Harbor Group Inc. Has $2.33 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Harbor Group Inc. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,313 shares of the iPhone maker’s stock after selling 64 shares during the quarter. Apple makes up about 0.5% of Harbor Group Inc.’s holdings, making the stock its 26th biggest position. Harbor Group Inc.’s holdings in Apple were worth $2,332,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AAPL. Bull Oak Capital LLC grew 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 valued at $36,000 after buying an additional 111 shares during the last quarter. Hershey Financial Advisers LLC acquired a new position in Apple in the 2nd quarter valued at $42,000. Christopher J. Hasenberg Inc grew its stake in Apple by 88.9% in 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 acquired a new position in Apple in the 3rd quarter valued at $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in Apple in the 3rd quarter valued at $77,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Up 1.9 %

AAPL stock opened at $241.76 on Friday. The company’s 50 day moving average price is $239.60 and its 200 day moving average price is $233.67. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The firm has a market capitalization of $3.63 trillion, a price-to-earnings ratio of 38.37, a PEG ratio of 2.44 and a beta of 1.20.

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

Apple Announces Dividend

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

Wall Street Analyst Weigh In

AAPL has been the topic of a number of research analyst reports. Evercore ISI raised their target price on shares of Apple to $260.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Jefferies Financial Group reiterated an “underperform” rating on shares of Apple in a research report on Wednesday, February 19th. Rosenblatt Securities restated a “buy” rating and issued a $262.00 price objective on shares of Apple in a research report on Monday, January 27th. Sanford C. Bernstein lifted their price target on shares of Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Loop Capital lowered shares of 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. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $243.88.

Insider Activity at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

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.