GenTrust LLC Decreases Stock Position in Apple Inc. (NASDAQ:AAPL)

GenTrust LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 114,163 shares of the iPhone maker’s stock after selling 3,638 shares during the period. Apple accounts for approximately 1.5% of GenTrust LLC’s holdings, making the stock its 15th biggest position. GenTrust LLC’s holdings in Apple were worth $21,980,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Conservest Capital Advisors Inc. boosted its position in shares of Apple by 0.3% in the 3rd quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock worth $2,877,000 after purchasing an additional 55 shares in the last quarter. High Pines Wealth Management LLC lifted its position in Apple by 0.7% during the 4th quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock worth $1,638,000 after acquiring an additional 58 shares during the period. Kraft Davis & Associates LLC lifted its position in 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 acquiring an additional 59 shares during the period. Asset Planning Corporation lifted its position in Apple by 1.0% during the 4th quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock worth $1,181,000 after acquiring an additional 59 shares during the period. Finally, MKT Advisors LLC lifted its position in 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 acquiring an additional 60 shares during the period. Institutional investors own 60.41% of the company’s stock.

Apple Trading Up 0.9 %

Shares of Apple stock opened at $176.55 on Friday. The stock has a market cap of $2.73 trillion, a P/E ratio of 27.50, a P/E/G ratio of 2.02 and a beta of 1.27. The stock’s 50 day simple moving average is $176.70 and its 200-day simple moving average is $182.15. Apple Inc. has a 1-year low of $161.42 and a 1-year high of $199.62. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPL) last issued 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 business had revenue of $119.60 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the firm posted $1.88 EPS. Analysts predict that Apple Inc. will post 6.55 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio is presently 14.95%.

Insider Activity at Apple

In related news, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the transaction, the senior vice president now directly owns 136,572 shares in the company, valued at $23,068,376.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the transaction, the senior vice president now owns 136,572 shares in the company, valued at $23,068,376.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 253,915 shares of company stock worth $44,202,868. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on AAPL shares. Piper Sandler lowered their price target on Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, February 2nd. Piper Sandler Companies cut Apple to a “neutral” rating and lowered their price target for the stock from $220.00 to $205.00 in a research report on Thursday, January 4th. Loop Capital lowered their price target on Apple from $185.00 to $170.00 and set a “hold” rating for the company in a research report on Monday, April 1st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $189.00 price target on shares of Apple in a research report on Tuesday, March 5th. Finally, Redburn Atlantic lowered Apple from a “buy” rating to a “neutral” rating and set a $200.00 price objective for the company. in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $204.08.

Apple Profile

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.