Perigon Wealth Management LLC Sells 423 Shares of Apple Inc. (NASDAQ:AAPL)

Perigon Wealth Management LLC lessened its stake in Apple Inc. (NASDAQ:AAPL) by 0.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,164,527 shares of the iPhone maker’s stock after selling 423 shares during the period. Apple comprises 6.5% of Perigon Wealth Management LLC’s investment portfolio, making the stock its biggest position. Perigon Wealth Management LLC’s holdings in Apple were worth $265,815,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bull Oak Capital LLC boosted its stake 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 worth $36,000 after acquiring an additional 111 shares in the last quarter. Christopher J. Hasenberg Inc raised its holdings in Apple by 88.9% in the 3rd 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 position in Apple during the third quarter worth approximately $71,000. Teachers Insurance & Annuity Association of America acquired a new stake in Apple in the third quarter valued at approximately $77,000. Finally, ARK Investment Management LLC purchased a new stake in shares of Apple in the third quarter valued at approximately $110,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AAPL shares. Oppenheimer lowered Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Morgan Stanley dropped their target price on shares of Apple from $275.00 to $252.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Bank of America upped their price target on shares of Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Monness Crespi & Hardt lifted their price objective on Apple to $245.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company increased their target price on Apple to $275.00 and gave the company a “buy” rating in a report on Monday, December 9th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $243.65.

Apple Stock Up 1.9 %

Shares of NASDAQ AAPL opened at $218.27 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average is $231.82 and its two-hundred day moving average is $233.33. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The firm has a market cap of $3.28 trillion, a price-to-earnings ratio of 34.65, a PEG ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last posted 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%. Research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is 15.87%.

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.