Apple Inc. (NASDAQ:AAPL) Shares Sold by Mcdaniel Terry & Co.

Mcdaniel Terry & Co. decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 358,706 shares of the iPhone maker’s stock after selling 315 shares during the quarter. Apple makes up about 6.6% of Mcdaniel Terry & Co.’s holdings, making the stock its 2nd largest position. Mcdaniel Terry & Co.’s holdings in Apple were worth $69,062,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AAPL. Kingdom Financial Group LLC. grew its position in Apple by 5.5% during the 3rd quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock worth $1,963,000 after purchasing an additional 598 shares during the last quarter. RFG Advisory LLC grew its holdings in shares of Apple by 13.6% during the third quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock worth $29,589,000 after buying an additional 20,737 shares during the last quarter. Headinvest LLC increased its position in Apple by 1.7% in the 3rd quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock valued at $9,236,000 after acquiring an additional 872 shares during the period. Sound Income Strategies LLC raised its stake in Apple by 16.1% during the 4th quarter. Sound Income Strategies LLC now owns 75,110 shares of the iPhone maker’s stock valued at $14,461,000 after acquiring an additional 10,425 shares during the last quarter. Finally, DNB Asset Management AS lifted its position in Apple by 6.9% during the 4th quarter. DNB Asset Management AS now owns 4,307,068 shares of the iPhone maker’s stock worth $829,240,000 after acquiring an additional 279,311 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Transactions at Apple

In related news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Luca Maestri sold 53,194 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the completion of the transaction, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Arthur D. Levinson sold 100,000 shares of the 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 owns 4,434,576 shares in the company, valued at $802,392,181.44. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock worth $63,653,887 over the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

Apple Price Performance

AAPL stock opened at $173.50 on Tuesday. The stock’s 50 day moving average price is $172.86 and its 200 day moving average price is $181.77. The firm has a market cap of $2.68 trillion, a P/E ratio of 27.02, a PEG ratio of 2.04 and a beta of 1.27. 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 Inc. has a 1 year low of $164.07 and a 1 year high of $199.62.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.09. The business had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.88 earnings per share. On average, sell-side analysts expect that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.55%. Apple’s dividend payout ratio is currently 14.95%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AAPL shares. The Goldman Sachs Group boosted their target price on Apple from $223.00 to $232.00 and gave the company a “buy” rating in a report on Friday, February 2nd. UBS Group restated a “hold” rating and issued a $190.00 target price on shares of Apple in a research note on Monday, March 25th. JPMorgan Chase & Co. dropped their price target on shares of Apple from $215.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, April 11th. Needham & Company LLC reissued a “buy” rating and set a $220.00 price target on shares of Apple in a report on Tuesday, April 16th. Finally, Bank of America raised Apple from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $208.00 to $225.00 in a report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $202.62.

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.