Mainstay Capital Management LLC ADV Has $1.87 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Mainstay Capital Management LLC ADV lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 18.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,693 shares of the iPhone maker’s stock after selling 2,244 shares during the quarter. Apple makes up approximately 0.4% of Mainstay Capital Management LLC ADV’s investment portfolio, making the stock its 17th largest position. Mainstay Capital Management LLC ADV’s holdings in Apple were worth $1,866,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Caliber Wealth Management LLC grew its position in shares of Apple by 4.3% in the third quarter. Caliber Wealth Management LLC now owns 16,457 shares of the iPhone maker’s stock valued at $2,818,000 after purchasing an additional 680 shares during the last quarter. OneAscent Financial Services LLC acquired a new position in shares of Apple in the third quarter valued at approximately $4,742,000. Strategic Advisors LLC grew its position in shares of Apple by 0.4% in the third quarter. Strategic Advisors LLC now owns 247,174 shares of the iPhone maker’s stock valued at $42,319,000 after purchasing an additional 965 shares during the last quarter. PSI Advisors LLC grew its position in shares of Apple by 0.3% in the third quarter. PSI Advisors LLC now owns 34,841 shares of the iPhone maker’s stock valued at $5,965,000 after purchasing an additional 95 shares during the last quarter. Finally, Hofer & Associates. Inc grew its position in shares of Apple by 0.4% in the third quarter. Hofer & Associates. Inc now owns 23,641 shares of the iPhone maker’s stock valued at $4,048,000 after purchasing an additional 103 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Stock Down 1.8 %

Shares of AAPL opened at $170.33 on Wednesday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $199.62. The stock has a market capitalization of $2.63 trillion, a price-to-earnings ratio of 26.53, a PEG ratio of 2.04 and a beta of 1.27. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The stock has a fifty day moving average of $172.64 and a 200-day moving average of $181.71.

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 the consensus estimate of $2.09 by $0.09. The business had revenue of $119.60 billion during 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%. Apple’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the company earned $1.88 EPS. As a group, sell-side analysts anticipate that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Announces Dividend

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. This represents a $0.96 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio is currently 14.95%.

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction on 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 completion of 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 SEC, which can be accessed through the SEC website. In related news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction 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 directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction dated 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 sale, the senior vice president now owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock valued at $63,653,887 in the last three months. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on AAPL. DZ Bank reaffirmed a “hold” rating and issued a $180.00 target price on shares of Apple in a research report on Thursday, March 28th. Barclays reissued an “underweight” rating and set a $158.00 price target on shares of Apple in a research report on Tuesday, April 23rd. Loop Capital reduced their price target on Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a research report on Monday, April 1st. Piper Sandler reduced their price target on Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. Finally, Monness Crespi & Hardt increased their price target on Apple from $189.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $202.62.

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.