Apple Inc. (NASDAQ:AAPL) Shares Sold by Heron Bay Capital Management

Apple Inc. (NASDAQ:AAPL) Shares Sold by Heron Bay Capital Management


Heron Bay Capital Management reduced its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,811 shares of the iPhone maker’s stock after selling 2,609 shares during the period. Apple makes up approximately 3.9% of Heron Bay Capital Management’s portfolio, making the stock its 7th largest position. Heron Bay Capital Management’s holdings in Apple were worth $16,714,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Archford Capital Strategies LLC increased its holdings in Apple by 9.0% in the fourth quarter. Archford Capital Strategies LLC now owns 61,218 shares of the iPhone maker’s stock valued at $11,786,000 after buying an additional 5,072 shares in the last quarter. Comprehensive Wealth Management LLC acquired a new position in Apple during the fourth quarter worth $208,000. Kure Advisory LLC raised its stake in shares of Apple by 1.9% during the 4th quarter. Kure Advisory LLC now owns 9,933 shares of the iPhone maker’s stock worth $1,912,000 after buying an additional 183 shares during the last quarter. Stableford Capital II LLC increased its holdings in Apple by 2.3% during the 4th quarter. Stableford Capital II LLC now owns 17,097 shares of the iPhone maker’s stock valued at $3,173,000 after acquiring an additional 389 shares in the last quarter. Finally, Clearview Wealth Advisors LLC lifted its holdings in shares of Apple by 7.2% in the fourth quarter. Clearview Wealth Advisors LLC now owns 6,567 shares of the iPhone maker’s stock valued at $1,264,000 after purchasing an additional 443 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Buying and Selling

In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the sale, the senior vice president now owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Deirdre O’brien sold 54,732 shares of the business’s 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 completion of the transaction, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 253,915 shares of company stock valued at $44,202,868. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. DZ Bank restated a “hold” rating and set a $180.00 price objective on shares of Apple in a research report on Thursday, March 28th. Citigroup restated a “buy” rating and issued a $225.00 price objective on shares of Apple in a research report on Friday, February 16th. Wedbush reiterated an “outperform” rating and set a $250.00 price objective on shares of Apple in a research report on Thursday, March 21st. Monness Crespi & Hardt boosted their target price on shares of Apple from $189.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Piper Sandler Companies cut shares of Apple to a “neutral” rating and decreased their price target for the stock from $220.00 to $205.00 in a research note on Thursday, January 4th. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $204.23.
View Our Latest Stock Report on Apple

Apple Price Performance

AAPL opened at $169.65 on Thursday. Apple Inc. has a 52-week low of $159.78 and a 52-week high of $199.62. The company has a 50 day moving average of $179.75 and a two-hundred day moving average of $182.55. The company has a market cap of $2.62 trillion, a P/E ratio of 26.43, a P/E/G ratio of 2.05 and a beta of 1.27. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. During the same period in the prior year, the company earned $1.88 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. On average, analysts expect that Apple Inc. will post 6.55 earnings per share for the current 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 issued 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 payout ratio is currently 14.95%.

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.

Read More

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SECFilingChart - Apple Inc. (NASDAQ:AAPL) Shares Sold by Heron Bay Capital Management



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