Cypress Capital Management LLC WY Reduces Holdings in Apple Inc. (NASDAQ:AAPL)

Cypress Capital Management LLC WY reduced its position in Apple Inc. (NASDAQ:AAPL) by 0.5% in the 4th quarter, HoldingsChannel reports. The firm owned 82,943 shares of the iPhone maker’s stock after selling 404 shares during the period. Apple makes up about 23.8% of Cypress Capital Management LLC WY’s portfolio, making the stock its largest position. Cypress Capital Management LLC WY’s holdings in Apple were worth $20,771,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC lifted its position in Apple by 20,372.7% during the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after acquiring an additional 93,886,664 shares during the last quarter. State Street Corp increased its stake in shares of Apple by 10.6% during the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after purchasing an additional 55,935,105 shares during the period. Geode Capital Management LLC lifted its holdings in Apple by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock worth $77,542,863,000 after purchasing an additional 20,483,787 shares during the last quarter. FMR LLC boosted its stake in Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after purchasing an additional 18,224,005 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after buying an additional 5,893,741 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Trading Down 1.0 %

Shares of Apple stock opened at $221.53 on Thursday. The stock has a market cap of $3.33 trillion, a PE ratio of 35.16, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The firm has a fifty day moving average price of $231.03 and a 200 day moving average price of $233.35. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

Apple (NASDAQ:AAPL) last posted its 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 predict that Apple Inc. will post 7.28 earnings per share for the current 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 issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Apple’s payout ratio is currently 15.87%.

Wall Street Analyst Weigh In

AAPL has been the topic of several research reports. TD Cowen restated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. 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 report on Tuesday, January 21st. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price target on shares of Apple in a research report on Friday, January 31st. Wells Fargo & Company boosted their price target on Apple to $275.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Citigroup raised their price objective on Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Four 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 given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.