Apple Inc. (NASDAQ:AAPL) Position Decreased by FinTrust Capital Advisors LLC

FinTrust Capital Advisors LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 106,964 shares of the iPhone maker’s stock after selling 1,352 shares during the quarter. Apple makes up 4.1% of FinTrust Capital Advisors LLC’s portfolio, making the stock its 3rd largest holding. FinTrust Capital Advisors LLC’s holdings in Apple were worth $20,594,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank purchased a new stake in Apple in the 4th quarter worth $33,912,466,000. International Assets Investment Management LLC lifted its stake in Apple by 14,395.4% in the 4th 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 in the last quarter. Cerity Partners LLC lifted its stake in Apple by 130.1% in the 4th quarter. Cerity Partners LLC now owns 9,430,190 shares of the iPhone maker’s stock worth $1,815,594,000 after purchasing an additional 5,331,439 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Apple in the 4th quarter worth $560,388,000. Finally, Hudson Bay Capital Management LP purchased a new stake in Apple in the 3rd quarter worth $487,435,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the transaction, the senior vice president now owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Apple news, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction 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 owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction 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 completion of the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. 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 over the last 90 days. Insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of NASDAQ AAPL traded down $3.17 during midday trading on Tuesday, reaching $170.33. The company had a trading volume of 65,843,830 shares, compared to its average volume of 60,583,082. The business’s 50-day simple moving average is $172.64 and its 200 day simple moving average is $181.71. The stock has a market cap of $2.63 trillion, a P/E ratio of 26.53, a P/E/G ratio of 2.04 and a beta of 1.27. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $199.62. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The business had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. During the same quarter last year, the company posted $1.88 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts forecast that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were issued 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 0.56%. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several recent research reports. Redburn Partners cut shares of Apple to a “neutral” rating and set a $200.00 target price on the stock. in a research report on Wednesday, January 10th. UBS Group restated a “hold” rating and set a $190.00 target price on shares of Apple in a research report on Monday, March 25th. Wedbush restated an “outperform” rating and set a $250.00 target price on shares of Apple in a research report on Tuesday, April 9th. Monness Crespi & Hardt upped their target price on shares of Apple from $189.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Piper Sandler Companies cut shares of Apple to a “neutral” rating and decreased their target price for the company from $220.00 to $205.00 in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average target price of $202.62.

About Apple

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.