Apple Inc. (NASDAQ:AAPL) Shares Sold by DMC Group LLC

DMC Group LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 52,267 shares of the iPhone maker’s stock after selling 676 shares during the period. Apple makes up approximately 10.7% of DMC Group LLC’s holdings, making the stock its biggest holding. DMC Group LLC’s holdings in Apple were worth $13,089,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Drystone LLC bought a new stake in Apple in the 4th quarter valued at $25,000. Bull Oak Capital LLC raised its stake in shares of Apple by 252.3% in the 3rd 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. Christopher J. Hasenberg Inc lifted its holdings in shares of Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after purchasing an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple during the third quarter worth about $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new position in shares of Apple during the third quarter worth about $77,000. Institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and set a $230.00 price target for the company. in a research report on Tuesday, January 21st. Wells Fargo & Company raised 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. 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 research report on Wednesday, March 12th. UBS Group raised their price objective on Apple to $236.00 and gave the company a “hold” rating in a report on Tuesday, February 25th. Finally, KeyCorp reiterated an “underweight” rating and set a $200.00 target price on shares of Apple in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $243.65.

Apple Stock Up 1.4 %

AAPL stock opened at $223.75 on Wednesday. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The stock has a market capitalization of $3.36 trillion, a price-to-earnings ratio of 35.52, a PEG ratio of 2.44 and a beta of 1.18. The business’s fifty day moving average price is $231.35 and its two-hundred day moving average price is $233.43.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 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%. On average, equities analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently declared 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 was Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

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.