Apple Inc. (NASDAQ:AAPL) Stock Position Trimmed by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 305,264 shares of the iPhone maker’s stock after selling 214 shares during the quarter. Apple accounts for about 4.7% of Moody Lynn & Lieberson LLC’s holdings, making the stock its 4th biggest holding. Moody Lynn & Lieberson LLC’s holdings in Apple were worth $76,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of AAPL. O Connor Financial Group LLC increased its holdings in Apple by 1.2% in the 4th quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock worth $896,000 after buying an additional 41 shares in the last quarter. 1620 Investment Advisors Inc. boosted its holdings in shares of Apple by 0.5% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock valued at $2,249,000 after acquiring an additional 45 shares during the last quarter. Carolina Wealth Advisors LLC grew its stake in shares of Apple by 1.3% in the third quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock worth $813,000 after acquiring an additional 46 shares during the period. Menard Financial Group LLC lifted its position in Apple by 0.4% during the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock valued at $2,848,000 after purchasing an additional 48 shares during the period. Finally, Hanseatic Management Services Inc. boosted its holdings in Apple by 1.3% in the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock worth $945,000 after purchasing an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Up 0.2 %

Shares of NASDAQ AAPL opened at $214.00 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The firm’s 50-day moving average price is $233.90 and its 200-day moving average price is $233.71. The stock has a market capitalization of $3.21 trillion, a price-to-earnings ratio of 33.97, a P/E/G ratio of 2.44 and a beta of 1.18.

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

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Raymond James boosted their target price on shares of Apple to $250.00 and gave the company a “buy” rating in a research note on Monday, January 20th. Monness Crespi & Hardt upped their price objective on Apple to $245.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $262.00 target price on shares of Apple in a report on Monday, January 27th. DA Davidson set a $290.00 price target on Apple in a research note on Friday, January 31st. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Apple in a research note on Wednesday, February 19th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $243.22.

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.