James Hambro & Partners LLP Sells 433 Shares of Apple Inc. (NASDAQ:AAPL)

James Hambro & Partners LLP trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 8.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,584 shares of the iPhone maker’s stock after selling 433 shares during the quarter. James Hambro & Partners LLP’s holdings in Apple were worth $1,148,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Citigroup increased their price objective on Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Moffett Nathanson reissued a “sell” rating and issued a $188.00 target price (down from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Maxim Group upped their price target on shares of Apple to $215.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Evercore ISI lifted their price objective on shares of Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Redburn Partners set a $230.00 price target on Apple in a research note on Friday, January 31st. Four equities research 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.65.

Apple Trading Down 0.5 %

Shares of Apple stock opened at $214.10 on Friday. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $3.22 trillion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The firm’s 50 day moving average is $232.19 and its 200 day moving average is $233.33.

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

Apple Dividend Announcement

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

About Apple

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.