Livingston Group Asset Management CO operating as Southport Capital Management Sells 4,802 Shares of Apple Inc. (NASDAQ:AAPL)


Share on StockTwits

Livingston Group Asset Management CO operating as Southport Capital Management reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,469 shares of the iPhone maker’s stock after selling 4,802 shares during the period. Apple comprises approximately 4.8% of Livingston Group Asset Management CO operating as Southport Capital Management’s holdings, making the stock its largest holding. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Apple were worth $13,597,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AAPL. Staley Capital Advisers Inc. raised its position in shares of Apple by 2.2% during the 2nd quarter. Staley Capital Advisers Inc. now owns 43,132 shares of the iPhone maker’s stock valued at $15,735,000 after acquiring an additional 939 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Apple by 1.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 99,281 shares of the iPhone maker’s stock valued at $36,218,000 after acquiring an additional 1,625 shares in the last quarter. BSW Wealth Partners raised its position in shares of Apple by 7.4% during the 2nd quarter. BSW Wealth Partners now owns 14,083 shares of the iPhone maker’s stock valued at $5,137,000 after acquiring an additional 965 shares in the last quarter. TD Asset Management Inc. raised its position in shares of Apple by 9.8% during the 2nd quarter. TD Asset Management Inc. now owns 3,825,958 shares of the iPhone maker’s stock valued at $1,395,710,000 after acquiring an additional 342,117 shares in the last quarter. Finally, FMR LLC raised its position in shares of Apple by 2.6% during the 2nd quarter. FMR LLC now owns 95,825,047 shares of the iPhone maker’s stock valued at $34,956,977,000 after acquiring an additional 2,448,814 shares in the last quarter. 57.77% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have weighed in on AAPL. Loop Capital raised Apple from a “hold” rating to a “buy” rating and increased their target price for the stock from $110.00 to $131.00 in a research report on Monday, November 30th. Canaccord Genuity increased their target price on Apple from $145.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, January 5th. Jefferies Financial Group increased their target price on Apple from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, October 14th. Credit Suisse Group increased their target price on Apple from $106.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, January 4th. Finally, Smith Barney Citigroup increased their target price on Apple from $125.00 to $150.00 in a research report on Friday, December 18th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-seven have assigned a buy rating to the stock. Apple currently has a consensus rating of “Buy” and a consensus price target of $118.61.

AAPL stock opened at $130.89 on Thursday. Apple Inc. has a 52-week low of $53.15 and a 52-week high of $138.79. The company’s 50 day simple moving average is $126.77 and its 200-day simple moving average is $115.12. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.36 and a quick ratio of 1.33. The firm has a market capitalization of $2.20 trillion, a P/E ratio of 40.15, a P/E/G ratio of 2.85 and a beta of 1.28.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, November 3rd. The iPhone maker reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.03. Apple had a net margin of 20.91% and a return on equity of 75.15%. The business had revenue of $64.70 billion for the quarter, compared to analyst estimates of $63.33 billion. During the same quarter in the previous year, the business earned $3.03 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. Sell-side analysts predict that Apple Inc. will post 4.03 EPS for the current fiscal year.

In other Apple news, SVP Katherine L. Adams sold 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $110.42, for a total value of $1,877,140.00. Following the transaction, the senior vice president now owns 320,784 shares in the company, valued at approximately $35,420,969.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Deirdre O’brien sold 31,200 shares of the company’s stock in a transaction that occurred on Friday, October 16th. The shares were sold at an average price of $119.80, for a total transaction of $3,737,760.00. The disclosure for this sale can be found here. Insiders have sold 63,040 shares of company stock worth $7,415,586 in the last 90 days. 0.06% of the stock is owned by company insiders.

Apple Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.

Recommended Story: How to identify percentage decliners

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.