Apple Inc. (NASDAQ:AAPL) Shares Sold by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,727 shares of the iPhone maker’s stock after selling 4,710 shares during the quarter. Apple accounts for approximately 2.5% of Baker Tilly Wealth Management LLC’s holdings, making the stock its 6th biggest position. Baker Tilly Wealth Management LLC’s holdings in Apple were worth $15,350,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. IFM Investors Pty Ltd increased its position in shares of Apple by 20.0% in the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after buying an additional 435,891 shares in the last quarter. Ironwood Wealth Management LLC. increased its position in shares of Apple by 0.4% in the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after buying an additional 1,040 shares in the last quarter. Markel Corp increased its position in shares of Apple by 0.7% in the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock valued at $210,752,000 after buying an additional 8,450 shares in the last quarter. Camden Capital LLC increased its position in shares of Apple by 9.2% in the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after buying an additional 13,200 shares in the last quarter. Finally, Harbor Island Capital LLC increased its position in shares of Apple by 0.3% in the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after buying an additional 400 shares in the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Oppenheimer reiterated an “outperform” rating and set a $200.00 price objective on shares of Apple in a research report on Friday, February 2nd. Rosenblatt Securities reiterated a “neutral” rating and set a $189.00 price objective on shares of Apple in a research report on Tuesday, March 5th. Redburn Atlantic lowered Apple from a “buy” rating to a “neutral” rating and set a $200.00 price target on the stock. in a research note on Wednesday, January 10th. Wedbush reissued an “outperform” rating and issued a $250.00 price target on shares of Apple in a research note on Thursday, March 21st. Finally, Robert W. Baird raised their price target on Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $205.27.

Apple Price Performance

Shares of NASDAQ AAPL opened at $173.31 on Thursday. Apple Inc. has a twelve month low of $155.98 and a twelve month 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. The company has a market capitalization of $2.68 trillion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 2.06 and a beta of 1.29. The business has a 50 day simple moving average of $181.68 and a 200-day simple moving average of $182.73.

Apple (NASDAQ:AAPL) last issued 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. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. During the same period in the previous year, the business earned $1.88 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities research analysts expect that Apple Inc. will post 6.55 earnings per share for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were issued a $0.24 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.55%. Apple’s dividend payout ratio (DPR) is 14.95%.

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.