Parkside Investments LLC Has $12.53 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Parkside Investments LLC cut its stake in Apple Inc. (NASDAQ:AAPL) by 11.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,033 shares of the iPhone maker’s stock after selling 6,527 shares during the period. Apple comprises approximately 1.9% of Parkside Investments LLC’s holdings, making the stock its 14th largest holding. Parkside Investments LLC’s holdings in Apple were worth $12,529,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AMF Tjanstepension AB grew its holdings in Apple by 21.1% during the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock worth $787,631,000 after acquiring an additional 588,427 shares during the last quarter. Czech National Bank raised its position in Apple by 12.8% in the 3rd quarter. Czech National Bank now owns 3,097,244 shares of the iPhone maker’s stock worth $721,658,000 after purchasing an additional 350,505 shares during the last quarter. Abacus Wealth Partners LLC lifted its holdings in Apple by 22.1% during the 3rd quarter. Abacus Wealth Partners LLC now owns 46,161 shares of the iPhone maker’s stock worth $10,756,000 after buying an additional 8,352 shares in the last quarter. Duncan Williams Asset Management LLC boosted its position in Apple by 187.4% in the 3rd quarter. Duncan Williams Asset Management LLC now owns 33,363 shares of the iPhone maker’s stock valued at $7,773,000 after buying an additional 21,755 shares during the last quarter. Finally, Moody National Bank Trust Division increased its stake in shares of Apple by 7.5% in the 3rd quarter. Moody National Bank Trust Division now owns 160,653 shares of the iPhone maker’s stock valued at $37,432,000 after buying an additional 11,213 shares during the period. 67.73% of the stock is owned by institutional investors.

Apple Price Performance

NASDAQ AAPL opened at $214.10 on Friday. The firm’s 50 day moving average is $232.19 and its 200-day moving average is $233.33. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The company 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. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results 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 net margin of 24.30% and a return on equity of 160.83%. Equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Redburn Partners set a $230.00 price target on Apple in a report on Friday, January 31st. Loop Capital lowered shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a research note on Tuesday, January 21st. UBS Group lifted their price target on shares of Apple to $236.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. increased their price objective on shares of Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Sanford C. Bernstein lifted their target price on shares of Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.65.

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.