Sollinda Capital Management LLC Sells 3,875 Shares of Apple Inc. (NASDAQ:AAPL)

Sollinda Capital Management LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 32.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,000 shares of the iPhone maker’s stock after selling 3,875 shares during the period. Apple makes up about 0.4% of Sollinda Capital Management LLC’s investment portfolio, making the stock its 23rd largest position. Sollinda Capital Management LLC’s holdings in Apple were worth $1,372,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Apple by 1.4% during the fourth 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 last quarter. Morgan Stanley increased its stake in Apple by 1.0% in the third quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock worth $35,394,751,000 after purchasing an additional 2,018,010 shares during the period. Norges Bank bought a new stake in shares of Apple during the fourth quarter worth $33,912,466,000. International Assets Investment Management LLC boosted its stake in shares of Apple by 14,395.4% during the fourth 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 purchasing an additional 70,212,651 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Apple by 3.6% in the fourth quarter. Wellington Management Group LLP now owns 60,651,275 shares of the iPhone maker’s stock worth $11,677,190,000 after purchasing an additional 2,096,360 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Price Performance

NASDAQ:AAPL traded down $0.59 during trading hours on Friday, reaching $169.30. 44,717,137 shares of the company were exchanged, 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 firm has a market cap of $2.61 trillion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.05 and a beta of 1.27. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $199.62. The stock’s 50-day moving average is $173.04 and its 200-day moving average is $181.79.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. During the same quarter last year, the business posted $1.88 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Dividend Announcement

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 was Friday, February 9th. Apple’s dividend payout ratio (DPR) is 14.95%.

Insider Transactions at Apple

In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the sale, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the transaction, the senior vice president now directly owns 136,572 shares in the company, valued at $23,068,376.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Luca Maestri sold 53,194 shares of Apple 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 completion of 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. Insiders have sold a total of 366,271 shares of company stock worth $63,653,887 in the last ninety days. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the subject of several research reports. Robert W. Baird boosted their price objective on shares of Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Rosenblatt Securities reissued a “neutral” rating and issued a $189.00 price objective on shares of Apple in a research note on Tuesday, March 5th. Needham & Company LLC reiterated a “buy” rating and set a $220.00 price objective on shares of Apple in a research note on Tuesday, April 16th. DZ Bank reaffirmed a “hold” rating and issued a $180.00 price target on shares of Apple in a report on Thursday, March 28th. Finally, Maxim Group began coverage on Apple in a report on Wednesday, April 17th. They set a “hold” rating and a $178.00 price objective for the company. One 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $203.05.

Apple Company 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.