Apple Inc. (NASDAQ:AAPL) Shares Sold by SJS Investment Consulting Inc.

SJS Investment Consulting Inc. reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,671 shares of the iPhone maker’s stock after selling 731 shares during the quarter. Apple makes up approximately 2.5% of SJS Investment Consulting Inc.’s holdings, making the stock its 4th biggest position. SJS Investment Consulting Inc.’s holdings in Apple were worth $14,692,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fenimore Asset Management Inc raised its holdings in shares of Apple by 1.7% in the 4th quarter. Fenimore Asset Management Inc now owns 13,773 shares of the iPhone maker’s stock valued at $3,449,000 after purchasing an additional 236 shares during the period. Lantz Financial LLC grew its holdings in Apple by 1.6% during the fourth quarter. Lantz Financial LLC now owns 33,119 shares of the iPhone maker’s stock worth $8,294,000 after purchasing an additional 537 shares during the period. Linden Thomas Advisory Services LLC increased its position in Apple by 5.0% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 50,600 shares of the iPhone maker’s stock worth $12,671,000 after buying an additional 2,422 shares during the last quarter. Cyndeo Wealth Partners LLC raised its stake in Apple by 4.4% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 182,372 shares of the iPhone maker’s stock valued at $45,669,000 after buying an additional 7,674 shares during the period. Finally, Aspiring Ventures LLC acquired a new stake in shares of Apple in the fourth quarter valued at approximately $1,747,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AAPL has been the topic of several research reports. Jefferies Financial Group reiterated an “underperform” rating on shares of Apple in a report on Wednesday, February 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $262.00 price target on shares of Apple in a research note on Monday, January 27th. UBS Group raised their price objective on shares of Apple to $236.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Evercore ISI upped their price objective on Apple to $260.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Finally, Wedbush reissued an “outperform” rating and set a $325.00 target price on shares of Apple in a report on Friday. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $243.22.

Apple Trading Up 0.2 %

Shares of AAPL stock opened at $214.00 on Tuesday. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. The stock’s fifty day simple moving average is $233.90 and its 200 day simple moving average is $233.71. 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 firm has a market capitalization of $3.21 trillion, a P/E ratio of 33.97, a P/E/G ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, sell-side analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced 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 dividend yield of 0.47%. Apple’s payout ratio is 15.87%.

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.