Apple Inc. (NASDAQ:AAPL) is American Institute for Advanced Investment Management LLP’s 4th Largest Position

American Institute for Advanced Investment Management LLP lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 9.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,028 shares of the iPhone maker’s stock after selling 2,330 shares during the quarter. Apple comprises 4.1% of American Institute for Advanced Investment Management LLP’s portfolio, making the stock its 4th largest position. American Institute for Advanced Investment Management LLP’s holdings in Apple were worth $5,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of AAPL. High Net Worth Advisory Group LLC increased its stake in shares of Apple by 1.7% during the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock valued at $14,916,000 after purchasing an additional 1,066 shares in the last quarter. Amara Financial LLC. purchased a new stake in shares of Apple in the 3rd quarter worth approximately $288,000. Sterling Investment Counsel LLC increased its position in Apple by 3.8% during the 3rd quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after buying an additional 2,565 shares in the last quarter. Silicon Valley Capital Partners raised its stake in Apple by 12.8% during the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock valued at $59,122,000 after buying an additional 28,799 shares during the last quarter. Finally, Catalyst Financial Partners LLC boosted its holdings in Apple by 4.2% in the third quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock worth $22,505,000 after acquiring an additional 3,935 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Apple Trading Up 1.4 %

Apple stock opened at $223.75 on Wednesday. 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 $164.08 and a 12-month high of $260.10. The firm has a market capitalization of $3.36 trillion, a price-to-earnings ratio of 35.52, a P/E/G ratio of 2.44 and a beta of 1.18. The firm has a 50 day moving average of $231.35 and a 200 day moving average of $233.43.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, research analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. Apple’s payout ratio is 15.87%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AAPL. Maxim Group raised their price target on Apple to $215.00 and gave the company a “hold” rating in a report on Friday, February 21st. Wedbush restated an “outperform” rating and set a $325.00 price objective on shares of Apple in a research note on Friday, March 14th. Bank of America lifted their target price on shares of Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Morgan Stanley cut their price target on shares of Apple from $275.00 to $252.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $243.65.

About Apple

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.