Apple Inc. (NASDAQ:AAPL) Shares Sold by Sollinda Capital Management LLC

Sollinda Capital Management LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 32.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,000 shares of the iPhone maker’s stock after selling 3,875 shares during the quarter. Apple accounts for approximately 0.4% of Sollinda Capital Management LLC’s holdings, making the stock its 23rd largest position. Sollinda Capital Management LLC’s holdings in Apple were worth $1,372,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Wyrmwood Management LLC lifted its stake in Apple by 69.0% in the fourth 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. A.P. Gilfoyle & Co. L.P. acquired a new position in Apple during the 4th quarter valued at about $39,000. Gilfoyle & Co LLC grew its position in Apple by 118.0% in the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after purchasing an additional 118 shares during the last quarter. University of Texas Texas AM Investment Managment Co. increased its stake in shares of Apple by 657.1% in the fourth quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after purchasing an additional 368 shares during the period. Finally, Clarity Asset Management Inc. bought a new stake in shares of Apple during the fourth quarter valued at approximately $85,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Apple Stock Down 0.3 %

Shares of AAPL stock traded down $0.59 during trading on Friday, hitting $169.30. 44,717,137 shares of the company were exchanged, compared to its average volume of 53,363,952. The business’s 50-day simple moving average is $173.04 and its 200 day simple moving average is $181.79. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $199.62. The firm has a market capitalization of $2.61 trillion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 2.05 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 (NASDAQ:AAPL) last issued 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 net margin of 26.16% and a return on equity of 156.04%. The company had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. During the same quarter last year, the business posted $1.88 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, analysts forecast that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a $0.24 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.57%. Apple’s dividend payout ratio (DPR) is currently 14.95%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Rosenblatt Securities reissued a “neutral” rating and set a $189.00 price target on shares of Apple in a report on Tuesday, March 5th. DZ Bank reiterated a “hold” rating and issued a $180.00 price objective on shares of Apple in a report on Thursday, March 28th. DA Davidson began coverage on shares of Apple in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 price objective on the stock. Maxim Group started coverage on Apple in a research report on Wednesday, April 17th. They issued a “hold” rating and a $178.00 target price for the company. Finally, Loop Capital lowered their price target on Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $203.05.

Insiders Place Their Bets

In related news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the sale, the senior vice president now owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, SVP Deirdre O’brien sold 54,732 shares of the firm’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 transaction of $9,244,782.12. Following 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 legal filing with the SEC, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 99,183 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The disclosure for this sale can be found here. Insiders have sold a total of 366,271 shares of company stock valued at $63,653,887 in the last three months. Insiders own 0.06% of the company’s stock.

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.