Intellectus Partners LLC Sells 842 Shares of Apple Inc. (NASDAQ:AAPL)

Intellectus Partners LLC decreased its position in Apple Inc. (NASDAQ:AAPLFree Report) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,356 shares of the iPhone maker’s stock after selling 842 shares during the quarter. Apple comprises 1.2% of Intellectus Partners LLC’s investment portfolio, making the stock its 14th largest holding. Intellectus Partners LLC’s holdings in Apple were worth $4,304,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AAPL. International Assets Investment Management LLC boosted its position in Apple by 14,395.4% during the fourth quarter. International Assets Investment Management LLC now owns 70,700,395 shares of the iPhone maker’s stock worth $136,119,470,000 after purchasing an additional 70,212,651 shares during the period. Cerity Partners LLC lifted its holdings in shares of Apple by 130.1% during the fourth quarter. Cerity Partners LLC now owns 9,430,190 shares of the iPhone maker’s stock worth $1,815,594,000 after buying an additional 5,331,439 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Apple during the fourth quarter worth approximately $560,388,000. Hudson Bay Capital Management LP acquired a new position in shares of Apple during the third quarter worth approximately $487,435,000. Finally, Barclays PLC lifted its holdings in shares of Apple by 6.0% during the third quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock worth $8,519,244,000 after buying an additional 2,826,709 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the sale, the chief executive officer now owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the sale, the chief executive officer now owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Chris Kondo sold 4,999 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $190.40, for a total value of $951,809.60. Following the sale, the insider now owns 29,278 shares in the company, valued at approximately $5,574,531.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 271,270 shares of company stock worth $46,511,696. Insiders own 0.06% of the company’s stock.

Apple Stock Performance

AAPL opened at $191.29 on Friday. The company has a market capitalization of $2.93 trillion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 2.32 and a beta of 1.26. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.04 and a quick ratio of 0.99. The business has a fifty day simple moving average of $177.13 and a 200 day simple moving average of $183.23. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $199.62.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.02. Apple had a return on equity of 148.33% and a net margin of 26.31%. The firm had revenue of $90.75 billion during the quarter, compared to analysts’ expectations of $90.37 billion. During the same period in the previous year, the firm earned $1.52 EPS. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. Research analysts expect that Apple Inc. will post 6.57 EPS for the current year.

Apple declared that its board has authorized a share repurchase program on Thursday, May 2nd that permits the company to buyback $110.00 billion in outstanding shares. This buyback authorization permits the iPhone maker to repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 13th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Friday, May 10th. This is a boost from Apple’s previous quarterly dividend of $0.24. Apple’s dividend payout ratio is presently 15.55%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AAPL shares. Barclays upped their price target on Apple from $158.00 to $164.00 and gave the stock an “underweight” rating in a report on Friday, May 3rd. Itau BBA Securities upgraded Apple from an “underperform” rating to a “market perform” rating and increased their price objective for the stock from $162.00 to $188.00 in a research note on Friday, May 3rd. Wedbush increased their price objective on Apple from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. Canaccord Genuity Group increased their target price on Apple from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Saturday, May 4th. Finally, Piper Sandler decreased their target price on Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.59.

Read Our Latest Stock Report on Apple

Apple Company 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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