Apple Inc. (NASDAQ:AAPL) Stock Position Reduced by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC decreased its stake in Apple Inc. (NASDAQ:AAPL) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 189,612 shares of the iPhone maker’s stock after selling 3,271 shares during the quarter. Apple makes up about 5.5% of Alpine Woods Capital Investors LLC’s holdings, making the stock its biggest position. Alpine Woods Capital Investors LLC’s holdings in Apple were worth $36,506,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wyrmwood Management LLC increased its holdings in Apple by 69.0% in the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after buying an additional 69 shares during the last quarter. Gilfoyle & Co LLC grew its position in Apple by 118.0% in the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after acquiring an additional 118 shares in the last quarter. PayPay Securities Corp increased its stake in shares of Apple by 70.2% during the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after purchasing an additional 210 shares during the last quarter. Cordant Inc. raised its holdings in shares of Apple by 27.7% during the 3rd quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after purchasing an additional 140 shares in the last quarter. Finally, Life Planning Partners Inc acquired a new stake in shares of Apple in the 4th quarter valued at $132,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Stock Performance

NASDAQ:AAPL opened at $173.50 on Tuesday. The stock has a market capitalization of $2.68 trillion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27. 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 Inc. has a 1 year low of $164.07 and a 1 year high of $199.62. The firm has a 50 day moving average of $172.86 and a 200-day moving average of $181.77.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.09. The firm had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.88 EPS. As a group, sell-side analysts anticipate 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. Shareholders of record on Monday, February 12th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio is currently 14.95%.

Analyst Upgrades and Downgrades

AAPL has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on Apple from $215.00 to $210.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. DZ Bank reaffirmed a “hold” rating and set a $180.00 target price on shares of Apple in a research report on Thursday, March 28th. The Goldman Sachs Group lifted their price target on shares of Apple from $223.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Bank of America raised shares of Apple from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $208.00 to $225.00 in a report on Thursday, January 18th. Finally, Robert W. Baird lifted their target price on shares of Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $202.62.

Insider Buying and Selling at Apple

In other news, Director Arthur D. Levinson sold 100,000 shares of the company’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 transaction of $18,094,000.00. Following the transaction, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value 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 approximately $802,392,181.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. In the last 90 days, insiders sold 366,271 shares of company stock worth $63,653,887. 0.06% of the stock is currently owned by corporate insiders.

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.