Yarbrough Capital LLC Decreases Position in Apple Inc. (NASDAQ:AAPL)

Yarbrough Capital LLC cut its stake in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,108,540 shares of the iPhone maker’s stock after selling 33,617 shares during the quarter. Apple makes up approximately 21.3% of Yarbrough Capital LLC’s holdings, making the stock its biggest position. Yarbrough Capital LLC’s holdings in Apple were worth $405,957,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Archford Capital Strategies LLC boosted its holdings in Apple by 9.0% in the 4th quarter. Archford Capital Strategies LLC now owns 61,218 shares of the iPhone maker’s stock worth $11,786,000 after buying an additional 5,072 shares during the period. Comprehensive Wealth Management LLC bought a new position in shares of Apple in the fourth quarter worth about $208,000. Kure Advisory LLC grew its position in shares of Apple by 1.9% during the fourth quarter. Kure Advisory LLC now owns 9,933 shares of the iPhone maker’s stock worth $1,912,000 after purchasing an additional 183 shares in the last quarter. Stableford Capital II LLC raised its stake in Apple by 2.3% during the 4th quarter. Stableford Capital II LLC now owns 17,097 shares of the iPhone maker’s stock valued at $3,173,000 after purchasing an additional 389 shares during the period. Finally, Clearview Wealth Advisors LLC lifted its holdings in Apple by 7.2% in the 4th quarter. Clearview Wealth Advisors LLC now owns 6,567 shares of the iPhone maker’s stock worth $1,264,000 after purchasing an additional 443 shares in the last quarter. 60.41% of the stock is owned by hedge funds and other institutional investors.

Apple Price Performance

Shares of AAPL stock opened at $169.65 on Thursday. The stock has a 50 day moving average price of $179.75 and a 200 day moving average price of $182.55. The firm has a market capitalization of $2.62 trillion, a P/E ratio of 26.43, a P/E/G ratio of 2.05 and a beta of 1.27. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a 52-week low of $159.78 and a 52-week high of $199.62.

Apple (NASDAQ:AAPLGet Free Report) last issued its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. The firm 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 business’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.88 earnings per share. As a group, sell-side analysts predict that Apple Inc. will post 6.55 earnings per share for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AAPL. Barclays cut their price objective on shares of Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a report on Friday, February 2nd. UBS Group reaffirmed a “hold” rating and set a $190.00 target price on shares of Apple in a research note on Monday, March 25th. Piper Sandler Companies cut shares of Apple to a “neutral” rating and decreased their price target for the stock from $220.00 to $205.00 in a research note on Thursday, January 4th. Robert W. Baird raised their price objective on Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $200.00 target price on shares of Apple in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $204.23.

View Our Latest Report on AAPL

Insider Activity

In related news, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $170.03, for a total value 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 SEC, which can be accessed through the SEC website. In related news, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the sale, the chief executive officer now directly owns 3,377,407 shares in the company, valued at $574,260,512.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the transaction, the senior vice president now owns 136,572 shares in the company, valued at $23,068,376.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 253,915 shares of company stock valued at $44,202,868. Corporate insiders own 0.06% of the company’s stock.

Apple Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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