Integrated Investment Consultants LLC Decreases Position in Apple Inc. (NASDAQ:AAPL)

Integrated Investment Consultants LLC lessened its stake in Apple Inc. (NASDAQ:AAPL) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,807 shares of the iPhone maker’s stock after selling 69 shares during the quarter. Apple makes up approximately 1.5% of Integrated Investment Consultants LLC’s portfolio, making the stock its 16th biggest holding. Integrated Investment Consultants LLC’s holdings in Apple were worth $8,819,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Morgan Stanley raised its holdings in shares of Apple by 1.0% in the 3rd quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock worth $35,394,751,000 after purchasing an additional 2,018,010 shares during the period. Barclays PLC raised its holdings in Apple by 6.0% during the 3rd quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock valued at $8,519,244,000 after acquiring an additional 2,826,709 shares during the period. California Public Employees Retirement System raised its holdings in Apple by 4.6% during the 3rd quarter. California Public Employees Retirement System now owns 38,579,495 shares of the iPhone maker’s stock valued at $6,605,195,000 after acquiring an additional 1,696,576 shares during the period. Nordea Investment Management AB raised its holdings in Apple by 1.7% during the 3rd quarter. Nordea Investment Management AB now owns 17,519,918 shares of the iPhone maker’s stock valued at $3,020,609,000 after acquiring an additional 287,329 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Apple by 7.5% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,616,794 shares of the iPhone maker’s stock valued at $2,502,541,000 after acquiring an additional 1,018,430 shares during the period. Institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling

In related news, COO Jeffrey E. Williams sold 59,162 shares of Apple stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the completion of the transaction, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at approximately $84,378,155.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Luca Maestri sold 53,194 shares of Apple stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the completion of the transaction, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Jeffrey E. Williams sold 59,162 shares of Apple stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the transaction, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at $84,378,155.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 366,271 shares of company stock valued at $63,653,887. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on AAPL shares. Citigroup restated a “buy” rating and set a $225.00 price target on shares of Apple in a research report on Friday, February 16th. Loop Capital lowered their price objective on shares of Apple from $185.00 to $170.00 and set a “hold” rating for the company in a research note on Monday, April 1st. Redburn Partners downgraded shares of Apple to a “neutral” rating and set a $200.00 price objective for the company. in a research note on Wednesday, January 10th. JPMorgan Chase & Co. lowered their price objective on shares of Apple from $215.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, April 11th. Finally, UBS Group reaffirmed a “hold” rating and set a $190.00 price objective on shares of Apple in a research note on Monday, March 25th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $203.05.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $169.02 on Thursday. Apple Inc. has a 52 week low of $162.80 and a 52 week high of $199.62. The stock has a market capitalization of $2.61 trillion, a P/E ratio of 26.33, a PEG ratio of 2.00 and a beta of 1.27. The firm has a fifty day simple moving average of $173.58 and a two-hundred day simple moving average of $181.94. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28.

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

Apple Announces Dividend

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

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.