Slow Capital Inc. Sells 3,339 Shares of Apple Inc. (NASDAQ:AAPL)

Slow Capital Inc. lowered its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,014 shares of the iPhone maker's stock after selling 3,339 shares during the quarter. Apple accounts for 3.1% of Slow Capital Inc.'s holdings, making the stock its 7th biggest position. Slow Capital Inc.'s holdings in Apple were worth $22,040,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bull Oak Capital LLC increased its holdings 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 valued at $36,000 after purchasing an additional 111 shares in the last quarter. Christopher J. Hasenberg Inc grew its position in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock valued at $69,000 after buying an additional 144 shares during the period. SPX Gestao de Recursos Ltda purchased a new position in Apple in the third quarter valued at $71,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple in the third quarter worth about $77,000. Finally, ARK Investment Management LLC purchased a new stake in shares of Apple during the 3rd quarter worth about $110,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Apple to $275.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Citigroup upped their price target on Apple from $255.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Argus upgraded shares of Apple to a "strong-buy" rating in a research report on Friday, January 31st. Redburn Partners set a $230.00 target price on shares of Apple in a report on Friday, January 31st. Finally, Bank of America increased their price target on shares of Apple from $253.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $243.65.

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Apple Stock Performance

AAPL traded up $2.46 during trading on Monday, hitting $220.73. The stock had a trading volume of 44,241,948 shares, compared to its average volume of 52,670,290. The firm has a market capitalization of $3.32 trillion, a P/E ratio of 35.04, a PEG ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. The company's 50-day moving average price is $231.54 and its 200 day moving average price is $233.41.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (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%. On average, equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. Apple's dividend payout ratio is currently 15.87%.

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.