Sustainable Insight Capital Management LLC Sells 3,561 Shares of Apple Inc. (NASDAQ:AAPL)

Sustainable Insight Capital Management LLC lessened its position in Apple Inc. (NASDAQ:AAPL) by 4.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 70,840 shares of the iPhone maker’s stock after selling 3,561 shares during the period. Apple makes up about 7.8% of Sustainable Insight Capital Management LLC’s holdings, making the stock its largest position. Sustainable Insight Capital Management LLC’s holdings in Apple were worth $17,740,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AAPL. Bull Oak Capital LLC raised its holdings in shares of Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares during the last quarter. Hershey Financial Advisers LLC bought a new stake in Apple during the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc raised its stake in shares of Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new position in shares of Apple in the third quarter valued at approximately $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new position in shares of Apple during the third quarter valued at approximately $77,000. Institutional investors own 67.73% of the company’s stock.

Apple Trading Up 1.8 %

Shares of AAPL opened at $213.49 on Friday. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. The stock has a market cap of $3.21 trillion, a PE ratio of 33.89, a P/E/G ratio of 2.44 and a beta of 1.18. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The business’s 50-day moving average price is $234.52 and its 200-day moving average price is $233.73.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, equities analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Insider Activity at Apple

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

Analyst Ratings Changes

A number of equities research analysts recently commented on AAPL shares. Morgan Stanley lowered their price target on Apple from $275.00 to $252.00 and set an “overweight” rating for the company in a research report on Wednesday. Sanford C. Bernstein increased their target price on shares of Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Citigroup boosted their price target on shares of Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Oppenheimer downgraded shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Finally, TD Cowen reissued a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average target price of $243.22.

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.