Prairie Sky Financial Group LLC Has $27.87 Million Position in Apple Inc. (NASDAQ:AAPL)

Prairie Sky Financial Group LLC lowered its stake in Apple Inc. (NASDAQ:AAPL) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,289 shares of the iPhone maker’s stock after selling 354 shares during the quarter. Apple makes up 17.1% of Prairie Sky Financial Group LLC’s investment portfolio, making the stock its largest position. Prairie Sky Financial Group LLC’s holdings in Apple were worth $27,869,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in AAPL. Bull Oak Capital LLC raised its holdings in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares in the last quarter. Hershey Financial Advisers LLC purchased a new stake in Apple in the second quarter worth $42,000. Christopher J. Hasenberg Inc grew its stake in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares during the period. SPX Gestao de Recursos Ltda purchased a new stake in shares of Apple in the third quarter worth $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple in the third quarter worth $77,000. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In related news, COO Jeffrey E. Williams sold 100,000 shares of the company’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 completion of the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is currently owned by insiders.

Apple Stock Down 4.8 %

Apple stock opened at $227.48 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The business’s 50-day simple moving average is $237.06 and its two-hundred day simple moving average is $234.16. The company has a market cap of $3.42 trillion, a PE ratio of 36.11, a PEG ratio of 2.44 and a beta of 1.18. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating 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%. Equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of research analyst reports. Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and set a $230.00 price target on the stock. in a report on Tuesday, January 21st. Barclays raised their price target on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a report on Friday, January 31st. TD Cowen reaffirmed a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Evercore ISI raised their price objective on Apple to $260.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Apple in a research note on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $243.88.

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.