Caerus Investment Advisors LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 19.0% during the 4th quarter, HoldingsChannel reports. The firm owned 17,917 shares of the iPhone maker’s stock after selling 4,200 shares during the quarter. Apple accounts for 3.3% of Caerus Investment Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. Caerus Investment Advisors LLC’s holdings in Apple were worth $3,450,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AAPL. Atlantic Private Wealth LLC purchased a new position in Apple during the 1st quarter worth approximately $30,000. Wyrmwood Management LLC grew its holdings in shares of Apple by 69.0% during the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after acquiring an additional 69 shares in the last quarter. Gilfoyle & Co LLC grew its holdings in shares of Apple by 118.0% during the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after acquiring an additional 118 shares in the last quarter. Summit Wealth Group LLC grew its holdings in shares of Apple by 16,252.3% during the 1st quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 6,949,659 shares in the last quarter. Finally, HBC Financial Services PLLC grew its holdings in shares of Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after acquiring an additional 80 shares in the last quarter. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on AAPL. Redburn Partners cut shares of Apple to a “neutral” rating and set a $200.00 price target on the stock. in a report on Wednesday, January 10th. Morgan Stanley restated an “overweight” rating and set a $220.00 price target on shares of Apple in a report on Friday, March 22nd. Bank of America upgraded shares of Apple from a “neutral” rating to a “buy” rating and boosted their price target for the company from $208.00 to $225.00 in a report on Thursday, January 18th. UBS Group restated a “hold” rating and set a $190.00 price target on shares of Apple in a report on Monday, March 25th. Finally, Oppenheimer restated an “outperform” rating and set a $200.00 price target on shares of Apple in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, twelve have given 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $204.08.

View Our Latest Stock Analysis on AAPL

Apple Stock Down 1.9 %

NASDAQ AAPL opened at $169.38 on Wednesday. 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 firm has a 50-day simple moving average of $176.00 and a 200 day simple moving average of $182.31. Apple Inc. has a twelve month low of $162.80 and a twelve month high of $199.62. The stock has a market cap of $2.62 trillion, a PE ratio of 26.38, a PEG ratio of 2.13 and a beta of 1.27.

Apple (NASDAQ:AAPL – Get Free Report) last released its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the company earned $1.88 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. On average, research analysts forecast that Apple Inc. will post 6.55 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 paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Friday, February 9th. Apple’s payout ratio is presently 14.95%.

Insider Activity at Apple

In related news, CFO Luca Maestri sold 53,194 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $174.12, for a total value of $9,262,139.28. Following the completion of the sale, the chief financial officer now owns 107,788 shares in the company, valued at $18,768,046.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were 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 owns 136,572 shares in the company, valued at $23,068,376.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Luca Maestri sold 53,194 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the transaction, the chief financial officer now owns 107,788 shares of the company’s stock, valued at approximately $18,768,046.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 366,271 shares of company stock worth $63,653,887. Company insiders own 0.06% of the company’s stock.

Apple Profile

(Free Report)

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.

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