Apple Inc. (NASDAQ:AAPL) Holdings Decreased by M. Kraus & Co

M. Kraus & Co reduced its position in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,956 shares of the iPhone maker’s stock after selling 170 shares during the period. Apple makes up about 1.8% of M. Kraus & Co’s investment portfolio, making the stock its 25th largest position. M. Kraus & Co’s holdings in Apple were worth $5,575,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of AAPL. Conservest Capital Advisors Inc. lifted its holdings in Apple by 0.3% in the 3rd quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock worth $2,877,000 after purchasing an additional 55 shares during the last quarter. Kraft Davis & Associates LLC increased its position in Apple by 0.9% in the 3rd quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock worth $1,155,000 after buying an additional 59 shares during the period. MKT Advisors LLC increased its position in Apple by 0.5% in the 2nd quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock worth $1,777,000 after buying an additional 60 shares during the period. Cassia Capital Partners LLC increased its position in Apple by 1.2% in the 3rd quarter. Cassia Capital Partners LLC now owns 5,209 shares of the iPhone maker’s stock worth $892,000 after buying an additional 60 shares during the period. Finally, Family CFO Inc increased its position in Apple by 6.7% in the 3rd quarter. Family CFO Inc now owns 950 shares of the iPhone maker’s stock worth $163,000 after buying an additional 60 shares during the period. 58.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Apple

In related news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on AAPL shares. Citigroup restated a “buy” rating and set a $225.00 price objective on shares of Apple in a research report on Friday, February 16th. Redburn Partners cut Apple to a “neutral” rating and set a $200.00 price target on the stock. in a research report on Wednesday, January 10th. Piper Sandler Companies cut Apple to a “neutral” rating and lowered their price target for the company from $220.00 to $205.00 in a research report on Thursday, January 4th. Piper Sandler lowered their price target on Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. lowered their price target on Apple from $225.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $205.27.

Check Out Our Latest Research Report on AAPL

Apple Trading Up 0.5 %

Shares of AAPL opened at $172.28 on Monday. Apple Inc. has a 52-week low of $155.98 and a 52-week high of $199.62. The business’s fifty day moving average is $182.26 and its 200-day moving average is $182.83. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The firm has a market cap of $2.66 trillion, a price-to-earnings ratio of 26.83, a PEG ratio of 2.08 and a beta of 1.29.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. The company had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.88 EPS. Equities analysts anticipate that Apple Inc. will post 6.55 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s payout ratio is 14.95%.

About Apple

(Free Report)

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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