Apple Inc. (NASDAQ:AAPL) Position Trimmed by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 154,987 shares of the iPhone maker’s stock after selling 7,337 shares during the quarter. Apple makes up about 4.1% of Folger Nolan Fleming Douglas Capital Management Inc.’s investment portfolio, making the stock its 6th largest holding. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Apple were worth $38,812,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Retirement Wealth Solutions LLC acquired a new stake in Apple in the 4th quarter worth approximately $383,000. O Keefe Stevens Advisory Inc. increased its position in shares of Apple by 24.6% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 5,194 shares of the iPhone maker’s stock valued at $1,301,000 after purchasing an additional 1,026 shares during the period. Brooklyn Investment Group grew its holdings in shares of Apple by 7.3% in the 4th quarter. Brooklyn Investment Group now owns 100,258 shares of the iPhone maker’s stock worth $25,107,000 after purchasing an additional 6,821 shares during the last quarter. Defined Wealth Management LLC lifted its holdings in Apple by 2.6% during the 4th quarter. Defined Wealth Management LLC now owns 11,256 shares of the iPhone maker’s stock valued at $2,819,000 after purchasing an additional 286 shares during the last quarter. Finally, 25 LLC lifted its holdings in Apple by 2.9% during the 4th quarter. 25 LLC now owns 15,675 shares of the iPhone maker’s stock valued at $3,925,000 after purchasing an additional 447 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Down 1.6 %

AAPL stock opened at $238.03 on Tuesday. Apple Inc. has a twelve month low of $164.07 and a twelve 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 firm has a market capitalization of $3.58 trillion, a PE ratio of 37.78, a PEG ratio of 2.44 and a beta of 1.20. The stock has a 50-day simple moving average of $239.26 and a two-hundred day simple moving average of $233.85.

Apple (NASDAQ:AAPL) last released its 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%. On average, equities analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently announced 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 of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. Apple’s dividend payout ratio is currently 15.87%.

Insider Activity at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the 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 owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of research analyst reports. Argus raised shares of Apple to a “strong-buy” rating in a research note on Friday, January 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 price target on shares of Apple in a research note on Friday, January 31st. TD Cowen reissued a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Bank of America boosted their price objective on shares of Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Redburn Partners set a $230.00 price target on shares of Apple in a research report on Friday, January 31st. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $243.88.

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.