Mirabaud & Cie SA cut its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 5.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 160,063 shares of the iPhone maker's stock after selling 9,594 shares during the quarter. Apple makes up about 12.9% of Mirabaud & Cie SA's holdings, making the stock its biggest position. Mirabaud & Cie SA's holdings in Apple were worth $40,083,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of AAPL. Bull Oak Capital LLC boosted its holdings in 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 during the period. Hershey Financial Advisers LLC bought a new position in Apple during the 2nd quarter valued at about $42,000. Christopher J. Hasenberg Inc increased its position in 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 acquiring an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in Apple in the 3rd quarter valued at about $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple during the 3rd quarter worth approximately $77,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on AAPL shares. Wedbush reissued an "outperform" rating and set a $325.00 price objective on shares of Apple in a research note on Monday, March 3rd. Morgan Stanley set a $275.00 price target on shares of Apple in a research note on Tuesday, February 11th. Needham & Company LLC reaffirmed a "buy" rating and set a $260.00 price objective on shares of Apple in a research report on Friday, January 31st. Loop Capital cut shares of Apple from a "buy" rating to a "hold" rating and set a $230.00 target price for the company. in a report on Tuesday, January 21st. Finally, TD Cowen reissued a "buy" rating on shares of Apple in a research report on Tuesday, January 28th. Four investment 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 company's stock. Based on data from MarketBeat.com, Apple has an average rating of "Moderate Buy" and a consensus price target of $243.88.
View Our Latest Analysis on Apple
Apple Trading Down 2.9 %
Shares of AAPL opened at $220.84 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm has a market cap of $3.32 trillion, a P/E ratio of 35.05, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10. The business has a 50-day moving average of $236.47 and a 200 day moving average of $234.12.
Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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%. As a group, research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.
Apple Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. 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 payout ratio is presently 15.87%.
Insider Transactions 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 shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now directly owns 389,944 shares of the company's stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.06% of the stock is 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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