Apple Inc. (NASDAQ:AAPL) Shares Sold by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY reduced its position in Apple Inc. (NASDAQ:AAPL) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322,369 shares of the iPhone maker’s stock after selling 9,965 shares during the period. Apple comprises about 10.3% of Burns J W & Co. Inc. NY’s portfolio, making the stock its biggest holding. Burns J W & Co. Inc. NY’s holdings in Apple were worth $80,728,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AAPL. Bull Oak Capital LLC raised its position in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new position in Apple during the second quarter worth $42,000. Christopher J. Hasenberg Inc raised its position in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares during the period. SPX Gestao de Recursos Ltda acquired a new position in Apple during the third quarter worth $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in Apple during the third quarter worth $77,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Down 0.1 %

AAPL stock opened at $245.55 on Friday. 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 twelve month low of $164.07 and a twelve month high of $260.10. The company’s 50 day moving average is $240.47 and its two-hundred day moving average is $232.72. The stock has a market cap of $3.69 trillion, a P/E ratio of 38.98, a PEG ratio of 2.44 and a beta of 1.20.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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%. Research analysts expect 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. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. Apple’s payout ratio is currently 15.87%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AAPL shares. TD Cowen restated a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Loop Capital cut shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research report on Tuesday, January 21st. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 target price on shares of Apple in a research report on Friday, January 31st. Wells Fargo & Company increased their target price on shares of Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Moffett Nathanson reiterated a “sell” rating and issued a $188.00 target price (down from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Four 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $244.85.

Insiders Place Their Bets

In other news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.06% of the stock is owned by corporate insiders.

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.