Kades & Cheifetz LLC Cuts Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Kades & Cheifetz LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,373 shares of the iPhone maker's stock after selling 5,455 shares during the quarter. Apple comprises approximately 4.3% of Kades & Cheifetz LLC's portfolio, making the stock its 5th biggest holding. Kades & Cheifetz LLC's holdings in Apple were worth $8,357,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in shares of Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker's stock worth $219,829,700,000 after purchasing an additional 93,886,664 shares during the period. State Street Corp raised its holdings in shares of Apple by 10.6% in the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker's stock worth $136,074,372,000 after purchasing an additional 55,935,105 shares during the period. Geode Capital Management LLC raised its holdings in shares of Apple by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker's stock worth $77,542,863,000 after purchasing an additional 20,483,787 shares during the period. FMR LLC raised its holdings in shares of Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker's stock worth $84,779,231,000 after purchasing an additional 18,224,005 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker's stock worth $22,121,656,000 after purchasing an additional 5,893,741 shares during the period. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Performance

Shares of AAPL traded down $0.28 during mid-day trading on Friday, hitting $245.55. The stock had a trading volume of 53,102,300 shares, compared to its average volume of 49,742,392. The company has a market cap of $3.69 trillion, a PE ratio of 38.98, a PEG ratio of 2.44 and a beta of 1.20. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week 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's fifty day simple moving average is $240.47 and its two-hundred day simple moving average is $232.55.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results 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 year.

Apple Dividend Announcement

The business 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 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Monday, February 10th. Apple's dividend payout ratio (DPR) is 15.87%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. The Goldman Sachs Group restated a "buy" rating on shares of Apple in a report on Wednesday. UBS Group set a $270.00 target price on Apple in a report on Friday, January 31st. Rosenblatt Securities reiterated a "buy" rating and set a $262.00 target price on shares of Apple in a report on Monday, January 27th. Raymond James raised their target price on Apple to $250.00 and gave the company a "buy" rating in a report on Monday, January 20th. Finally, Moffett Nathanson reiterated a "sell" rating and set a $188.00 target price (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. 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 assigned a strong buy rating to the company. According to MarketBeat, Apple currently has an average rating of "Moderate Buy" and a consensus price target of $244.85.

Insider Buying and Selling

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, the chief operating officer now owns 389,944 shares of the company's stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.06% of the company's stock.

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.