Integrated Investment Consultants LLC Trims Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Integrated Investment Consultants LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.0% during the fourth quarter, HoldingsChannel reports. The fund owned 1,736,299 shares of the iPhone maker’s stock after selling 351 shares during the quarter. Apple comprises about 9.6% of Integrated Investment Consultants LLC’s portfolio, making the stock its 3rd largest holding. Integrated Investment Consultants LLC’s holdings in Apple were worth $434,804,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Dimensions Group Ltd. grew its position in shares of Apple by 1.4% in the 2nd quarter. Wealth Dimensions Group Ltd. now owns 61,794 shares of the iPhone maker’s stock valued at $13,015,000 after buying an additional 852 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Apple by 5.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 52,981,808 shares of the iPhone maker’s stock valued at $11,160,183,000 after buying an additional 2,785,807 shares during the last quarter. American Planning Services Inc. grew its position in shares of Apple by 109.2% in the 2nd quarter. American Planning Services Inc. now owns 23,111 shares of the iPhone maker’s stock valued at $4,868,000 after buying an additional 12,064 shares during the last quarter. Menard Financial Group LLC grew its position in shares of Apple by 13.4% in the 2nd quarter. Menard Financial Group LLC now owns 12,173 shares of the iPhone maker’s stock valued at $2,564,000 after buying an additional 1,438 shares during the last quarter. Finally, Grunden Financial Advisory Inc. grew its position in shares of Apple by 3.4% in the 2nd quarter. Grunden Financial Advisory Inc. now owns 3,218 shares of the iPhone maker’s stock valued at $678,000 after buying an additional 106 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Stock Down 1.6 %

AAPL opened at $238.03 on Tuesday. The company has a market cap of $3.58 trillion, a P/E ratio of 37.78, a P/E/G ratio of 2.44 and a beta of 1.20. The business’s 50-day moving average price is $239.26 and its 200-day moving average price is $233.85. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, equities analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.42%. Apple’s payout ratio is presently 15.87%.

Analyst Upgrades and Downgrades

A number of research firms have commented on AAPL. Monness Crespi & Hardt upped their price target on Apple to $245.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Morgan Stanley set a $275.00 target price on Apple in a research report on Tuesday, February 11th. Maxim Group upped their target price on Apple to $215.00 and gave the company a “hold” rating in a research report on Friday, February 21st. UBS Group upped their target price on Apple to $236.00 and gave the company a “hold” rating in a research report on Tuesday, February 25th. Finally, Rosenblatt Securities restated a “buy” rating and set a $262.00 target price on shares of Apple in a research report on Monday, January 27th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $243.88.

Insider Buying and Selling

In related news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.06% of the stock is owned by insiders.

Apple 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.