Apple Inc. (NASDAQ:AAPL) Stock Holdings Decreased by Lakewood Asset Management LLC

Lakewood Asset Management LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 16.8% during the 1st quarter, Holdings Channel reports. The fund owned 22,606 shares of the iPhone maker’s stock after selling 4,559 shares during the quarter. Apple makes up approximately 2.6% of Lakewood Asset Management LLC’s investment portfolio, making the stock its 8th biggest position. Lakewood Asset Management LLC’s holdings in Apple were worth $3,876,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Apple during the 4th quarter worth about $33,912,466,000. International Assets Investment Management LLC lifted its position in shares of Apple by 14,395.4% during 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 buying an additional 70,212,651 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Apple by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 1,318,064,349 shares of the iPhone maker’s stock valued at $253,766,929,000 after buying an additional 18,067,216 shares in the last quarter. Global Assets Advisory LLC grew its position in shares of Apple by 23,076.4% in the 1st quarter. Global Assets Advisory LLC now owns 9,240,214 shares of the iPhone maker’s stock valued at $1,584,512,000 after buying an additional 9,200,345 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in Apple by 130.1% during the 4th quarter. Cerity Partners LLC now owns 9,430,190 shares of the iPhone maker’s stock worth $1,815,594,000 after acquiring an additional 5,331,439 shares in the last quarter. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Apple Price Performance

NASDAQ AAPL traded down $0.59 during mid-day trading on Friday, hitting $169.30. The stock had a trading volume of 44,717,137 shares, compared to its average volume of 53,363,952. The company has a 50 day simple moving average of $173.04 and a 200 day simple moving average of $181.79. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. The company has a market cap 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. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $199.62.

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

Apple Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Apple from $223.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Redburn Partners cut Apple to a “neutral” rating and set a $200.00 target price for the company. in a research report on Wednesday, January 10th. Monness Crespi & Hardt lifted their price target on Apple from $189.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Oppenheimer reissued an “outperform” rating and issued a $200.00 price objective on shares of Apple in a report on Friday, February 2nd. Finally, Maxim Group began coverage on shares of Apple in a report on Wednesday, April 17th. They issued a “hold” rating and a $178.00 target price on the stock. 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $203.05.

Insider Buying and Selling at Apple

In other 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 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 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 the company’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 136,572 shares in the company, valued at approximately $23,068,376.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of the firm’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 sale, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The disclosure for this sale can be found here. Insiders have sold 366,271 shares of company stock valued at $63,653,887 over the last quarter. Corporate 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.