City Holding Co. reduced its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,079 shares of the iPhone maker's stock after selling 7,158 shares during the period. Apple makes up 4.3% of City Holding Co.'s portfolio, making the stock its 2nd biggest holding. City Holding Co.'s holdings in Apple were worth $30,070,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Bull Oak Capital LLC grew its stake in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after buying an additional 111 shares in the last quarter. Hershey Financial Advisers LLC bought a new stake in shares of Apple during the 2nd quarter worth $42,000. Christopher J. Hasenberg Inc grew its position in Apple by 88.9% in 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 in the last quarter. SPX Gestao de Recursos Ltda bought a new position in Apple in the third quarter valued at $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in Apple during the third quarter valued at about $77,000. Institutional investors own 67.73% of the company's stock.
Apple Stock Performance
Apple stock traded down $11.59 during midday trading on Monday, hitting $227.48. The stock had a trading volume of 71,740,229 shares, compared to its average volume of 53,313,051. The firm's fifty day moving average is $237.56 and its two-hundred day moving average is $234.14. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $3.42 trillion, a PE ratio of 36.11, a P/E/G ratio of 2.44 and a beta of 1.18. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10.
Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.
Apple Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple's payout ratio is 15.87%.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on AAPL shares. Raymond James upped their price objective on Apple to $250.00 and gave the stock a "buy" rating in a report on Monday, January 20th. Argus upgraded Apple to a "strong-buy" rating in a research report on Friday, January 31st. Sanford C. Bernstein increased their price target on shares of Apple from $240.00 to $260.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. DA Davidson set a $290.00 price objective on shares of Apple in a report on Friday, January 31st. Finally, Barclays upped their price objective on shares of Apple from $183.00 to $197.00 and gave the company an "underweight" rating in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $243.88.
View Our Latest Research Report on Apple
Insider Buying and Selling at Apple
In other news, COO Jeffrey E. Williams sold 100,000 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.06% of the company's stock.
About Apple
(
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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