Apple Inc. (NASDAQ:AAPL) Holdings Decreased by Northwest Investment Counselors LLC

Northwest Investment Counselors LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,341 shares of the iPhone maker’s stock after selling 596 shares during the quarter. Apple accounts for 3.3% of Northwest Investment Counselors LLC’s portfolio, making the stock its 4th largest position. Northwest Investment Counselors LLC’s holdings in Apple were worth $12,195,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wyrmwood Management LLC raised its holdings in Apple by 69.0% during the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after buying an additional 69 shares during the last quarter. Atlantic Private Wealth LLC bought a new position in shares of Apple during the first quarter valued at approximately $30,000. Cheyne Capital Management UK LLP boosted its stake in shares of Apple by 200.0% during the 3rd quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock valued at $212,000 after purchasing an additional 550 shares in the last quarter. HBC Financial Services PLLC boosted its position in Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after acquiring an additional 80 shares in the last quarter. Finally, PayPay Securities Corp lifted its position in Apple by 70.2% during the third quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock valued at $87,000 after buying an additional 210 shares during the period. 60.41% of the stock is currently owned by institutional investors.

Apple Trading Up 0.9 %

Shares of AAPL opened at $176.55 on Monday. The firm has a market cap of $2.73 trillion, a P/E ratio of 27.50, a price-to-earnings-growth ratio of 2.13 and a beta of 1.27. 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 Inc. has a 1 year low of $161.42 and a 1 year high of $199.62. The company has a 50 day simple moving average of $176.70 and a two-hundred day simple moving average of $182.31.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.09. The company had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. Apple’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company posted $1.88 earnings per share. On average, equities analysts expect that Apple Inc. will post 6.55 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Insider Activity at Apple

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the sale, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the transaction, the chief executive officer now owns 3,377,407 shares in the company, valued at $574,260,512.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 253,915 shares of company stock valued at $44,202,868. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

AAPL has been the topic of several recent research reports. Needham & Company LLC restated a “buy” rating and issued a $220.00 price target on shares of Apple in a research note on Friday, February 2nd. The Goldman Sachs Group upped their target price on shares of Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Redburn Atlantic cut shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 price target on the stock. in a report on Wednesday, January 10th. Citigroup restated a “buy” rating and issued a $225.00 price objective on shares of Apple in a report on Friday, February 16th. Finally, Loop Capital dropped their price target on shares of Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $204.08.

Apple Company 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.