Apple Inc. (NASDAQ:AAPL) Shares Sold by Atticus Wealth Management LLC

Atticus Wealth Management LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,542 shares of the iPhone maker’s stock after selling 125 shares during the quarter. Apple accounts for 3.7% of Atticus Wealth Management LLC’s investment portfolio, making the stock its 5th largest holding. Atticus Wealth Management LLC’s holdings in Apple were worth $11,905,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Bull Oak Capital LLC increased its holdings in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in shares of Apple during the third quarter valued at approximately $71,000. Christopher J. Hasenberg Inc grew its holdings in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after buying an additional 144 shares in the last quarter. Teachers Insurance & Annuity Association of America bought a new stake in Apple during the third quarter worth $77,000. Finally, ARK Investment Management LLC purchased a new stake in Apple in the 3rd quarter valued at $110,000. 67.73% of the stock is currently owned by institutional investors.

Apple Price Performance

NASDAQ:AAPL opened at $215.24 on Thursday. The firm has a market capitalization of $3.23 trillion, a price-to-earnings ratio of 34.17, a P/E/G ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The stock has a fifty day moving average of $232.76 and a 200 day moving average of $233.47. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, research analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.46%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. DA Davidson set a $290.00 target price on shares of Apple in a research note on Friday, January 31st. Bank of America boosted their price target on shares of Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Argus upgraded shares of Apple to a “strong-buy” rating in a research note on Friday, January 31st. Evercore ISI boosted their target price on Apple from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Wells Fargo & Company increased their price target on Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $243.65.

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.