Unionview LLC Has $4.05 Million Position in Apple Inc. (NASDAQ:AAPL)

Unionview LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,018 shares of the iPhone maker’s stock after selling 296 shares during the period. Apple comprises about 3.6% of Unionview LLC’s investment portfolio, making the stock its 9th biggest holding. Unionview LLC’s holdings in Apple were worth $4,047,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Apple during the 4th quarter worth about $560,388,000. Hudson Bay Capital Management LP purchased a new position in shares of Apple during the third quarter valued at approximately $487,435,000. Barclays PLC grew its stake in shares of Apple by 6.0% during the third quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock valued at $8,519,244,000 after buying an additional 2,826,709 shares during the last quarter. Granite Bay Wealth Management LLC purchased a new stake in shares of Apple in the third quarter worth approximately $461,021,000. Finally, Morgan Stanley lifted its stake in shares of Apple by 1.0% during the 3rd quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock worth $35,394,751,000 after acquiring an additional 2,018,010 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Stock Performance

Apple stock opened at $165.84 on Tuesday. 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’s fifty day moving average price is $174.24 and its 200 day moving average price is $182.10. The company has a market capitalization of $2.56 trillion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 1.99 and a beta of 1.27. Apple Inc. has a 12-month low of $162.80 and a 12-month high of $199.62.

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, topping analysts’ consensus estimates of $2.09 by $0.09. The business had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.88 earnings per share. On average, research analysts forecast that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Dividend Announcement

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

Insider Transactions at Apple

In related news, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the sale, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Timothy D. Cook sold 99,183 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the sale, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Arthur D. Levinson sold 100,000 shares of the 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 transaction, the director now directly owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 366,271 shares of company stock valued at $63,653,887. 0.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AAPL has been the subject of several research reports. Robert W. Baird boosted their price objective on shares of Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Piper Sandler Companies downgraded Apple to a “neutral” rating and reduced their price objective for the stock from $220.00 to $205.00 in a report on Thursday, January 4th. The Goldman Sachs Group upped their target price on Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Maxim Group assumed coverage on Apple in a research note on Wednesday, April 17th. They set a “hold” rating and a $178.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their target price on shares of Apple from $215.00 to $210.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $203.05.

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.