Apple Inc. (NASDAQ:AAPL) Stock Holdings Decreased by Everett Harris & Co. CA

Everett Harris & Co. CA lowered its stake in Apple Inc. (NASDAQ:AAPL) by 0.6% during the fourth quarter, HoldingsChannel reports. The firm owned 4,349,530 shares of the iPhone maker’s stock after selling 24,403 shares during the quarter. Apple comprises approximately 13.8% of Everett Harris & Co. CA’s portfolio, making the stock its 2nd biggest holding. Everett Harris & Co. CA’s holdings in Apple were worth $1,089,209,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. State Street Corp lifted its stake in shares of Apple by 10.6% in the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after purchasing an additional 55,935,105 shares during the period. FMR LLC lifted its position in shares of Apple by 5.3% during the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after acquiring an additional 18,224,005 shares during the period. Geode Capital Management LLC lifted its position in shares of Apple by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock valued at $77,542,863,000 after acquiring an additional 20,483,787 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Apple by 6.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock worth $22,121,656,000 after acquiring an additional 5,893,741 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after acquiring an additional 93,886,664 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Trading Down 2.7 %

NASDAQ AAPL opened at $217.90 on Friday. The company has a market capitalization of $3.27 trillion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The company’s fifty day moving average price is $230.70 and its two-hundred day moving average price is $233.26. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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%. As a group, research analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of research analyst reports. Maxim Group boosted their target price on Apple to $215.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Moffett Nathanson restated a “sell” rating and set a $188.00 target price (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. UBS Group upped their price target on shares of Apple to $236.00 and gave the company a “hold” rating in a report on Tuesday, February 25th. TD Cowen reissued a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Finally, Bank of America upped their target price on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $245.52.

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.