Apple Inc. (NASDAQ:AAPL) Shares Sold by Clay Northam Wealth Management LLC

Clay Northam Wealth Management LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 56,843 shares of the iPhone maker’s stock after selling 220 shares during the quarter. Apple comprises about 9.2% of Clay Northam Wealth Management LLC’s portfolio, making the stock its 2nd biggest position. Clay Northam Wealth Management LLC’s holdings in Apple were worth $14,235,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Drystone LLC purchased a new stake in shares of Apple in the fourth quarter valued at about $25,000. Bull Oak Capital LLC lifted its position in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after purchasing an additional 111 shares during the period. SPX Gestao de Recursos Ltda purchased a new stake in Apple in the 3rd quarter valued at approximately $71,000. Teachers Insurance & Annuity Association of America acquired a new position in Apple during the 3rd quarter worth approximately $77,000. Finally, ARK Investment Management LLC acquired a new stake in shares of Apple in the 3rd quarter valued at approximately $110,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on AAPL. Bank of America boosted their price objective on shares of Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, January 31st. UBS Group boosted their price target on Apple to $236.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. Wedbush reaffirmed an “outperform” rating and issued a $325.00 price objective on shares of Apple in a research note on Friday, March 14th. Barclays boosted their target price on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Finally, Evercore ISI upped their target price on Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $245.52.

Apple Trading Up 0.3 %

AAPL stock opened at $223.89 on Thursday. The company has a market capitalization of $3.36 trillion, a PE ratio of 35.54, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a one year low of $164.08 and a one year high of $260.10. The company’s 50 day moving average price is $230.55 and its two-hundred day moving average price is $233.36.

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

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.

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.