David J Yvars Group Has $5.40 Million Stake in Apple Inc. (NASDAQ:AAPL)

David J Yvars Group lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 9.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 21,548 shares of the iPhone maker’s stock after selling 2,361 shares during the quarter. Apple accounts for 3.3% of David J Yvars Group’s holdings, making the stock its 7th biggest holding. David J Yvars Group’s holdings in Apple were worth $5,396,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. High Net Worth Advisory Group LLC raised its holdings in shares of Apple by 1.7% in the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after buying an additional 1,066 shares during the period. Amara Financial LLC. bought a new position in Apple in the 3rd quarter valued at $288,000. Granite Investment Partners LLC increased its stake in Apple by 2.7% in the second quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker’s stock worth $60,958,000 after purchasing an additional 7,606 shares during the period. Truist Financial Corp lifted its position in shares of Apple by 1.8% during the second quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock worth $1,473,224,000 after purchasing an additional 126,210 shares during the last quarter. Finally, Sterling Investment Counsel LLC boosted its stake in shares of Apple by 3.8% during the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after purchasing an additional 2,565 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

AAPL has been the topic of several recent analyst reports. Bank of America raised their price target on shares of Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. UBS Group set a $270.00 target price on shares of Apple in a research report on Friday, January 31st. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Monness Crespi & Hardt increased their price objective on Apple to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Maxim Group lifted their target price on Apple to $215.00 and gave the company a “hold” rating in a research report on Friday. Four 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $244.85.

Apple Stock Up 0.6 %

Shares of NASDAQ:AAPL opened at $247.10 on Tuesday. The firm has a market cap of $3.71 trillion, a PE ratio of 39.22, a price-to-earnings-growth ratio of 2.44 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 Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The company has a fifty day simple moving average of $240.39 and a 200 day simple moving average of $233.12.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS 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%. On average, equities research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. Apple’s dividend payout ratio is currently 15.87%.

Insider Buying and Selling

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 shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.06% of the stock is owned by company insiders.

About Apple

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.