Apple Inc. (NASDAQ:AAPL) Holdings Trimmed by BTC Capital Management Inc.

BTC Capital Management Inc. reduced its position in Apple Inc. (NASDAQ:AAPL) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 204,404 shares of the iPhone maker’s stock after selling 2,880 shares during the quarter. Apple makes up about 4.7% of BTC Capital Management Inc.’s holdings, making the stock its 2nd largest holding. BTC Capital Management Inc.’s holdings in Apple were worth $51,175,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AAPL. High Net Worth Advisory Group LLC raised its stake in Apple by 1.7% in the 3rd 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 during the last quarter. Amara Financial LLC. acquired a new position in shares of Apple in the third quarter valued at approximately $288,000. Sterling Investment Counsel LLC lifted its stake in shares of Apple by 3.8% during the third 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 during the period. Silicon Valley Capital Partners boosted its position in Apple by 12.8% during the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock worth $59,122,000 after acquiring an additional 28,799 shares during the last quarter. Finally, Catalyst Financial Partners LLC grew its stake in Apple by 4.2% in the 3rd 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 during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Trading Up 1.0 %

NASDAQ AAPL opened at $223.85 on Friday. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10. The business has a 50 day moving average price of $230.94 and a 200-day moving average price of $233.28. 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 company has a market cap of $3.36 trillion, a price-to-earnings ratio of 35.53, a P/E/G ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last issued 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%. As a group, equities analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently commented on AAPL. JPMorgan Chase & Co. upped their target price on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Redburn Partners set a $230.00 price objective on shares of Apple in a report on Friday, January 31st. KeyCorp restated an “underweight” rating and issued a $200.00 target price on shares of Apple in a report on Friday, January 31st. Citigroup increased their price target on shares of Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, Monness Crespi & Hardt upped their price objective on Apple to $245.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average target price of $243.65.

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.