Pacifica Partners Inc. Sells 1,161 Shares of Apple Inc. (NASDAQ:AAPL)

Pacifica Partners Inc. reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,479 shares of the iPhone maker’s stock after selling 1,161 shares during the period. Apple accounts for about 6.5% of Pacifica Partners Inc.’s holdings, making the stock its biggest holding. Pacifica Partners Inc.’s holdings in Apple were worth $14,991,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in Apple by 20,372.7% in the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after purchasing an additional 93,886,664 shares during the period. State Street Corp grew its holdings in shares of Apple by 10.6% during the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after purchasing an additional 55,935,105 shares during the period. Geode Capital Management LLC increased its position in shares of Apple by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock worth $77,542,863,000 after purchasing an additional 20,483,787 shares during the last quarter. FMR LLC raised its holdings in Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after buying an additional 18,224,005 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after buying an additional 5,893,741 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AAPL has been the subject of several research analyst reports. Moffett Nathanson reaffirmed a “sell” rating and set a $188.00 target price (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Maxim Group boosted their target price on Apple to $215.00 and gave the company a “hold” rating in a research report on Friday. UBS Group set a $270.00 price target on Apple in a research report on Friday, January 31st. Finally, KeyCorp reaffirmed an “underweight” rating and issued a $200.00 price objective on shares of Apple in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $244.85.

Insider Activity

In related news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.06% of the company’s stock.

Apple Trading Up 0.6 %

AAPL opened at $247.10 on Tuesday. The business’s 50-day simple moving average is $240.39 and its 200-day simple moving average is $233.12. The company has a market cap of $3.71 trillion, a P/E ratio of 39.22, a PEG ratio of 2.44 and a beta of 1.20. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, equities research analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.40%. Apple’s dividend payout ratio is currently 15.87%.

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.