Apple Inc. (NASDAQ:AAPL) Position Lowered by Copeland Capital Management LLC

Copeland Capital Management LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 13.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,466 shares of the iPhone maker's stock after selling 15,517 shares during the quarter. Copeland Capital Management LLC's holdings in Apple were worth $24,407,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AAPL. Drystone LLC purchased a new position in shares of Apple during the fourth quarter worth about $25,000. Bull Oak Capital LLC lifted its position in Apple by 252.3% during the 3rd 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. SPX Gestao de Recursos Ltda purchased a new position in shares of Apple in the 3rd quarter valued at approximately $71,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple in the third quarter valued at approximately $77,000. Finally, ARK Investment Management LLC purchased a new stake in shares of Apple during the third quarter worth approximately $110,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Up 0.5 %

Shares of NASDAQ AAPL traded up $1.06 during trading on Tuesday, reaching $223.19. 36,357,553 shares of the stock were exchanged, compared to its average volume of 54,820,636. The company has a market capitalization of $3.35 trillion, a price-to-earnings ratio of 35.43, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The business's 50-day moving average price is $230.54 and its 200 day moving average price is $233.42. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10.

Remove Ads

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data 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%. As a group, equities analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Monday, February 10th. Apple's dividend payout ratio is currently 15.87%.

Analyst Ratings Changes

AAPL has been the subject of a number of analyst reports. TD Cowen restated a "buy" rating on shares of Apple in a research report on Tuesday, January 28th. 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. The Goldman Sachs Group reiterated a "buy" rating on shares of Apple in a research report on Wednesday, February 19th. Oppenheimer cut Apple from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th. Finally, Jefferies Financial Group reaffirmed an "underperform" rating on shares of Apple in a report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $245.52.

Apple Profile

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.