Neumann Capital Management LLC Cuts Stake in Apple Inc. (NASDAQ:AAPL)

Neumann Capital Management LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 77,077 shares of the iPhone maker’s stock after selling 2,480 shares during the period. Apple comprises about 6.4% of Neumann Capital Management LLC’s portfolio, making the stock its 3rd largest holding. Neumann Capital Management LLC’s holdings in Apple were worth $19,302,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. O Connor Financial Group LLC raised its position in shares of Apple by 1.2% during the 4th quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock valued at $896,000 after purchasing an additional 41 shares during the period. 1620 Investment Advisors Inc. lifted its holdings in Apple by 0.5% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock worth $2,249,000 after purchasing an additional 45 shares in the last quarter. Carolina Wealth Advisors LLC boosted its stake in Apple by 1.3% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock worth $813,000 after purchasing an additional 46 shares during the period. Menard Financial Group LLC raised its position in shares of Apple by 0.4% during the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock valued at $2,848,000 after buying an additional 48 shares during the last quarter. Finally, Hanseatic Management Services Inc. lifted its stake in Apple by 1.3% in the 4th quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock worth $945,000 after purchasing an additional 48 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Apple Price Performance

Shares of NASDAQ AAPL opened at $213.49 on Friday. 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 business’s 50 day moving average price is $234.52 and its 200 day moving average price is $233.77. 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 $3.21 trillion, a P/E ratio of 33.89, a P/E/G ratio of 2.44 and a beta of 1.18.

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%. On average, sell-side analysts expect that Apple Inc. will post 7.28 earnings per share for the current 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 0.47%. Apple’s dividend payout ratio (DPR) is 15.87%.

Analyst Ratings Changes

A number of equities analysts have commented on AAPL shares. Rosenblatt Securities reissued a “buy” rating and issued a $262.00 price objective on shares of Apple in a research note on Monday, January 27th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a research note on Wednesday, February 19th. Bank of America raised their price target on Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Moffett Nathanson reiterated a “sell” rating and set a $188.00 price objective (down previously from $202.00) on shares of Apple in a report on Tuesday, January 7th. Finally, KeyCorp reissued an “underweight” rating and issued a $200.00 price objective on shares of Apple in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.22.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

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.