Fiera Capital Corp Sells 4,650 Shares of Apple Inc. (NASDAQ:AAPL)

Fiera Capital Corp lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 13.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,046 shares of the iPhone maker’s stock after selling 4,650 shares during the period. Fiera Capital Corp’s holdings in Apple were worth $6,539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Marmo Financial Group LLC boosted its position in Apple by 56.5% in the first quarter. Marmo Financial Group LLC now owns 1,681 shares of the iPhone maker’s stock valued at $288,000 after buying an additional 607 shares in the last quarter. HighMark Wealth Management LLC raised its stake in Apple by 2.5% during the first quarter. HighMark Wealth Management LLC now owns 4,763 shares of the iPhone maker’s stock worth $834,000 after buying an additional 118 shares during the last quarter. Bradley & Co. Private Wealth Management LLC lifted its holdings in Apple by 5.7% in the first quarter. Bradley & Co. Private Wealth Management LLC now owns 63,356 shares of the iPhone maker’s stock valued at $10,864,000 after buying an additional 3,391 shares during the period. Marks Group Wealth Management Inc increased its holdings in Apple by 1.6% in the first quarter. Marks Group Wealth Management Inc now owns 104,140 shares of the iPhone maker’s stock worth $17,858,000 after purchasing an additional 1,683 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. boosted its stake in Apple by 127.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock worth $12,943,000 after acquiring an additional 42,282 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Insider Activity at Apple

In other news, CFO Luca Maestri sold 59,305 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the transaction, the chief financial officer now owns 107,788 shares in the company, valued at approximately $24,416,137.76. This trade represents a 35.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Katherine L. Adams sold 61,019 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the sale, the senior vice president now directly owns 187,043 shares of the company’s stock, valued at approximately $42,309,126.60. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 404,040 shares of company stock valued at $91,062,512. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $273.00 price target on shares of Apple in a research report on Tuesday, September 10th. Maxim Group lifted their price target on shares of Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Barclays dropped their price target on shares of Apple from $186.00 to $184.00 and set an “underweight” rating on the stock in a research note on Friday, November 1st. StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group boosted their price objective on Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $235.51.

Apple Stock Down 1.4 %

AAPL stock opened at $225.00 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49. The stock has a market cap of $3.40 trillion, a P/E ratio of 37.01, a PEG ratio of 2.21 and a beta of 1.24. The business’s 50-day moving average price is $227.04 and its 200-day moving average price is $215.96.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. The company had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $1.46 EPS. On average, equities research analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio is presently 16.45%.

Apple 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.