Apple Inc. (NASDAQ:AAPL) Stock Holdings Cut by DORCHESTER WEALTH MANAGEMENT Co

DORCHESTER WEALTH MANAGEMENT Co reduced its stake in Apple Inc. (NASDAQ:AAPL) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 290,556 shares of the iPhone maker’s stock after selling 3,200 shares during the period. Apple makes up approximately 10.1% of DORCHESTER WEALTH MANAGEMENT Co’s portfolio, making the stock its biggest position. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Apple were worth $55,941,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Morgan Stanley raised its holdings in Apple by 1.0% in the 3rd quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock valued at $35,394,751,000 after buying an additional 2,018,010 shares during the period. Barclays PLC grew its position in Apple by 6.0% in the 3rd quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock valued at $8,519,244,000 after acquiring an additional 2,826,709 shares in the last quarter. California Public Employees Retirement System grew its position in Apple by 4.6% in the 3rd quarter. California Public Employees Retirement System now owns 38,579,495 shares of the iPhone maker’s stock valued at $6,605,195,000 after acquiring an additional 1,696,576 shares in the last quarter. Nordea Investment Management AB grew its position in Apple by 1.7% in the 3rd quarter. Nordea Investment Management AB now owns 17,519,918 shares of the iPhone maker’s stock valued at $3,020,609,000 after acquiring an additional 287,329 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Apple by 7.5% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,616,794 shares of the iPhone maker’s stock valued at $2,502,541,000 after acquiring an additional 1,018,430 shares in the last quarter. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AAPL has been the subject of several research reports. Redburn Atlantic downgraded Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price for the company. in a research report on Wednesday, January 10th. UBS Group reaffirmed a “hold” rating and issued a $190.00 target price on shares of Apple in a research report on Monday, March 25th. Robert W. Baird lifted their target price on Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Morgan Stanley dropped their target price on Apple from $220.00 to $210.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Redburn Partners downgraded Apple to a “neutral” rating and set a $200.00 target price for the company. in a research report on Wednesday, January 10th. One 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $203.05.

Insider Buying and Selling at Apple

In other Apple news, CFO Luca Maestri sold 53,194 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total value of $9,262,139.28. Following the sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at $18,768,046.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Luca Maestri sold 53,194 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the sale, the chief financial officer now owns 107,788 shares of the company’s stock, valued at $18,768,046.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the sale, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 366,271 shares of company stock valued at $63,653,887. Insiders own 0.06% of the company’s stock.

Apple Trading Up 1.3 %

NASDAQ:AAPL opened at $169.02 on Thursday. The stock has a fifty day moving average price of $173.58 and a two-hundred day moving average price of $181.94. The stock has a market capitalization of $2.61 trillion, a price-to-earnings 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 Inc. has a 1 year low of $162.80 and a 1 year high of $199.62.

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

Apple Announces Dividend

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

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.