Apple Inc. (NASDAQ:AAPL) Shares Sold by Norris Perne & French LLP MI

Norris Perne & French LLP MI lessened its stake in Apple Inc. (NASDAQ:AAPL) by 6.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 76,253 shares of the iPhone maker’s stock after selling 5,374 shares during the quarter. Norris Perne & French LLP MI’s holdings in Apple were worth $19,095,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Drystone LLC acquired a new position in shares of Apple in the 4th quarter worth approximately $25,000. Bull Oak Capital LLC raised its position in Apple by 252.3% in the third 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 period. SPX Gestao de Recursos Ltda acquired a new position in Apple during the third quarter worth $71,000. Christopher J. Hasenberg Inc boosted its position 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 worth $69,000 after buying an additional 144 shares during the period. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple in the third quarter valued at $77,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AAPL. Redburn Partners set a $230.00 price target on shares of Apple in a research report on Friday, January 31st. Barclays increased their target price on shares of Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. Oppenheimer downgraded shares of Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. UBS Group increased their price objective on Apple to $236.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $243.65.

Apple Trading Down 1.0 %

Apple stock opened at $221.53 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The firm has a 50-day moving average of $231.03 and a 200-day moving average of $233.35. The company has a market cap of $3.33 trillion, a price-to-earnings ratio of 35.16, a P/E/G ratio of 2.44 and a beta of 1.18. Apple Inc. has a one year low of $164.08 and a one year high of $260.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping 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, equities analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.45%. Apple’s payout ratio is currently 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.