Johanson Financial Advisors Inc. Reduces Stock Position in Apple Inc. (NASDAQ:AAPL)

Johanson Financial Advisors Inc. lessened its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 194,952 shares of the iPhone maker’s stock after selling 8,976 shares during the quarter. Apple accounts for approximately 9.4% of Johanson Financial Advisors Inc.’s investment portfolio, making the stock its largest holding. Johanson Financial Advisors Inc.’s holdings in Apple were worth $25,739,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Apple in the 4th quarter worth approximately $22,236,319,000. FMR LLC boosted its stake in shares of Apple by 3.4% in the 4th quarter. FMR LLC now owns 358,551,697 shares of the iPhone maker’s stock valued at $47,576,225,000 after purchasing an additional 11,852,200 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Apple by 284.4% in the 3rd quarter. Great West Life Assurance Co. Can now owns 14,908,820 shares of the iPhone maker’s stock worth $1,724,390,000 after purchasing an additional 11,030,352 shares during the last quarter. Itau Unibanco Holding S.A. lifted its holdings in Apple by 9,693.5% during the 4th quarter. Itau Unibanco Holding S.A. now owns 7,778,120 shares of the iPhone maker’s stock valued at $123,000 after purchasing an additional 7,698,699 shares during the last quarter. Finally, Morgan Stanley boosted its position in Apple by 4.6% in the fourth quarter. Morgan Stanley now owns 130,352,438 shares of the iPhone maker’s stock valued at $17,296,465,000 after buying an additional 5,738,590 shares in the last quarter. Institutional investors and hedge funds own 57.77% of the company’s stock.

Shares of Apple stock opened at $132.54 on Tuesday. The stock’s fifty day simple moving average is $127.85 and its 200 day simple moving average is $125.92. The company has a current ratio of 1.36, a quick ratio of 1.33 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $2.23 trillion, a PE ratio of 40.66, a PEG ratio of 2.75 and a beta of 1.28. Apple Inc. has a 12 month low of $71.58 and a 12 month high of $145.09.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, April 27th. The iPhone maker reported $1.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.41. Apple had a return on equity of 75.15% and a net margin of 20.91%. The company had revenue of $89.58 billion for the quarter, compared to analyst estimates of $76.84 billion. During the same quarter last year, the firm posted $0.64 earnings per share. Apple’s revenue was up 53.6% compared to the same quarter last year. Analysts predict that Apple Inc. will post 4.03 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 13th. Shareholders of record on Monday, May 10th will be paid a $0.22 dividend. The ex-dividend date is Friday, May 7th. This represents a $0.88 dividend on an annualized basis and a yield of 0.66%. This is a positive change from Apple’s previous quarterly dividend of $0.21. Apple’s payout ratio is presently 25.00%.

In other Apple news, SVP Deirdre O’brien sold 18,216 shares of the company’s stock in a transaction that occurred on Friday, April 16th. The stock was sold at an average price of $134.01, for a total transaction of $2,441,126.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey E. Williams sold 133,867 shares of the firm’s stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $125.74, for a total transaction of $16,832,436.58. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

AAPL has been the subject of a number of research analyst reports. DA Davidson lifted their target price on shares of Apple from $133.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, January 28th. Jefferies Financial Group raised their target price on Apple from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, April 29th. Evercore ISI upped their price target on shares of Apple from $163.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, March 22nd. Credit Suisse Group increased their price objective on shares of Apple from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday. Finally, UBS Group boosted their target price on shares of Apple from $142.00 to $155.00 and gave the stock a “buy” rating in a research note on Thursday, April 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $146.82.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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