Apple Inc. (NASDAQ:AAPL) Shares Sold by Fenimore Asset Management Inc.

Fenimore Asset Management Inc. lessened its position in Apple Inc. (NASDAQ:AAPL) by 16.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,481 shares of the iPhone maker’s stock after selling 2,665 shares during the period. Fenimore Asset Management Inc.’s holdings in Apple were worth $2,595,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Regal Wealth Group Inc. increased its holdings in shares of Apple by 10.6% in the third quarter. Regal Wealth Group Inc. now owns 6,881 shares of the iPhone maker’s stock valued at $1,178,000 after buying an additional 661 shares in the last quarter. Koss Olinger Consulting LLC boosted its position in shares of Apple by 1.2% in the 3rd quarter. Koss Olinger Consulting LLC now owns 14,536 shares of the iPhone maker’s stock valued at $2,489,000 after purchasing an additional 171 shares during the period. Acropolis Investment Management LLC increased its stake in Apple by 4.0% in the 3rd quarter. Acropolis Investment Management LLC now owns 84,487 shares of the iPhone maker’s stock worth $14,465,000 after purchasing an additional 3,253 shares in the last quarter. Rosenberg Matthew Hamilton raised its holdings in Apple by 0.8% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 11,694 shares of the iPhone maker’s stock worth $2,002,000 after buying an additional 88 shares during the period. Finally, Close Asset Management Ltd lifted its stake in Apple by 6.3% during the third quarter. Close Asset Management Ltd now owns 183,045 shares of the iPhone maker’s stock valued at $31,337,000 after buying an additional 10,844 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Buying and Selling at Apple

In other news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the transaction, the director now owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, 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 transaction, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the transaction, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock valued at $63,653,887 in the last ninety days. Company insiders own 0.06% of the company’s stock.

Apple Trading Up 0.5 %

Shares of NASDAQ:AAPL opened at $165.84 on Tuesday. Apple Inc. has a 52-week low of $162.80 and a 52-week high of $199.62. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The company has a market cap of $2.56 trillion, a P/E ratio of 25.83, a P/E/G ratio of 1.99 and a beta of 1.27. The stock’s 50-day moving average is $174.24 and its 200-day moving average is $182.10.

Apple (NASDAQ:AAPL) last released its earnings results 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 return on equity of 156.04% and a net margin of 26.16%. The firm had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. During the same quarter last year, the firm posted $1.88 EPS. The company’s revenue was up 2.1% on a year-over-year basis. Equities research analysts predict that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, February 9th. Apple’s payout ratio is currently 14.95%.

Analyst Ratings Changes

Several research firms have recently weighed in on AAPL. UBS Group reissued a “hold” rating and issued a $190.00 target price on shares of Apple in a research report on Monday, March 25th. Rosenblatt Securities reissued a “neutral” rating and set a $189.00 target price on shares of Apple in a research note on Tuesday, March 5th. Monness Crespi & Hardt raised their target price on Apple from $189.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Redburn Partners downgraded Apple to a “neutral” rating and set a $200.00 price target on the stock. in a report on Wednesday, January 10th. Finally, Piper Sandler reduced their price objective on Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $203.05.

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.