy” rating to a “neutral” rating and set a $200.00 price target for the company. in a research report on Wednesday, January 10th. Robert W. Baird boosted their price target on Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Finally, Needham & Company LLC reissued a “buy” rating and set a $220.00 price objective on shares of Apple in a research report on Tuesday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average target price of $203.34.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the transaction, the senior vice president now owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the transaction, the senior vice president now directly owns 136,572 shares in the company, valued at approximately $23,068,376.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 366,271 shares of company stock valued at $63,653,887. 0.06% of the stock is currently owned by corporate insiders.

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.