Apple Inc. (NASDAQ:AAPL) Shares Sold by Oxinas Partners Wealth Management LLC

Oxinas Partners Wealth Management LLC lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,582 shares of the iPhone maker’s stock after selling 1,215 shares during the period. Apple makes up 5.1% of Oxinas Partners Wealth Management LLC’s portfolio, making the stock its 3rd biggest position. Oxinas Partners Wealth Management LLC’s holdings in Apple were worth $7,236,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Kingdom Financial Group LLC. grew its holdings in Apple by 5.5% during the 3rd 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 in the last quarter. RFG Advisory LLC grew its holdings in Apple by 13.6% during the 3rd 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 in the last quarter. Headinvest LLC grew its holdings in Apple by 1.7% during the 3rd 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 in the last quarter. Sound Income Strategies LLC grew its holdings in Apple by 16.1% during the 4th 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 in the last quarter. Finally, DNB Asset Management AS grew its holdings in Apple by 6.9% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Trading Down 1.2 %

Shares of NASDAQ:AAPL opened at $165.00 on Friday. The company has a 50 day moving average of $174.67 and a 200-day moving average of $182.04. The firm has a market cap of $2.55 trillion, a P/E ratio of 25.70, a P/E/G ratio of 2.03 and a beta of 1.27. Apple Inc. has a twelve month low of $162.80 and a twelve month high of $199.62. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28.

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

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio is currently 14.95%.

Insider Transactions at Apple

In related news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 99,183 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the sale, the chief executive officer now owns 3,377,407 shares in the company, valued at $574,260,512.21. The disclosure for this sale can be found here. In the last three months, insiders sold 366,271 shares of company stock valued at $63,653,887. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AAPL. Loop Capital lowered their price target on shares of Apple from $185.00 to $170.00 and set a “hold” rating for the company in a report on Monday, April 1st. Wedbush reissued an “outperform” rating and issued a $250.00 target price on shares of Apple in a research report on Tuesday, April 9th. Robert W. Baird boosted their target price on shares of Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Piper Sandler Companies downgraded shares of Apple to a “neutral” rating and dropped their target price for the stock from $220.00 to $205.00 in a research report on Thursday, January 4th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $189.00 target price on shares of Apple in a research report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $203.34.

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.