Apple Inc. (NASDAQ:AAPL) Stock Holdings Lowered by Cowa LLC

Cowa LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 0.3% during the 3rd quarter, Holdings Channel reports. The firm owned 34,969 shares of the iPhone maker’s stock after selling 99 shares during the period. Apple comprises 4.0% of Cowa LLC’s investment portfolio, making the stock its 7th biggest position. Cowa LLC’s holdings in Apple were worth $5,987,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Atlantic Private Wealth LLC purchased a new position in shares of Apple in the 1st quarter worth $30,000. Cheyne Capital Management UK LLP grew its stake in shares of Apple by 200.0% in the 3rd quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock worth $212,000 after buying an additional 550 shares in the last quarter. West Tower Group LLC purchased a new position in shares of Apple during the 2nd quarter worth about $64,000. HBC Financial Services PLLC boosted its stake in shares of Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares during the period. Finally, Clear Perspectives Financial Planning LLC boosted its stake in shares of Apple by 27.3% during the 1st quarter. Clear Perspectives Financial Planning LLC now owns 983 shares of the iPhone maker’s stock worth $172,000 after purchasing an additional 211 shares during the period. 58.51% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Katherine L. Adams sold 123,448 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $188.79, for a total value of $23,305,747.92. Following the sale, the senior vice president now directly owns 293,266 shares of the company’s stock, valued at approximately $55,365,688.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Chris Kondo sold 5,513 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $192.00, for a total transaction of $1,058,496.00. Following the sale, the insider now directly owns 29,174 shares of the company’s stock, valued at $5,601,408. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Katherine L. Adams sold 123,448 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $188.79, for a total transaction of $23,305,747.92. Following the sale, the senior vice president now directly owns 293,266 shares in the company, valued at $55,365,688.14. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of recent analyst reports. DA Davidson initiated coverage on shares of Apple in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 price target on shares of Apple in a research note on Friday, February 2nd. Robert W. Baird lifted their price objective on shares of Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Jefferies Financial Group decreased their price objective on shares of Apple from $220.00 to $195.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. Finally, The Goldman Sachs Group lifted their price objective on shares of Apple from $223.00 to $232.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.72.

Read Our Latest Analysis on Apple

Apple Stock Up 0.4 %

NASDAQ:AAPL opened at $188.85 on Friday. The company has a market cap of $2.92 trillion, a PE ratio of 29.42, a P/E/G ratio of 2.27 and a beta of 1.31. Apple Inc. has a twelve month low of $143.90 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. The company’s 50 day moving average is $190.51 and its two-hundred day moving average is $184.12.

Apple (NASDAQ:AAPLGet Free Report) last released its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.09. The company had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. Apple’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.88 EPS. Analysts anticipate that Apple Inc. will post 6.56 EPS for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 12th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Friday, February 9th. Apple’s dividend payout ratio (DPR) is currently 14.95%.

About Apple

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLFree Report).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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