Psagot Value Holdings Ltd. Israel Decreases Stake in Apple Inc. (NASDAQ:AAPL)

Psagot Value Holdings Ltd. Israel decreased its holdings in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 11.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 31,677 shares of the iPhone maker’s stock after selling 4,200 shares during the period. Apple comprises approximately 2.8% of Psagot Value Holdings Ltd. Israel’s holdings, making the stock its 8th largest position. Psagot Value Holdings Ltd. Israel’s holdings in Apple were worth $5,409,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Parker Financial LLC boosted its position in Apple by 1.2% during the second quarter. Parker Financial LLC now owns 4,543 shares of the iPhone maker’s stock valued at $881,000 after acquiring an additional 54 shares during the last quarter. Mokosak Advisory Group LLC increased its stake in shares of Apple by 1.1% during the 2nd quarter. Mokosak Advisory Group LLC now owns 5,562 shares of the iPhone maker’s stock worth $1,079,000 after purchasing an additional 59 shares during the last quarter. Kraft Davis & Associates LLC increased its stake in shares of Apple by 0.9% during the 3rd quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock worth $1,155,000 after purchasing an additional 59 shares during the last quarter. MKT Advisors LLC increased its stake in shares of Apple by 0.5% during the 2nd quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock worth $1,777,000 after purchasing an additional 60 shares during the last quarter. Finally, Cassia Capital Partners LLC increased its stake in shares of Apple by 1.2% during the 3rd quarter. Cassia Capital Partners LLC now owns 5,209 shares of the iPhone maker’s stock worth $892,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 58.51% of the company’s stock.

Insider Buying and Selling at Apple

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

Apple Price Performance

Shares of NASDAQ:AAPL opened at $188.85 on Friday. The stock has a market cap of $2.92 trillion, a PE ratio of 29.42, a PEG ratio of 2.27 and a beta of 1.31. The company’s fifty day moving average is $190.51 and its 200 day moving average is $184.12. Apple Inc. has a 52 week low of $143.90 and a 52 week high of $199.62. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPLGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (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 analysts’ expectations of $117.99 billion. During the same quarter in the previous year, the company earned $1.88 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Research analysts anticipate that Apple Inc. will post 6.56 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 12th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Friday, February 9th. Apple’s payout ratio is 14.95%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AAPL shares. DA Davidson started 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 issued a $220.00 price objective on shares of Apple in a report on Friday, February 2nd. Redburn Partners downgraded shares of Apple to a “neutral” rating and set a $200.00 price objective for the company. in a report on Wednesday, January 10th. Bank of America raised shares of Apple from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $208.00 to $225.00 in a report on Thursday, January 18th. Finally, Robert W. Baird raised their price objective 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 investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.72.

Check Out Our Latest Analysis on Apple

Apple Profile

(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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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