Apple Inc. (NASDAQ:AAPL) Shares Sold by Towerpoint Wealth LLC

Towerpoint Wealth LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,158 shares of the iPhone maker’s stock after selling 333 shares during the quarter. Apple makes up approximately 2.0% of Towerpoint Wealth LLC’s holdings, making the stock its 14th biggest holding. Towerpoint Wealth LLC’s holdings in Apple were worth $3,688,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Conservest Capital Advisors Inc. boosted its holdings in shares of Apple by 0.3% in the 3rd quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock valued at $2,877,000 after buying an additional 55 shares during the period. High Pines Wealth Management LLC boosted its holdings in shares of Apple by 0.7% in the 4th quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock valued at $1,638,000 after buying an additional 58 shares during the period. Kraft Davis & Associates LLC boosted its holdings in shares of Apple by 0.9% in the 3rd quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock valued at $1,155,000 after buying an additional 59 shares during the period. Asset Planning Corporation boosted its holdings in shares of Apple by 1.0% in the 4th quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock valued at $1,181,000 after buying an additional 59 shares during the period. Finally, Columbus Macro LLC boosted its holdings in shares of Apple by 0.5% in the 4th quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock valued at $2,120,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Stock Performance

Shares of AAPL opened at $169.02 on Thursday. The company’s 50 day moving average price is $173.58 and its 200 day moving average price is $181.94. Apple Inc. has a 52 week low of $162.80 and a 52 week high of $199.62. The company has a market capitalization of $2.61 trillion, a PE ratio of 26.33, a PEG ratio of 2.00 and a beta of 1.27. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $117.99 billion. During the same period in the previous year, the firm posted $1.88 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. Research analysts expect that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Dividend Announcement

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

Analysts Set New Price Targets

AAPL has been the subject of a number of analyst reports. UBS Group reissued a “hold” rating and set a $190.00 target price on shares of Apple in a research note on Monday, March 25th. Morgan Stanley reduced their target price on shares of Apple from $220.00 to $210.00 and set an “overweight” rating for the company in a research note on Monday. DZ Bank reissued a “hold” rating and set a $180.00 target price on shares of Apple in a research note on Thursday, March 28th. Monness Crespi & Hardt boosted their target price on shares of Apple from $189.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Loop Capital reduced their target price on shares of Apple from $185.00 to $170.00 and set a “hold” rating for the company in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $203.05.

Insider Activity at Apple

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

Apple Company 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.