Sierra Capital LLC Sells 4,550 Shares of Apple Inc. (NASDAQ:AAPL)

Sierra Capital LLC lowered its stake in Apple Inc. (NASDAQ:AAPLFree Report) by 5.6% in the 3rd quarter, Holdings Channel reports. The firm owned 76,619 shares of the iPhone maker’s stock after selling 4,550 shares during the quarter. Apple accounts for approximately 2.1% of Sierra Capital LLC’s portfolio, making the stock its 10th largest position. Sierra Capital LLC’s holdings in Apple were worth $13,118,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in AAPL. Moneta Group Investment Advisors LLC boosted its stake in Apple by 116,483.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock worth $74,002,245,000 after purchasing an additional 569,066,184 shares during the period. Norges Bank purchased a new stake in shares of Apple in the 4th quarter valued at about $21,746,940,000. Morgan Stanley raised its holdings in shares of Apple by 14.2% in the 4th quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock valued at $27,110,586,000 after acquiring an additional 25,926,552 shares in the last quarter. Barclays PLC raised its holdings in shares of Apple by 60.0% in the 2nd quarter. Barclays PLC now owns 46,932,352 shares of the iPhone maker’s stock valued at $9,103,464,000 after acquiring an additional 17,604,799 shares in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of Apple by 154.9% in the 2nd quarter. Osaic Holdings Inc. now owns 23,295,770 shares of the iPhone maker’s stock valued at $1,729,270,000 after acquiring an additional 14,157,430 shares in the last quarter. Institutional investors own 58.51% of the company’s stock.

Apple Price Performance

Shares of AAPL stock opened at $187.15 on Tuesday. The firm has a market cap of $2.89 trillion, a P/E ratio of 29.15, a P/E/G ratio of 2.27 and a beta of 1.31. Apple Inc. has a fifty-two week low of $143.90 and a fifty-two week high of $199.62. The business’s 50 day moving average price is $190.46 and its 200-day moving average price is $184.00. 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 (NASDAQ:AAPLGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The firm had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.88 EPS. On average, equities research analysts anticipate that Apple Inc. will post 6.56 earnings per share 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 given a $0.24 dividend. The ex-dividend date is Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.51%. Apple’s dividend payout ratio is currently 14.95%.

Insider Activity at Apple

In related news, SVP Katherine L. Adams sold 123,448 shares of Apple stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Katherine L. Adams sold 123,448 shares of Apple stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chris Kondo sold 5,513 shares of Apple stock in a transaction that occurred on 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 sale, the insider now owns 29,174 shares in the company, valued at $5,601,408. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AAPL has been the topic of several recent analyst reports. Jefferies Financial Group lowered their price target on Apple from $220.00 to $195.00 and set a “buy” rating on the stock in a report on Tuesday, October 31st. Tigress Financial raised their price target on Apple from $225.00 to $240.00 and gave the company a “strong-buy” rating in a report on Thursday, November 16th. The Goldman Sachs Group raised their price target on Apple from $223.00 to $232.00 and gave the company a “buy” rating in a report on Friday, February 2nd. DA Davidson started coverage on Apple in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price target on the stock. Finally, Needham & Company LLC reissued a “buy” rating and set a $220.00 price objective on shares of Apple in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-one 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 $205.72.

View Our Latest Analysis on AAPL

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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