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

Conway Capital Management Inc. lessened its holdings in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 157,755 shares of the iPhone maker’s stock after selling 290 shares during the period. Apple comprises 17.5% of Conway Capital Management Inc.’s holdings, making the stock its largest holding. Conway Capital Management Inc.’s holdings in Apple were worth $39,505,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AAPL. International Assets Investment Management LLC lifted its position in Apple by 20,372.7% during the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after purchasing an additional 93,886,664 shares during the period. State Street Corp raised its position in shares of Apple by 10.6% in the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after buying an additional 55,935,105 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 acquiring an additional 20,483,787 shares during the period. FMR LLC boosted its position in shares of Apple by 5.3% during the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after acquiring an additional 18,224,005 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Apple by 6.6% in the third 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 acquiring an additional 5,893,741 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insiders Place Their Bets

In other news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction dated 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 transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.06% of the company’s stock.

Apple Price Performance

AAPL stock opened at $213.49 on Friday. 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 company’s fifty day simple moving average is $234.52 and its 200 day simple moving average is $233.73. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The firm has a market cap of $3.21 trillion, a price-to-earnings ratio of 33.89, a PEG ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is 15.87%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AAPL. Jefferies Financial Group restated an “underperform” rating on shares of Apple in a research note on Wednesday, February 19th. Redburn Partners set a $230.00 price objective on Apple in a research report on Friday, January 31st. UBS Group lifted their target price on Apple to $236.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Argus raised shares of Apple to a “strong-buy” rating in a report on Friday, January 31st. Finally, Bank of America lifted their price target on shares of Apple from $253.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 31st. Four 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 issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $243.22.

Check Out Our Latest Research Report on Apple

Apple Company 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.

See Also

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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