Apple Inc. (NASDAQ:AAPL) Shares Sold by Corrigan Financial Inc.

Corrigan Financial Inc. lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,403 shares of the iPhone maker’s stock after selling 425 shares during the quarter. Apple accounts for 1.9% of Corrigan Financial Inc.’s portfolio, making the stock its 14th largest position. Corrigan Financial Inc.’s holdings in Apple were worth $8,365,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bull Oak Capital LLC lifted its holdings in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares during the last quarter. Hershey Financial Advisers LLC bought a new position in Apple during the 2nd quarter worth approximately $42,000. SPX Gestao de Recursos Ltda bought a new stake in shares of Apple in the 3rd quarter worth approximately $71,000. Christopher J. Hasenberg Inc lifted its holdings in shares of Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares during the last quarter. Finally, Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple in the 3rd quarter worth approximately $77,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Price Performance

AAPL opened at $245.55 on Friday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The stock has a fifty day moving average price of $240.47 and a 200 day moving average price of $232.55. The stock has a market cap of $3.69 trillion, a price-to-earnings ratio of 38.98, a PEG ratio of 2.43 and a beta of 1.20. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping 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%. Analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

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. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. Apple’s payout ratio is presently 15.87%.

Analyst Ratings Changes

Several analysts recently issued reports on AAPL shares. Wedbush reissued an “outperform” rating and issued a $325.00 price target on shares of Apple in a report on Thursday, January 23rd. Evercore ISI lifted their target price on Apple to $260.00 and gave the company a “buy” rating in a research note on Thursday. Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a research note on Tuesday, January 21st. Morgan Stanley lifted their target price on Apple from $273.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Raymond James lifted their target price on Apple to $250.00 and gave the company a “buy” rating in a research note on Monday, January 20th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $242.52.

Insider Transactions at Apple

In other 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

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.