Apple Inc. (NASDAQ:AAPL) Shares Sold by McCollum Christoferson Group LLC

McCollum Christoferson Group LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,637 shares of the iPhone maker’s stock after selling 2,456 shares during the quarter. Apple makes up approximately 5.9% of McCollum Christoferson Group LLC’s investment portfolio, making the stock its largest position. McCollum Christoferson Group LLC’s holdings in Apple were worth $19,376,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Atlantic Private Wealth LLC acquired a new position in Apple in the 1st quarter valued at $30,000. Wyrmwood Management LLC raised its stake in Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after purchasing an additional 69 shares during the last quarter. Gilfoyle & Co LLC raised its stake in Apple by 118.0% in the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after purchasing an additional 118 shares during the last quarter. Summit Wealth Group LLC raised its stake in Apple by 16,252.3% in the 1st quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock valued at $42,000 after purchasing an additional 6,949,659 shares during the last quarter. Finally, HBC Financial Services PLLC raised its stake in Apple by 21.7% in the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares during the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

Apple Price Performance

AAPL stock opened at $168.00 on Thursday. The business’s 50-day moving average is $175.57 and its two-hundred day moving average is $182.21. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The firm has a market capitalization of $2.59 trillion, a P/E ratio of 26.17, a P/E/G ratio of 2.08 and a beta of 1.27. Apple Inc. has a 1 year low of $162.80 and a 1 year high of $199.62.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. During the same quarter last year, the company earned $1.88 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. Analysts anticipate that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed 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 0.57%. Apple’s payout ratio is 14.95%.

Insider Transactions at Apple

In related news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the transaction, the director now owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Arthur D. Levinson sold 100,000 shares of the company’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 value 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 $802,392,181.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the firm’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 transaction of $9,244,782.12. Following the sale, the senior vice president now directly owns 136,572 shares in the company, valued at approximately $23,068,376.52. The disclosure for this sale can be found here. In the last three months, insiders sold 366,271 shares of company stock valued at $63,653,887. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on AAPL shares. Redburn Atlantic cut Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price for the company. in a report on Wednesday, January 10th. UBS Group restated a “hold” rating and issued a $190.00 target price on shares of Apple in a report on Monday, March 25th. Piper Sandler dropped their target price on Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. Rosenblatt Securities restated a “neutral” rating and issued a $189.00 target price on shares of Apple in a report on Tuesday, March 5th. Finally, The Goldman Sachs Group upped their target price on Apple from $223.00 to $232.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $203.34.

Apple 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.