Aspiriant LLC Cuts Stake in Apple Inc. (NASDAQ:AAPL)

Aspiriant LLC lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,142 shares of the iPhone maker's stock after selling 4,409 shares during the quarter. Apple accounts for about 2.7% of Aspiriant LLC's portfolio, making the stock its 8th biggest position. Aspiriant LLC's holdings in Apple were worth $75,162,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AAPL. Brookmont Capital Management boosted its stake in Apple by 14.5% in the 4th quarter. Brookmont Capital Management now owns 1,065 shares of the iPhone maker's stock worth $267,000 after purchasing an additional 135 shares during the period. ARS Investment Partners LLC boosted its position in shares of Apple by 3.2% during the fourth quarter. ARS Investment Partners LLC now owns 378,612 shares of the iPhone maker's stock worth $94,812,000 after buying an additional 11,705 shares during the period. Royal Fund Management LLC grew its holdings in shares of Apple by 1.1% during the fourth quarter. Royal Fund Management LLC now owns 44,056 shares of the iPhone maker's stock worth $11,047,000 after buying an additional 500 shares in the last quarter. Mitchell & Pahl Private Wealth LLC raised its position in Apple by 0.5% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 30,066 shares of the iPhone maker's stock valued at $7,529,000 after buying an additional 141 shares during the last quarter. Finally, Rezny Wealth Management Inc. lifted its stake in Apple by 1.9% in the 4th quarter. Rezny Wealth Management Inc. now owns 9,285 shares of the iPhone maker's stock valued at $2,325,000 after acquiring an additional 169 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of recent research reports. Raymond James lifted their price objective on shares of Apple to $250.00 and gave the company a "buy" rating in a report on Monday, January 20th. Evercore ISI boosted their price target on shares of Apple to $260.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Rosenblatt Securities restated a "buy" rating and issued a $262.00 price objective on shares of Apple in a report on Monday, January 27th. Sanford C. Bernstein upped their target price on Apple from $240.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Finally, Wedbush restated an "outperform" rating and issued a $325.00 price target on shares of Apple in a research note on Monday, March 3rd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $243.88.

Apple Trading Down 2.9 %

Shares of AAPL stock traded down $6.64 during mid-day trading on Tuesday, reaching $220.84. 76,063,516 shares of the stock traded hands, compared to its average volume of 53,395,048. The stock's fifty day simple moving average is $237.06 and its two-hundred day simple moving average is $234.16. Apple Inc. has a 1-year low of $164.08 and a 1-year high of $260.10. 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 $3.32 trillion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results 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 net margin of 24.30% and a return on equity of 160.83%. On average, research analysts anticipate that Apple Inc. will post 7.28 EPS 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 issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. Apple's payout ratio is 15.87%.

Insider Activity at Apple

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