Barton Investment Management Sells 206 Shares of Apple Inc. (NASDAQ:AAPL)


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Barton Investment Management reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.0% in the fourth quarter, HoldingsChannel reports. The firm owned 20,054 shares of the iPhone maker’s stock after selling 206 shares during the quarter. Apple makes up 0.2% of Barton Investment Management’s investment portfolio, making the stock its 20th largest position. Barton Investment Management’s holdings in Apple were worth $2,661,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AAPL. Xcel Wealth Management LLC grew its position in Apple by 4.2% in the 4th quarter. Xcel Wealth Management LLC now owns 66,559 shares of the iPhone maker’s stock valued at $8,831,000 after acquiring an additional 2,701 shares during the last quarter. Cox Capital Mgt LLC grew its holdings in shares of Apple by 4.1% in the fourth quarter. Cox Capital Mgt LLC now owns 23,268 shares of the iPhone maker’s stock worth $3,087,000 after purchasing an additional 913 shares during the last quarter. Tatro Capital LLC increased its stake in Apple by 15.2% in the 4th quarter. Tatro Capital LLC now owns 5,512 shares of the iPhone maker’s stock worth $731,000 after buying an additional 729 shares during the period. Praetorian Wealth Management Inc. lifted its holdings in Apple by 11.7% during the 4th quarter. Praetorian Wealth Management Inc. now owns 8,012 shares of the iPhone maker’s stock valued at $1,063,000 after buying an additional 839 shares in the last quarter. Finally, Foundations Investment Advisors LLC lifted its holdings in Apple by 12.4% during the 4th quarter. Foundations Investment Advisors LLC now owns 40,765 shares of the iPhone maker’s stock valued at $5,383,000 after buying an additional 4,508 shares in the last quarter. 57.77% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Chris Kondo sold 14,840 shares of the business’s stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $121.34, for a total value of $1,800,685.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Katherine L. Adams sold 17,000 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $110.42, for a total value of $1,877,140.00. Following the completion of the sale, the senior vice president now owns 320,784 shares in the company, valued at approximately $35,420,969.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,040 shares of company stock valued at $7,415,586. 0.06% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently commented on the stock. Argus raised shares of Apple to a “buy” rating and set a $150.00 target price on the stock in a research report on Wednesday, October 14th. Sanford C. Bernstein reaffirmed a “neutral” rating and set a $100.00 target price on shares of Apple in a research report on Wednesday, September 16th. BidaskClub downgraded Apple from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 1st. Piper Sandler raised shares of Apple to an “overweight” rating and upped their price objective for the stock from $130.00 to $135.00 in a research note on Thursday, October 22nd. Finally, Zacks Investment Research cut shares of Apple from a “buy” rating to a “hold” rating and set a $121.00 target price on the stock. in a report on Tuesday, September 29th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $118.61.

Apple stock opened at $130.89 on Thursday. The stock has a 50-day moving average price of $126.77 and a 200 day moving average price of $115.12. The company has a market capitalization of $2.20 trillion, a price-to-earnings ratio of 40.15, a price-to-earnings-growth ratio of 2.85 and a beta of 1.28. Apple Inc. has a 52 week low of $53.15 and a 52 week high of $138.79. The company has a quick ratio of 1.33, a current ratio of 1.36 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, November 3rd. The iPhone maker reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. The company had revenue of $64.70 billion during the quarter, compared to analyst estimates of $63.33 billion. Apple had a net margin of 20.91% and a return on equity of 75.15%. Apple’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $3.03 EPS. Research analysts anticipate that Apple Inc. will post 4.03 EPS for the current fiscal year.

Apple Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.

See Also: Gross Domestic Product (GDP)

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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