America First Investment Advisors LLC Sells 368 Shares of Apple Inc. (NASDAQ:AAPL)

America First Investment Advisors LLC decreased its stake in Apple Inc. (NASDAQ:AAPL) by 4.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 7,998 shares of the iPhone maker’s stock after selling 368 shares during the quarter. Apple accounts for about 0.3% of America First Investment Advisors LLC’s portfolio, making the stock its 22nd largest position. America First Investment Advisors LLC’s holdings in Apple were worth $1,371,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. HF Advisory Group LLC increased its holdings in shares of Apple by 7.5% in the 1st quarter. HF Advisory Group LLC now owns 9,604 shares of the iPhone maker’s stock worth $1,647,000 after buying an additional 666 shares during the last quarter. PFG Investments LLC boosted its position in Apple by 171.1% during the 1st quarter. PFG Investments LLC now owns 594,303 shares of the iPhone maker’s stock valued at $101,911,000 after buying an additional 375,070 shares during the period. Family Investment Center Inc. lifted its position in shares of Apple by 5.0% in the 1st quarter. Family Investment Center Inc. now owns 9,171 shares of the iPhone maker’s stock worth $1,573,000 after purchasing an additional 433 shares during the period. Bay Harbor Wealth Management LLC lifted its position in shares of Apple by 7.9% in the 1st quarter. Bay Harbor Wealth Management LLC now owns 1,256 shares of the iPhone maker’s stock worth $215,000 after purchasing an additional 92 shares during the period. Finally, Oakworth Capital Inc. lifted its position in shares of Apple by 1.5% in the 1st quarter. Oakworth Capital Inc. now owns 227,647 shares of the iPhone maker’s stock worth $39,037,000 after purchasing an additional 3,455 shares during the period. Institutional investors own 60.41% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Apple news, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the transaction, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the transaction, the director now directly owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. Insiders have sold 366,271 shares of company stock valued at $63,653,887 over the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Performance

NASDAQ AAPL traded down $3.17 during trading hours on Tuesday, hitting $170.33. 65,843,830 shares of the company’s stock traded hands, compared to its average volume of 60,583,082. The business’s fifty day moving average price is $172.64 and its two-hundred day moving average price is $181.71. 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 capitalization of $2.63 trillion, a P/E ratio of 26.53, a P/E/G ratio of 2.04 and a beta of 1.27. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $199.62.

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

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio is currently 14.95%.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of recent research reports. Piper Sandler Companies cut shares of Apple to a “neutral” rating and lowered their price target for the company from $220.00 to $205.00 in a research report on Thursday, January 4th. Robert W. Baird lifted their price target 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. DA Davidson initiated coverage on shares of Apple in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 price target for the company. Sanford C. Bernstein raised shares of Apple from a “market perform” rating to an “outperform” rating and set a $195.00 price target for the company in a research report on Monday. Finally, Morgan Stanley lowered 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, April 22nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $202.62.

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.