Apple Inc. (NASDAQ:AAPL) Shares Sold by Norris Perne & French LLP MI

Norris Perne & French LLP MI lowered its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,253 shares of the iPhone maker's stock after selling 5,374 shares during the quarter. Norris Perne & French LLP MI's holdings in Apple were worth $19,095,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AAPL. Drystone LLC acquired a new stake in shares of Apple during the fourth quarter valued at about $25,000. Bull Oak Capital LLC boosted its position in shares of 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 purchasing an additional 111 shares during the period. Christopher J. Hasenberg Inc increased its holdings 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 purchasing an additional 144 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in Apple in the third quarter valued at approximately $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in Apple during the third quarter worth $77,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Stock Performance

AAPL stock traded down $5.95 on Friday, hitting $217.90. The company's stock had a trading volume of 39,775,695 shares, compared to its average volume of 54,852,651. The firm has a 50 day moving average of $230.70 and a two-hundred day moving average of $233.43. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. 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 stock has a market cap of $3.27 trillion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

Remove Ads

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating 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%. Equities analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Monday, February 10th. Apple's dividend payout ratio is presently 15.87%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AAPL. Rosenblatt Securities reissued a "buy" rating and set a $262.00 target price on shares of Apple in a research note on Monday, January 27th. Wedbush reissued an "outperform" rating and set a $325.00 price target on shares of Apple in a research report on Friday, March 14th. Monness Crespi & Hardt raised their price objective on shares of Apple to $245.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. upped their target price on shares of Apple from $260.00 to $270.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, KeyCorp reissued an "underweight" rating and issued a $200.00 price target on shares of Apple in a research report on Friday, January 31st. Four investment 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.