Honeywell International Inc. decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 54.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,800 shares of the iPhone maker’s stock after selling 214,800 shares during the period. Apple comprises 1.7% of Honeywell International Inc.’s holdings, making the stock its 11th largest holding. Honeywell International Inc.’s holdings in Apple were worth $29,831,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smart Portfolios LLC acquired a new stake in Apple in the first quarter valued at approximately $134,000. Oak Point Wealth Management acquired a new stake in Apple in the fourth quarter valued at approximately $163,000. Stuart Chaussee & Associates Inc. boosted its position in Apple by 940.8% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 1,072 shares of the iPhone maker’s stock valued at $181,000 after buying an additional 969 shares in the last quarter. Interactive Financial Advisors acquired a new stake in Apple in the fourth quarter valued at approximately $188,000. Finally, Delphi Private Advisors LLC boosted its position in Apple by 8,292.9% in the fourth quarter. Delphi Private Advisors LLC now owns 1,175 shares of the iPhone maker’s stock valued at $199,000 after buying an additional 1,161 shares in the last quarter. Institutional investors and hedge funds own 58.07% of the company’s stock.
Get Apple alerts:Apple stock opened at $183.92 on Wednesday. Apple Inc. has a fifty-two week low of $142.41 and a fifty-two week high of $194.20. The stock has a market cap of $949.75 billion, a P/E ratio of 18.07, a PEG ratio of 1.54 and a beta of 1.24. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.37 and a current ratio of 1.46.
Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, May 1st. The iPhone maker reported $2.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.69 by $0.04. The firm had revenue of $61.14 billion for the quarter, compared to analysts’ expectations of $60.94 billion. Apple had a net margin of 21.55% and a return on equity of 39.97%. The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.10 earnings per share. research analysts anticipate that Apple Inc. will post 11.42 earnings per share for the current year.
Apple declared that its board has authorized a share buyback plan on Tuesday, May 1st that authorizes the company to repurchase $100.00 billion in outstanding shares. This repurchase authorization authorizes the iPhone maker to repurchase up to 11.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
AAPL has been the topic of a number of research analyst reports. Maxim Group upgraded shares of Apple from a “hold” rating to a “buy” rating in a research report on Thursday, May 31st. Morgan Stanley cut their target price on shares of Apple from $203.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, April 20th. Monness Crespi & Hardt initiated coverage on shares of Apple in a research report on Wednesday, April 11th. They issued a “buy” rating and a $235.00 target price on the stock. Royal Bank of Canada set a $203.00 price target on shares of Apple and gave the company a “buy” rating in a research note on Wednesday, April 11th. Finally, Goldman Sachs Group set a $159.00 price target on shares of Apple and gave the company a “neutral” rating in a research note on Tuesday, April 3rd. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, thirty-one have issued a buy rating and two have given a strong buy rating to the stock. Apple has a consensus rating of “Buy” and a consensus target price of $207.20.
In other Apple news, SVP Daniel J. Riccio sold 17,372 shares of the business’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $187.64, for a total value of $3,259,682.08. Following the transaction, the senior vice president now directly owns 43,644 shares in the company, valued at $8,189,360.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Jeffrey E. Williams sold 15,653 shares of the business’s stock in a transaction dated Friday, June 8th. The shares were sold at an average price of $190.94, for a total transaction of $2,988,783.82. Following the completion of the transaction, the chief operating officer now owns 147,819 shares in the company, valued at $28,224,559.86. The disclosure for this sale can be found here. Over the last quarter, insiders sold 192,208 shares of company stock worth $35,104,302. Corporate insiders own 0.06% of the company’s stock.
Apple Profile
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
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