Harborview Advisors LLC reduced its holdings in Apple Inc. (NASDAQ:AAPL) by 6.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,362 shares of the iPhone maker’s stock after selling 471 shares during the quarter. Apple makes up 1.4% of Harborview Advisors LLC’s portfolio, making the stock its 14th biggest position. Harborview Advisors LLC’s holdings in Apple were worth $1,161,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Contravisory Investment Management Inc. increased its holdings in shares of Apple by 30.6% in the 4th quarter. Contravisory Investment Management Inc. now owns 614 shares of the iPhone maker’s stock worth $97,000 after acquiring an additional 144 shares during the period. CKW Financial Group increased its holdings in shares of Apple by 15.0% in the 4th quarter. CKW Financial Group now owns 807 shares of the iPhone maker’s stock worth $127,000 after acquiring an additional 105 shares during the period. Brand Asset Management Group Inc. increased its holdings in shares of Apple by 75.3% in the 4th quarter. Brand Asset Management Group Inc. now owns 1,152 shares of the iPhone maker’s stock worth $182,000 after acquiring an additional 495 shares during the period. Sequoia Wealth Management LLC acquired a new stake in shares of Apple in the 4th quarter worth about $200,000. Finally, Leith Wheeler Investment Counsel Ltd. acquired a new stake in shares of Apple in the 3rd quarter worth about $201,000. Institutional investors own 57.36% of the company’s stock.

In other news, insider Luca Maestri sold 51,138 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $196.61, for a total transaction of $10,054,242.18. Following the completion of the transaction, the insider now owns 27,448 shares in the company, valued at approximately $5,396,551.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Arthur D. Levinson sold 35,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $210.86, for a total transaction of $7,380,100.00. Following the transaction, the director now owns 1,168,283 shares of the company’s stock, valued at approximately $246,344,153.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 142,549 shares of company stock valued at $29,300,960. Insiders own 0.05% of the company’s stock.

AAPL has been the topic of a number of analyst reports. UBS Group increased their price objective on shares of Apple from $180.00 to $185.00 in a report on Wednesday, January 30th. Citigroup reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Apple in a report on Wednesday, January 30th. Canaccord Genuity dropped their price objective on shares of Apple from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, January 30th. Monness Crespi & Hardt raised their target price on shares of Apple from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, January 30th. Finally, BTIG Research lowered their target price on shares of Apple from $197.00 to $189.00 and set a “buy” rating on the stock in a research note on Wednesday, January 30th. Three investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Apple has a consensus rating of “Hold” and a consensus price target of $211.43.

NASDAQ:AAPL opened at $190.92 on Thursday. Apple Inc. has a twelve month low of $142.00 and a twelve month high of $233.47. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.32 and a quick ratio of 1.26. The stock has a market cap of $912.84 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.57 and a beta of 1.14.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, April 30th. The iPhone maker reported $2.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.37 by $0.09. Apple had a net margin of 22.12% and a return on equity of 51.29%. The company had revenue of $58.02 billion during the quarter, compared to analyst estimates of $57.40 billion. During the same quarter last year, the firm posted $2.73 EPS. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. Equities research analysts expect that Apple Inc. will post 11.48 earnings per share for the current year.

Apple declared that its Board of Directors has approved a stock repurchase program on Tuesday, April 30th that permits the company to repurchase $75.00 billion in shares. This repurchase authorization permits the iPhone maker to purchase up to 7.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, May 13th will be given a dividend of $0.77 per share. This is a positive change from Apple’s previous quarterly dividend of $0.73. The ex-dividend date is Friday, May 10th. This represents a $3.08 annualized dividend and a dividend yield of 1.61%. Apple’s dividend payout ratio (DPR) is 25.86%.

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Apple Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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