Moseley Investment Management Inc. Has $17.45 Million Position in Apple Inc. (NASDAQ:AAPL)

Moseley Investment Management Inc. reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 69,675 shares of the iPhone maker’s stock after selling 3,139 shares during the quarter. Apple accounts for 6.8% of Moseley Investment Management Inc.’s holdings, making the stock its biggest holding. Moseley Investment Management Inc.’s holdings in Apple were worth $17,448,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Covea Finance boosted its position in shares of Apple by 13.3% during the 4th quarter. Covea Finance now owns 535,442 shares of the iPhone maker’s stock worth $134,085,000 after acquiring an additional 62,960 shares in the last quarter. Richard P Slaughter Associates Inc lifted its stake in Apple by 2.3% during the fourth quarter. Richard P Slaughter Associates Inc now owns 23,123 shares of the iPhone maker’s stock worth $5,790,000 after purchasing an additional 530 shares during the last quarter. Clarus Wealth Advisors boosted its holdings in shares of Apple by 2.9% in the 4th quarter. Clarus Wealth Advisors now owns 37,936 shares of the iPhone maker’s stock valued at $8,892,000 after purchasing an additional 1,063 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of Apple by 16.8% in the 4th quarter. Park Avenue Securities LLC now owns 468,966 shares of the iPhone maker’s stock valued at $117,438,000 after purchasing an additional 67,346 shares during the last quarter. Finally, Kathmere Capital Management LLC increased its stake in shares of Apple by 7.4% in the 4th quarter. Kathmere Capital Management LLC now owns 82,903 shares of the iPhone maker’s stock valued at $20,761,000 after purchasing an additional 5,693 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Price Performance

Shares of AAPL opened at $240.36 on Thursday. The business’s fifty day moving average is $240.10 and its 200 day moving average is $233.39. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The stock has a market cap of $3.61 trillion, a P/E ratio of 38.15, a P/E/G ratio of 2.44 and a beta of 1.20.

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, beating analysts’ consensus estimates 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 anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared 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 0.42%. Apple’s payout ratio is 15.87%.

Insider Buying and Selling at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on AAPL. Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective on the stock. in a research note on Tuesday, January 21st. DA Davidson set a $290.00 price target on shares of Apple in a research note on Friday, January 31st. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Apple in a report on Wednesday, February 19th. Moffett Nathanson reissued a “sell” rating and issued a $188.00 price objective (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Finally, Redburn Partners set a $230.00 target price on shares of Apple in a research report on Friday, January 31st. 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 issued 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 target price of $243.88.

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.