Apple Inc. (NASDAQ:AAPL) Shares Sold by Lionsbridge Wealth Management LLC

Lionsbridge Wealth Management LLC cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 35.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 9,768 shares of the iPhone maker’s stock after selling 5,471 shares during the period. Apple makes up approximately 2.1% of Lionsbridge Wealth Management LLC’s investment portfolio, making the stock its 17th biggest position. Lionsbridge Wealth Management LLC’s holdings in Apple were worth $2,446,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bull Oak Capital LLC boosted its stake in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after purchasing an additional 111 shares during the period. Hershey Financial Advisers LLC purchased a new position in Apple in the second quarter worth approximately $42,000. Christopher J. Hasenberg Inc lifted its stake in 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 acquiring an additional 144 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new position in Apple in the third quarter worth approximately $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new position in Apple in the third quarter worth approximately $77,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In related news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of NASDAQ AAPL opened at $239.07 on Friday. The firm has a market capitalization of $3.59 trillion, a P/E ratio of 37.95, a PEG ratio of 2.44 and a beta of 1.18. Apple Inc. has a one year low of $164.08 and a one year high of $260.10. The company’s fifty day moving average is $237.56 and its two-hundred day moving average is $234.08. 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 issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping 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%. 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 was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.42%. Apple’s dividend payout ratio is presently 15.87%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Loop Capital downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price target for the company. in a research note on Tuesday, January 21st. Jefferies Financial Group reiterated an “underperform” rating on shares of Apple in a research note on Wednesday, February 19th. Raymond James boosted their price objective on shares of Apple to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 20th. Rosenblatt Securities restated a “buy” rating and set a $262.00 price objective on shares of Apple in a research report on Monday, January 27th. Finally, Oppenheimer downgraded shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $243.88.

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.