Financial Advisory Service Inc. lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 7.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 21,703 shares of the iPhone maker’s stock after selling 1,872 shares during the period. Apple makes up approximately 1.1% of Financial Advisory Service Inc.’s holdings, making the stock its 21st largest holding. Financial Advisory Service Inc.’s holdings in Apple were worth $6,373,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Oakworth Capital Inc. raised its holdings in Apple by 2.6% during the 4th quarter. Oakworth Capital Inc. now owns 81,375 shares of the iPhone maker’s stock valued at $24,672,000 after buying an additional 2,026 shares during the period. Laurel Wealth Advisors LLC raised its holdings in Apple by 4.4% during the 4th quarter. Laurel Wealth Advisors LLC now owns 40,113 shares of the iPhone maker’s stock valued at $11,779,000 after buying an additional 1,684 shares during the period. Weaver Consulting Group increased its stake in Apple by 10.9% in the fourth quarter. Weaver Consulting Group now owns 6,307 shares of the iPhone maker’s stock worth $1,413,000 after purchasing an additional 622 shares during the period. Opus Capital Group LLC increased its stake in Apple by 14.5% in the fourth quarter. Opus Capital Group LLC now owns 5,671 shares of the iPhone maker’s stock worth $1,665,000 after purchasing an additional 720 shares during the period. Finally, Hussman Strategic Advisors Inc. purchased a new stake in Apple in the fourth quarter worth $452,000. Institutional investors own 60.28% of the company’s stock.
In related news, Director Arthur D. Levinson sold 1,429 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $304.11, for a total transaction of $434,573.19. Following the sale, the director now owns 1,134,712 shares of the company’s stock, valued at $345,077,266.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.05% of the stock is owned by company insiders.
AAPL has been the topic of a number of recent analyst reports. Cowen increased their target price on Apple from $325.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Nomura increased their target price on Apple from $280.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. DA Davidson increased their target price on Apple from $375.00 to $385.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Loop Capital reiterated a “hold” rating and issued a $325.00 target price on shares of Apple in a research note on Wednesday, January 29th. Finally, Tigress Financial reiterated a “buy” rating on shares of Apple in a research note on Monday, December 30th. Three 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 price target of $314.55.
Shares of AAPL stock opened at $324.95 on Friday. Apple Inc. has a 1-year low of $169.38 and a 1-year high of $327.85. The stock’s 50-day moving average is $310.86 and its 200 day moving average is $254.90. The company has a market cap of $1,421.46 billion, a P/E ratio of 25.66, a PEG ratio of 2.25 and a beta of 1.29. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.60 and a quick ratio of 1.56.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, January 28th. The iPhone maker reported $4.99 earnings per share for the quarter, beating analysts’ consensus estimates of $4.54 by $0.45. Apple had a return on equity of 60.19% and a net margin of 21.49%. The company had revenue of $91.80 billion for the quarter, compared to the consensus estimate of $88.41 billion. During the same quarter last year, the company earned $4.18 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, analysts anticipate that Apple Inc. will post 13.78 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Friday, February 7th. Apple’s payout ratio is currently 25.90%.
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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