Garde Capital Inc. Reduces Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Garde Capital Inc. lowered its position in Apple Inc. (NASDAQ:AAPLFree Report) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,235 shares of the iPhone maker’s stock after selling 1,600 shares during the quarter. Apple accounts for approximately 1.7% of Garde Capital Inc.’s holdings, making the stock its 13th biggest holding. Garde Capital Inc.’s holdings in Apple were worth $19,729,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. IFM Investors Pty Ltd lifted its stake in shares of Apple by 20.0% in the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after purchasing an additional 435,891 shares in the last quarter. Ironwood Wealth Management LLC. raised its holdings in shares of Apple by 0.4% during the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after buying an additional 1,040 shares during the period. Markel Corp raised its holdings in shares of Apple by 0.7% during the 1st quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock valued at $210,752,000 after buying an additional 8,450 shares during the period. Camden Capital LLC raised its holdings in shares of Apple by 9.2% during the 1st quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after buying an additional 13,200 shares during the period. Finally, Harbor Island Capital LLC raised its holdings in shares of Apple by 0.3% during the 1st quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 58.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on AAPL shares. Morgan Stanley raised their target price on Apple from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, December 8th. Robert W. Baird lifted their price objective on Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Wedbush restated an “outperform” rating and set a $250.00 price objective on shares of Apple in a report on Wednesday, February 28th. Redburn Atlantic downgraded Apple from a “buy” rating to a “neutral” rating and set a $200.00 price objective on the stock. in a report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. dropped their price objective on Apple from $225.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $205.27.

View Our Latest Analysis on Apple

Insider Buying and Selling at Apple

In other news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.06% of the company’s stock.

Apple Trading Up 1.1 %

Shares of NASDAQ AAPL opened at $173.00 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The business’s 50 day moving average is $183.56 and its two-hundred day moving average is $183.40. Apple Inc. has a 1-year low of $149.92 and a 1-year high of $199.62. The stock has a market capitalization of $2.67 trillion, a P/E ratio of 26.95, a PEG ratio of 2.08 and a beta of 1.29.

Apple (NASDAQ:AAPLGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping the consensus estimate of $2.09 by $0.09. The company had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. Apple’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business posted $1.88 EPS. As a group, research analysts expect that Apple Inc. will post 6.55 EPS for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 0.55%. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Apple Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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