Galibier Capital Management Ltd. cut its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 24.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,235 shares of the iPhone maker's stock after selling 1,400 shares during the quarter. Apple accounts for 0.3% of Galibier Capital Management Ltd.'s investment portfolio, making the stock its 22nd largest position. Galibier Capital Management Ltd.'s holdings in Apple were worth $1,061,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Bull Oak Capital LLC raised its holdings 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 in the last quarter. Hershey Financial Advisers LLC acquired a new stake in shares of Apple in the 2nd quarter valued at $42,000. Christopher J. Hasenberg Inc raised its holdings in shares of Apple by 88.9% in the 3rd 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 stake in shares of Apple in the 3rd quarter valued at $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new position in shares of Apple in the 3rd quarter valued at $77,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Apple Price Performance
Shares of Apple stock traded down $0.19 during trading on Wednesday, hitting $235.74. 47,184,984 shares of the company were exchanged, compared to its average volume of 53,560,264. 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 fifty-two week low of $164.08 and a fifty-two week high of $260.10. The stock has a market capitalization of $3.54 trillion, a price-to-earnings ratio of 37.42, a P/E/G ratio of 2.44 and a beta of 1.20. The firm has a 50 day moving average price of $238.81 and a 200 day moving average price of $233.92.
Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, equities analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal 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 issued a $0.25 dividend. 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 (DPR) is presently 15.87%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the stock. Redburn Partners set a $230.00 target price on shares of Apple in a research report on Friday, January 31st. Raymond James increased their target price on shares of Apple to $250.00 and gave the company a "buy" rating in a research report on Monday, January 20th. KeyCorp reaffirmed an "underweight" rating and issued a $200.00 target price on shares of Apple in a research report on Friday, January 31st. Barclays increased their target price 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. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $262.00 target price on shares of Apple in a research report on Monday, January 27th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, Apple presently has an average rating of "Moderate Buy" and an average price target of $243.88.
Get Our Latest Stock Report on AAPL
Insider Buying and Selling at Apple
In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business's stock in a transaction 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 completion of the transaction, the chief operating officer now directly 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 legal filing with the SEC, which is accessible through this link. 0.06% of the stock is currently owned by 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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