Martin Capital Partners LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 27.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,975 shares of the iPhone maker’s stock after selling 5,992 shares during the period. Apple comprises about 2.8% of Martin Capital Partners LLC’s investment portfolio, making the stock its 11th largest holding. Martin Capital Partners LLC’s holdings in Apple were worth $4,691,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. MV Capital Management Inc. grew its stake in shares of Apple by 0.3% during the third quarter. MV Capital Management Inc. now owns 12,671 shares of the iPhone maker’s stock valued at $2,838,000 after purchasing an additional 35 shares during the last quarter. Searcy Financial Services Inc. ADV grew its stake in shares of Apple by 3.3% during the fourth quarter. Searcy Financial Services Inc. ADV now owns 1,202 shares of the iPhone maker’s stock valued at $353,000 after purchasing an additional 38 shares during the last quarter. Concentrum Wealth Management grew its stake in shares of Apple by 0.4% during the fourth quarter. Concentrum Wealth Management now owns 10,572 shares of the iPhone maker’s stock valued at $3,104,000 after purchasing an additional 40 shares during the last quarter. Towerpoint Wealth LLC grew its stake in shares of Apple by 1.8% during the fourth quarter. Towerpoint Wealth LLC now owns 2,451 shares of the iPhone maker’s stock valued at $720,000 after purchasing an additional 43 shares during the last quarter. Finally, Asset Advisors Investment Management LLC grew its stake in shares of Apple by 2.6% during the fourth quarter. Asset Advisors Investment Management LLC now owns 1,769 shares of the iPhone maker’s stock valued at $553,000 after purchasing an additional 44 shares during the last quarter. 60.28% of the stock is owned by institutional investors.
In other news, Director Arthur D. Levinson sold 1,429 shares of Apple stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $304.11, for a total transaction of $434,573.19. Following the transaction, the director now directly owns 1,134,712 shares of the company’s stock, valued at $345,077,266.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.05% of the company’s stock.
Shares of NASDAQ AAPL opened at $324.95 on Friday. The company’s fifty day moving average is $310.86 and its 200-day moving average is $254.90. The stock has a market cap of $1,421.46 billion, a price-to-earnings ratio of 25.66, a P/E/G ratio of 2.25 and a beta of 1.29. Apple Inc. has a twelve month low of $169.38 and a twelve month high of $327.85. The company has a quick ratio of 1.56, a current ratio of 1.60 and a debt-to-equity ratio of 1.04.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, January 28th. The iPhone maker reported $4.99 earnings per share for the quarter, topping analysts’ consensus estimates of $4.54 by $0.45. The company had revenue of $91.80 billion for the quarter, compared to analysts’ expectations of $88.41 billion. Apple had a net margin of 21.49% and a return on equity of 60.19%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $4.18 earnings per share. On average, research analysts anticipate that Apple Inc. will post 13.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.95%. Apple’s dividend payout ratio is 25.90%.
AAPL has been the topic of several research analyst reports. Jefferies Financial Group increased their price target on shares of Apple from $285.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, January 9th. Sanford C. Bernstein reaffirmed a “hold” rating and issued a $300.00 price objective on shares of Apple in a research note on Wednesday, January 29th. Nomura raised their price objective on shares of Apple from $280.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Wells Fargo & Co raised their price objective on shares of Apple from $245.00 to $315.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Finally, Barclays raised their price objective on shares of Apple from $224.00 to $236.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-seven have assigned a buy rating to the company. Apple currently has an average rating of “Buy” and an average target price of $314.55.
Apple Company Profile
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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