Plimoth Trust Co. LLC Sells 1,070 Shares of Apple Inc. (NASDAQ:AAPL)

Plimoth Trust Co. LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,826 shares of the iPhone maker’s stock after selling 1,070 shares during the quarter. Apple accounts for about 7.1% of Plimoth Trust Co. LLC’s portfolio, making the stock its largest position. Plimoth Trust Co. LLC’s holdings in Apple were worth $27,753,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. AMF Tjanstepension AB lifted 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 buying an additional 588,427 shares during the last quarter. Callan Family Office LLC raised its position in shares of Apple by 53.6% during the 3rd quarter. Callan Family Office LLC now owns 73,507 shares of the iPhone maker’s stock worth $17,127,000 after acquiring an additional 25,653 shares in the last quarter. Cardinal Point Capital Management ULC lifted its stake in Apple by 0.9% during the third quarter. Cardinal Point Capital Management ULC now owns 28,702 shares of the iPhone maker’s stock worth $6,688,000 after purchasing an additional 245 shares during the last quarter. Williams & Novak LLC boosted its holdings in Apple by 14.4% in the third quarter. Williams & Novak LLC now owns 12,708 shares of the iPhone maker’s stock valued at $2,961,000 after purchasing an additional 1,604 shares in the last quarter. Finally, Axiom Advisory LLC increased its stake in Apple by 13.7% in the third quarter. Axiom Advisory LLC now owns 541,915 shares of the iPhone maker’s stock valued at $120,952,000 after purchasing an additional 65,325 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Performance

NASDAQ:AAPL opened at $220.73 on Tuesday. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10. The firm’s 50 day moving average is $231.54 and its two-hundred day moving average is $233.41. The company has a market cap of $3.32 trillion, a P/E ratio of 35.04, a P/E/G ratio of 2.44 and a beta of 1.18. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping 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%. Analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is currently 15.87%.

Analysts Set New Price Targets

AAPL has been the subject of several recent analyst reports. Citigroup boosted their price objective on shares of Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company upped their price objective on shares of Apple to $275.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Moffett Nathanson reiterated a “sell” rating and set a $188.00 target price (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. DA Davidson set a $290.00 target price on Apple in a research report on Friday, January 31st. Finally, Oppenheimer downgraded Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Four research 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 stock. According to MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average price target 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.