Simon Quick Advisors LLC Cuts Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Simon Quick Advisors LLC cut its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 291,286 shares of the iPhone maker's stock after selling 2,388 shares during the quarter. Apple makes up approximately 4.4% of Simon Quick Advisors LLC's holdings, making the stock its 6th largest holding. Simon Quick Advisors LLC's holdings in Apple were worth $72,944,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Red Spruce Capital LLC bought a new stake in shares of Apple in the fourth quarter worth about $331,000. Sheets Smith Wealth Management grew its stake in shares of Apple by 7.1% in the fourth quarter. Sheets Smith Wealth Management now owns 57,039 shares of the iPhone maker's stock worth $14,284,000 after purchasing an additional 3,765 shares during the last quarter. White Pine Investment CO grew its stake in shares of Apple by 3.5% in the fourth quarter. White Pine Investment CO now owns 44,039 shares of the iPhone maker's stock worth $11,028,000 after purchasing an additional 1,486 shares during the last quarter. Capstone Wealth Management LLC bought a new stake in shares of Apple in the fourth quarter worth about $2,136,000. Finally, Aspire Private Capital LLC grew its stake in shares of Apple by 15.3% in the fourth quarter. Aspire Private Capital LLC now owns 25,713 shares of the iPhone maker's stock worth $6,439,000 after purchasing an additional 3,415 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other 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 transaction of $24,997,000.00. Following the completion of 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 SEC, which is available at this link. 0.06% of the stock is currently owned by insiders.

Apple Trading Down 2.9 %

NASDAQ:AAPL opened at $220.84 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The company has a market cap of $3.32 trillion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a 50 day simple moving average of $236.47 and a two-hundred day simple moving average of $234.12.

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Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results 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%. Research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Monday, February 10th. Apple's dividend payout ratio (DPR) is presently 15.87%.

Analyst Upgrades and Downgrades

Several brokerages have commented on AAPL. Oppenheimer lowered shares of Apple from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th. Rosenblatt Securities restated a "buy" rating and issued a $262.00 price objective on shares of Apple in a report on Monday, January 27th. Citigroup raised their price objective on shares of Apple from $255.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, January 31st. TD Cowen restated a "buy" rating on shares of Apple in a report on Tuesday, January 28th. Finally, Raymond James raised their price objective on shares of Apple to $250.00 and gave the stock a "buy" rating in a report on Monday, January 20th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $243.88.

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.

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