Apple Inc. (NASDAQ:AAPL) Stock Holdings Trimmed by Boston Standard Wealth Management LLC

Boston Standard Wealth Management LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,521 shares of the iPhone maker’s stock after selling 116 shares during the quarter. Apple accounts for approximately 0.2% of Boston Standard Wealth Management LLC’s holdings, making the stock its 26th largest position. Boston Standard Wealth Management LLC’s holdings in Apple were worth $775,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Wyrmwood Management LLC raised its stake in shares of Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after buying an additional 69 shares in the last quarter. A.P. Gilfoyle & Co. L.P. acquired a new position in Apple during the fourth quarter worth about $39,000. Gilfoyle & Co LLC raised its position in Apple by 118.0% in the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after acquiring an additional 118 shares in the last quarter. University of Texas Texas AM Investment Managment Co. lifted its holdings in Apple by 657.1% in the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock valued at $82,000 after acquiring an additional 368 shares during the last quarter. Finally, Clarity Asset Management Inc. bought a new position in shares of Apple during the 4th quarter valued at about $85,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Apple news, Director Arthur D. Levinson sold 75,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $191.58, for a total transaction of $14,368,500.00. Following the transaction, the director now owns 4,359,576 shares in the company, valued at $835,207,570.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction of $16,864,085.49. Following the completion of the transaction, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arthur D. Levinson sold 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $191.58, for a total value of $14,368,500.00. Following the completion of the sale, the director now directly owns 4,359,576 shares in the company, valued at approximately $835,207,570.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 346,270 shares of company stock worth $60,880,196. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Loop Capital dropped their target price on shares of Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a report on Monday, April 1st. Monness Crespi & Hardt reiterated a “buy” rating and set a $205.00 price objective on shares of Apple in a research report on Thursday, June 6th. Maxim Group lifted their target price on Apple from $178.00 to $195.00 and gave the stock a “hold” rating in a report on Tuesday. Bank of America reaffirmed a “buy” rating and set a $230.00 target price on shares of Apple in a research report on Wednesday, June 12th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price target on shares of Apple in a research report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.46.

Apple Stock Performance

AAPL stock opened at $209.07 on Wednesday. The firm has a 50 day moving average of $189.37 and a two-hundred day moving average of $184.94. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $220.20. The company has a market capitalization of $3.21 trillion, a price-to-earnings ratio of 32.51, a P/E/G ratio of 2.52 and a beta of 1.25. The company has a quick ratio of 0.99, a current ratio of 1.04 and a debt-to-equity ratio of 1.24.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. Apple had a net margin of 26.31% and a return on equity of 148.33%. The firm had revenue of $90.75 billion during the quarter, compared to analysts’ expectations of $90.37 billion. During the same period in the prior year, the company posted $1.52 earnings per share. Apple’s revenue for the quarter was down 4.3% on a year-over-year basis. As a group, equities analysts anticipate that Apple Inc. will post 6.58 EPS for the current fiscal year.

Apple announced that its Board of Directors has initiated a stock repurchase program on Thursday, May 2nd that authorizes the company to repurchase $110.00 billion in outstanding shares. This repurchase authorization authorizes the iPhone maker to buy up to 3.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 13th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.48%. This is an increase from Apple’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, May 10th. Apple’s dividend payout ratio (DPR) is presently 15.55%.

About Apple

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.