Apple Inc. (NASDAQ:AAPL) Shares Sold by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,279 shares of the iPhone maker’s stock after selling 1,253 shares during the quarter. Apple comprises approximately 1.8% of Mayflower Financial Advisors LLC’s holdings, making the stock its 7th largest position. Mayflower Financial Advisors LLC’s holdings in Apple were worth $18,613,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Kingdom Financial Group LLC. lifted its holdings in shares of Apple by 5.5% in the third quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock valued at $1,963,000 after buying an additional 598 shares during the period. RFG Advisory LLC lifted its holdings in shares of Apple by 13.6% during the third quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock valued at $29,589,000 after purchasing an additional 20,737 shares during the last quarter. Headinvest LLC lifted its holdings in shares of Apple by 1.7% during the third quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock valued at $9,236,000 after purchasing an additional 872 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Apple by 16.1% during the fourth quarter. Sound Income Strategies LLC now owns 75,110 shares of the iPhone maker’s stock valued at $14,461,000 after purchasing an additional 10,425 shares during the last quarter. Finally, DNB Asset Management AS lifted its stake in Apple by 6.9% in the 4th quarter. DNB Asset Management AS now owns 4,307,068 shares of the iPhone maker’s stock worth $829,240,000 after acquiring an additional 279,311 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Price Performance

Shares of AAPL stock opened at $167.04 on Friday. The stock has a 50 day moving average of $175.15 and a two-hundred day moving average of $182.10. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. Apple Inc. has a 12 month low of $162.80 and a 12 month high of $199.62. The company has a market capitalization of $2.58 trillion, a P/E ratio of 26.02, a P/E/G ratio of 2.04 and a beta of 1.27.

Apple (NASDAQ:AAPL) last announced 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 return on equity of 156.04% and a net margin of 26.16%. The company had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. During the same quarter last year, the company earned $1.88 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities analysts expect that Apple Inc. will post 6.54 EPS for the current year.

Apple Dividend Announcement

The business 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. The ex-dividend date was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.57%. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Insider Buying and Selling

In related news, Director Arthur D. Levinson sold 100,000 shares of the firm’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 filing with the Securities & Exchange Commission, which is available through this link. In other Apple 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 owns 136,572 shares in the company, valued at approximately $23,068,376.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction on 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 366,271 shares of company stock worth $63,653,887 in the last 90 days. 0.06% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AAPL shares. UBS Group reissued a “hold” rating and issued a $190.00 price objective on shares of Apple in a research note on Monday, March 25th. The Goldman Sachs Group increased their price objective on Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Rosenblatt Securities reaffirmed a “neutral” rating and set a $189.00 price target on shares of Apple in a research note on Tuesday, March 5th. Morgan Stanley reaffirmed an “overweight” rating and set a $220.00 price target on shares of Apple in a research note on Friday, March 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 price target on shares of Apple in a research note on Tuesday. One 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.