Windsor Advisory Group LLC Sells 28,127 Shares of Apple Inc. (NASDAQ:AAPL)

Windsor Advisory Group LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 89.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,460 shares of the iPhone maker’s stock after selling 28,127 shares during the quarter. Apple accounts for 2.0% of Windsor Advisory Group LLC’s holdings, making the stock its 14th biggest holding. Windsor Advisory Group LLC’s holdings in Apple were worth $666,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Apple by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after purchasing an additional 8,734,393 shares during the last quarter. Moneta Group Investment Advisors LLC increased its position in shares of Apple by 116,483.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock valued at $74,002,245,000 after purchasing an additional 569,066,184 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Apple by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 291,538,165 shares of the iPhone maker’s stock valued at $56,396,763,000 after purchasing an additional 6,367,053 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Apple by 3.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 234,017,381 shares of the iPhone maker’s stock valued at $38,589,468,000 after purchasing an additional 7,736,013 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Apple by 14.2% during the 4th quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock valued at $27,110,586,000 after purchasing an additional 25,926,552 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Apple Trading Down 1.2 %

Shares of NASDAQ:AAPL opened at $165.00 on Friday. The business’s 50-day moving average is $174.67 and its 200 day moving average is $182.04. Apple Inc. has a 1 year low of $162.80 and a 1 year high of $199.62. The firm has a market capitalization of $2.55 trillion, a P/E ratio of 25.70, a P/E/G ratio of 2.03 and a beta of 1.27. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The company had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. During the same period in the prior year, the company posted $1.88 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, research analysts predict that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio is currently 14.95%.

Analysts Set New Price Targets

AAPL has been the subject of a number of recent analyst reports. Citigroup restated a “buy” rating and set a $225.00 price objective on shares of Apple in a report on Friday, February 16th. Loop Capital dropped their price objective on Apple from $185.00 to $170.00 and set a “hold” rating for the company in a report on Monday, April 1st. Maxim Group initiated coverage on Apple in a report on Wednesday. They set a “hold” rating and a $178.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective on Apple from $215.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, April 11th. Finally, Redburn Atlantic cut Apple from a “buy” rating to a “neutral” rating and set a $200.00 price objective for the company. in a report on Wednesday, January 10th. One equities 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, Apple has an average rating of “Moderate Buy” and an average price target of $203.34.

Insider Activity at Apple

In related news, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction dated Thursday, February 29th. The shares were 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 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 in the last ninety days. 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.