Apple Inc. (NASDAQ:AAPL) Shares Sold by Guardian Capital Advisors LP

Guardian Capital Advisors LP decreased its stake in Apple Inc. (NASDAQ:AAPL) by 11.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,956 shares of the iPhone maker’s stock after selling 2,272 shares during the quarter. Guardian Capital Advisors LP’s holdings in Apple were worth $5,614,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in Apple by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,450,823 shares of the iPhone maker’s stock worth $6,005,385,000 after purchasing an additional 71,513 shares during the period. Johanson Financial Advisors Inc. raised its stake in shares of Apple by 29,161.0% in the 4th quarter. Johanson Financial Advisors Inc. now owns 16,895,866 shares of the iPhone maker’s stock valued at $57,543,000 after acquiring an additional 16,838,124 shares during the period. Jennison Associates LLC raised its stake in shares of Apple by 9.2% in the 4th quarter. Jennison Associates LLC now owns 14,039,994 shares of the iPhone maker’s stock valued at $4,122,844,000 after acquiring an additional 1,183,091 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of Apple by 1.9% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 14,019,253 shares of the iPhone maker’s stock valued at $3,139,892,000 after acquiring an additional 267,009 shares during the period. Finally, Sanders Capital LLC raised its stake in shares of Apple by 7.8% in the 4th quarter. Sanders Capital LLC now owns 8,787,007 shares of the iPhone maker’s stock valued at $2,855,898,000 after acquiring an additional 633,366 shares during the period. Institutional investors and hedge funds own 60.69% of the company’s stock.

In other Apple news, Director Arthur D. Levinson sold 1,429 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $304.11, for a total transaction of $434,573.19. Following the completion of the transaction, the director now owns 1,134,712 shares in the company, valued at approximately $345,077,266.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.05% of the company’s stock.

NASDAQ AAPL opened at $245.52 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.60 and a debt-to-equity ratio of 1.04. Apple Inc. has a 52 week low of $170.27 and a 52 week high of $327.85. The stock has a market capitalization of $1,080.22 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.30. The firm has a 50 day moving average of $289.96 and a two-hundred day moving average of $270.14.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, January 28th. The iPhone maker reported $4.99 EPS for the quarter, topping the consensus estimate of $4.54 by $0.45. Apple had a net margin of 21.49% and a return on equity of 60.19%. The company had revenue of $91.80 billion during the quarter, compared to analysts’ expectations of $88.41 billion. During the same quarter in the previous year, the business posted $4.18 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. On average, equities research analysts expect that Apple Inc. will post 13.05 earnings per share for the current fiscal year.

A number of research firms have recently issued reports on AAPL. Raymond James boosted their price target on shares of Apple from $280.00 to $360.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. BidaskClub raised shares of Apple from a “hold” rating to a “buy” rating in a research note on Wednesday, March 4th. Cascend Securities reissued a “buy” rating and issued a $350.00 price target (down from $375.00) on shares of Apple in a research note on Monday, March 2nd. Wells Fargo & Co raised shares of Apple from an “equal weight” rating to an “overweight” rating and set a $315.00 price target on the stock in a research note on Friday, March 13th. Finally, Canaccord Genuity restated a “buy” rating and issued a $300.00 price objective (down previously from $345.00) on shares of Apple in a report on Thursday, March 19th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and thirty have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $305.00.

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.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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