Apple Inc. (NASDAQ:AAPL) Stake Reduced by Coston McIsaac & Partners

Coston McIsaac & Partners lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 11.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,854 shares of the iPhone maker’s stock after selling 7,034 shares during the quarter. Apple makes up approximately 4.1% of Coston McIsaac & Partners’ portfolio, making the stock its 5th biggest position. Coston McIsaac & Partners’ holdings in Apple were worth $13,736,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Drystone LLC purchased a new stake in Apple in the 4th quarter worth approximately $25,000. Bull Oak Capital LLC increased its stake in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the period. Christopher J. Hasenberg Inc raised its holdings in shares of Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after acquiring an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in Apple in the third quarter worth $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new stake in Apple in the third quarter valued at $77,000. Institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Bank of America raised their target price on shares of Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. lifted their price objective on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a report on Tuesday, January 21st. Evercore ISI raised their target price on Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Finally, Citigroup lifted their price target on Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Four 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 company. Based on data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.65.

Apple Trading Up 1.4 %

NASDAQ:AAPL opened at $223.75 on Wednesday. The company has a market cap of $3.36 trillion, a PE ratio of 35.52, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The company has a 50 day simple moving average of $231.35 and a two-hundred day simple moving average of $233.43. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating 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%. Research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

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