SignalPoint Asset Management LLC Has $42.54 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

SignalPoint Asset Management LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 1.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 169,874 shares of the iPhone maker’s stock after selling 1,946 shares during the period. Apple comprises about 10.4% of SignalPoint Asset Management LLC’s portfolio, making the stock its 2nd largest holding. SignalPoint Asset Management LLC’s holdings in Apple were worth $42,540,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. State Street Corp grew its stake in shares of Apple by 10.6% during the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after purchasing an additional 55,935,105 shares during the period. FMR LLC lifted its holdings in Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after purchasing an additional 18,224,005 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Apple by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock worth $77,542,863,000 after purchasing an additional 20,483,787 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock worth $22,121,656,000 after purchasing an additional 5,893,741 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after acquiring an additional 93,886,664 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is owned by insiders.

Apple Stock Performance

NASDAQ AAPL opened at $241.76 on Friday. The company has a market cap of $3.63 trillion, a PE ratio of 38.37, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20. The stock’s 50 day simple moving average is $239.60 and its 200-day simple moving average is $233.58. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data 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 return on equity of 160.83% and a net margin of 24.30%. As a group, equities research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.41%. Apple’s dividend payout ratio (DPR) is 15.87%.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of research reports. Moffett Nathanson reaffirmed a “sell” rating and issued a $188.00 price objective (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Redburn Partners set a $230.00 price objective on Apple in a research report on Friday, January 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $262.00 target price on shares of Apple in a report on Monday, January 27th. Oppenheimer cut Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley set a $275.00 price objective on Apple in a research note on Tuesday, February 11th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $243.88.

Apple Company 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.