Apple Inc. (NASDAQ:AAPL) Holdings Lessened by Commons Capital LLC

Commons Capital LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,483 shares of the iPhone maker’s stock after selling 75 shares during the quarter. Apple accounts for approximately 8.9% of Commons Capital LLC’s holdings, making the stock its 2nd biggest holding. Commons Capital LLC’s holdings in Apple were worth $9,887,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Bull Oak Capital LLC grew its holdings in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. Hershey Financial Advisers LLC bought a new position in Apple during the 2nd quarter valued at about $42,000. Christopher J. Hasenberg Inc grew its holdings in Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after purchasing an additional 144 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new position in Apple during the 3rd quarter valued at about $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new position in Apple during the 3rd quarter valued at about $77,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AAPL has been the topic of several analyst reports. Redburn Partners set a $230.00 price target on shares of Apple in a report on Friday, January 31st. Morgan Stanley set a $275.00 price objective on shares of Apple in a research note on Tuesday, February 11th. Wells Fargo & Company increased 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. Bank of America increased their price objective on shares of Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Raymond James increased their price objective on shares of Apple to $250.00 and gave the company a “buy” rating in a research note on Monday, January 20th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $243.88.

Insider Transactions at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.06% of the company’s stock.

Apple Stock Down 2.9 %

Shares of NASDAQ AAPL opened at $220.84 on Wednesday. The company’s 50-day simple moving average is $236.47 and its 200-day simple moving average is $234.12. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The firm has a market cap of $3.32 trillion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth 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 announced 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 analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. Apple’s dividend payout ratio (DPR) is 15.87%.

About Apple

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.