Clear Harbor Asset Management LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 0.5% in the 4th quarter, Holdings Channel reports. The fund owned 347,411 shares of the iPhone maker’s stock after selling 1,801 shares during the period. Apple makes up 6.1% of Clear Harbor Asset Management LLC’s investment portfolio, making the stock its 2nd largest position. Clear Harbor Asset Management LLC’s holdings in Apple were worth $66,887,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC grew its holdings in Apple by 116,483.5% in the fourth 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 period. Norges Bank purchased a new stake in Apple during the 4th quarter worth approximately $21,746,940,000. Morgan Stanley raised its holdings in shares of Apple by 14.2% during the fourth quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock valued at $27,110,586,000 after acquiring an additional 25,926,552 shares during the last quarter. Barclays PLC raised its holdings in shares of Apple by 60.0% during the second quarter. Barclays PLC now owns 46,932,352 shares of the iPhone maker’s stock valued at $9,103,464,000 after acquiring an additional 17,604,799 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of Apple by 154.9% in the second quarter. Osaic Holdings Inc. now owns 23,295,770 shares of the iPhone maker’s stock valued at $1,729,270,000 after acquiring an additional 14,157,430 shares in the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the transaction, the senior vice president now directly owns 136,572 shares in the company, valued at $23,068,376.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Apple 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 sale, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of Apple 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 owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. Insiders sold a total of 253,915 shares of company stock worth $44,202,868 over the last 90 days. Corporate insiders own 0.06% of the company’s stock.
Apple Price Performance
AAPL opened at $176.55 on Friday. The firm has a market cap of $2.73 trillion, a price-to-earnings ratio of 27.50, a PEG ratio of 2.02 and a beta of 1.27. 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 stock’s 50-day moving average price is $176.70 and its 200 day moving average price is $182.15. Apple Inc. has a 12-month low of $161.42 and a 12-month high of $199.62.
Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.09. The business had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.88 earnings per share. As a group, sell-side analysts expect that Apple Inc. will post 6.55 earnings per share for the current year.
Apple Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a $0.24 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.54%. Apple’s dividend payout ratio (DPR) is 14.95%.
Analysts Set New Price Targets
Several brokerages recently commented on AAPL. Loop Capital dropped their price target on Apple from $185.00 to $170.00 and set a “hold” rating for the company in a research report on Monday, April 1st. Bank of America upgraded shares of Apple from a “neutral” rating to a “buy” rating and increased their target price for the company from $208.00 to $225.00 in a research report on Thursday, January 18th. Redburn Partners downgraded shares of Apple to a “neutral” rating and set a $200.00 price target on the stock. in a research note on Wednesday, January 10th. Piper Sandler dropped their price objective on shares of Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, February 2nd. Finally, Monness Crespi & Hardt increased their price objective on shares of Apple from $189.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $204.08.
Check Out Our Latest Stock Analysis on Apple
About Apple
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.
See Also
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