Krilogy Financial LLC lessened its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 224,422 shares of the iPhone maker's stock after selling 7,067 shares during the quarter. Apple makes up approximately 3.7% of Krilogy Financial LLC's portfolio, making the stock its 4th biggest holding. Krilogy Financial LLC's holdings in Apple were worth $56,200,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bull Oak Capital LLC boosted 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 valued at $36,000 after buying an additional 111 shares during the period. Hershey Financial Advisers LLC bought a new position in Apple in the second quarter worth about $42,000. SPX Gestao de Recursos Ltda bought a new position in Apple in the third quarter worth about $71,000. Christopher J. Hasenberg Inc increased its stake in shares of Apple by 88.9% during 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. Finally, Teachers Insurance & Annuity Association of America bought a new position in shares of Apple during the third quarter valued at approximately $77,000. Institutional investors own 67.73% of the company's stock.
Analyst Ratings Changes
Several brokerages recently weighed in on AAPL. Jefferies Financial Group reissued an "underperform" rating on shares of Apple in a research report on Wednesday, February 19th. Monness Crespi & Hardt lifted their price target on shares of Apple to $245.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Barclays raised their price objective on shares of Apple from $183.00 to $197.00 and gave the company an "underweight" rating in a research report on Friday, January 31st. Loop Capital downgraded shares of Apple from a "buy" rating to a "hold" rating and set a $230.00 target price on the stock. in a report on Tuesday, January 21st. Finally, Oppenheimer downgraded shares of Apple from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, Apple has an average rating of "Moderate Buy" and a consensus target price of $243.88.
Read Our Latest Analysis on Apple
Apple Stock Performance
AAPL stock traded down $0.19 during trading hours on Wednesday, reaching $235.74. The stock had a trading volume of 47,184,984 shares, compared to its average volume of 53,560,264. The stock has a market capitalization of $3.54 trillion, a PE ratio of 37.42, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20. 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 50-day simple moving average of $238.81 and a 200 day simple moving average of $233.92. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10.
Apple (NASDAQ:AAPL - Get Free Report) 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%. Analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.
Apple Dividend Announcement
The firm also recently announced 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. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.42%. Apple's dividend payout ratio is presently 15.87%.
Insider Buying and Selling
In other news, COO Jeffrey E. Williams sold 100,000 shares of the business'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 value of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is owned by corporate insiders.
Apple Company Profile
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Free Report)
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.
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