Apple Inc. (NASDAQ:AAPL) is International Assets Investment Management LLC’s 3rd Largest Position

International Assets Investment Management LLC reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 99.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 471,462 shares of the iPhone maker’s stock after selling 93,876,048 shares during the period. Apple comprises approximately 5.4% of International Assets Investment Management LLC’s portfolio, making the stock its 3rd biggest holding. International Assets Investment Management LLC’s holdings in Apple were worth $118,064,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Bull Oak Capital LLC increased its stake in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares during the period. Hershey Financial Advisers LLC purchased a new position in shares of Apple in the second quarter worth $42,000. Christopher J. Hasenberg Inc raised 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 buying an additional 144 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in Apple during the 3rd quarter valued at $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new stake in Apple in the 3rd quarter worth $77,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business’s 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 completion of the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AAPL shares. The Goldman Sachs Group upped their price objective on shares of Apple from $280.00 to $294.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Argus upgraded Apple to a “strong-buy” rating in a report on Friday, January 31st. Barclays lifted their price objective on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Oppenheimer downgraded Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Finally, Citigroup lifted their price target on shares of Apple from $255.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $242.52.

Apple Price Performance

AAPL opened at $244.47 on Wednesday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The stock has a 50-day moving average price of $240.66 and a 200-day moving average price of $231.94. The firm has a market cap of $3.67 trillion, a PE ratio of 38.80, a P/E/G ratio of 2.32 and a beta of 1.20. 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 earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) 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%. Sell-side analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.41%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

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.