Apple Inc. (NASDAQ:AAPL) Stock Holdings Trimmed by Horst & Graben Wealth Management LLC

Horst & Graben Wealth Management LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 1.7% in the 1st quarter, HoldingsChannel reports. The firm owned 41,095 shares of the iPhone maker’s stock after selling 726 shares during the quarter. Apple makes up 1.4% of Horst & Graben Wealth Management LLC’s portfolio, making the stock its 18th largest holding. Horst & Graben Wealth Management LLC’s holdings in Apple were worth $7,047,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Apple by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 1,318,064,349 shares of the iPhone maker’s stock valued at $253,766,929,000 after buying an additional 18,067,216 shares during the period. Morgan Stanley increased its stake in Apple by 1.0% during the 3rd quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock valued at $35,394,751,000 after buying an additional 2,018,010 shares during the period. Norges Bank acquired a new position in Apple during the 4th quarter valued at about $33,912,466,000. International Assets Investment Management LLC increased its stake in Apple by 14,395.4% during the 4th quarter. International Assets Investment Management LLC now owns 70,700,395 shares of the iPhone maker’s stock valued at $136,119,470,000 after buying an additional 70,212,651 shares during the period. Finally, Wellington Management Group LLP increased its stake in Apple by 3.6% during the 4th quarter. Wellington Management Group LLP now owns 60,651,275 shares of the iPhone maker’s stock valued at $11,677,190,000 after buying an additional 2,096,360 shares during the period. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In other news, CFO Luca Maestri sold 53,194 shares of Apple stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total value of $9,262,139.28. Following the transaction, the chief financial officer now owns 107,788 shares of the company’s stock, valued at $18,768,046.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, COO Jeffrey E. Williams sold 59,162 shares of Apple stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $172.22, for a total value of $10,188,879.64. Following the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $84,378,155.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Luca Maestri sold 53,194 shares of Apple stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the completion of the transaction, the chief financial officer now directly owns 107,788 shares in the company, valued at approximately $18,768,046.56. The disclosure for this sale can be found here. Insiders sold 366,271 shares of company stock worth $63,653,887 over the last ninety days. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on AAPL. Maxim Group began coverage on shares of Apple in a research note on Wednesday, April 17th. They set a “hold” rating and a $178.00 target price on the stock. Barclays reaffirmed an “underweight” rating and issued a $158.00 price objective on shares of Apple in a research note on Tuesday, April 23rd. Redburn Atlantic cut shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 price objective on the stock. in a research note on Wednesday, January 10th. UBS Group reaffirmed a “hold” rating and issued a $190.00 price objective on shares of Apple in a research note on Monday, March 25th. Finally, DA Davidson began coverage on shares of Apple in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $203.05.

Apple Stock Down 0.3 %

NASDAQ AAPL traded down $0.59 during trading on Friday, reaching $169.30. The company’s stock had a trading volume of 44,717,137 shares, compared to its average volume of 53,363,952. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $2.61 trillion, a PE ratio of 26.37, a PEG ratio of 2.04 and a beta of 1.27. The business has a 50-day moving average price of $173.04 and a 200-day moving average price of $181.83. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $199.62.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. The firm had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.88 earnings per share. On average, research analysts forecast that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio (DPR) is presently 14.95%.

About Apple

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.