Black Swift Group LLC Sells 249 Shares of Apple Inc. (NASDAQ:AAPL)

Black Swift Group LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,171 shares of the iPhone maker’s stock after selling 249 shares during the period. Black Swift Group LLC’s holdings in Apple were worth $2,536,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Wyrmwood Management LLC raised its position in Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after buying an additional 69 shares during the last quarter. Gilfoyle & Co LLC raised its position in Apple by 118.0% in the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after buying an additional 118 shares during the last quarter. PayPay Securities Corp raised its position in Apple by 70.2% in the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after buying an additional 210 shares during the last quarter. Cordant Inc. raised its position in Apple by 27.7% in the 3rd quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock worth $110,000 after buying an additional 140 shares during the last quarter. Finally, Life Planning Partners Inc purchased a new position in Apple in the 4th quarter worth about $132,000. Institutional investors own 60.41% of the company’s stock.

Apple Stock Up 0.5 %

NASDAQ AAPL opened at $165.84 on Tuesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The company has a market capitalization of $2.56 trillion, a P/E ratio of 25.83, a P/E/G ratio of 1.99 and a beta of 1.27. Apple Inc. has a one year low of $162.80 and a one year high of $199.62. The stock has a 50 day moving average price of $174.24 and a 200-day moving average price of $182.10.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 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 the consensus estimate of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.88 EPS. As a group, equities analysts predict that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 0.58%. Apple’s payout ratio is presently 14.95%.

Insider Activity at Apple

In related news, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the sale, the chief executive officer now owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the sale, the chief executive officer now owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Luca Maestri sold 53,194 shares of the stock in a transaction 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 sale, the chief financial officer now owns 107,788 shares in the company, valued at approximately $18,768,046.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 366,271 shares of company stock worth $63,653,887. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AAPL shares. Barclays decreased their target price on Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a research report on Friday, February 2nd. Monness Crespi & Hardt boosted their target price on Apple from $189.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Morgan Stanley reduced their price target on shares of Apple from $220.00 to $210.00 and set an “overweight” rating for the company in a research report on Monday. Wedbush reaffirmed an “outperform” rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, April 9th. Finally, Loop Capital reduced their price target on shares of Apple from $185.00 to $170.00 and set a “hold” rating for the company in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $203.05.

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.