Apple Inc. (NASDAQ:AAPL) Stake Decreased by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 201,196 shares of the iPhone maker’s stock after selling 4,403 shares during the period. Apple makes up approximately 5.7% of Steigerwald Gordon & Koch Inc.’s portfolio, making the stock its biggest holding. Steigerwald Gordon & Koch Inc.’s holdings in Apple were worth $50,384,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AAPL. Gardner Lewis Asset Management L P grew its holdings in shares of Apple by 1.8% in the 2nd quarter. Gardner Lewis Asset Management L P now owns 63,075 shares of the iPhone maker’s stock worth $13,285,000 after acquiring an additional 1,120 shares during the period. Paces Ferry Wealth Advisors LLC grew its holdings in Apple by 0.9% in the second quarter. Paces Ferry Wealth Advisors LLC now owns 71,991 shares of the iPhone maker’s stock valued at $15,163,000 after purchasing an additional 662 shares during the last quarter. Altrius Capital Management Inc increased its position in shares of Apple by 5.9% in the second quarter. Altrius Capital Management Inc now owns 4,006 shares of the iPhone maker’s stock valued at $844,000 after buying an additional 223 shares in the last quarter. Soundwatch Capital LLC increased its position in shares of Apple by 169.1% in the second quarter. Soundwatch Capital LLC now owns 5,810 shares of the iPhone maker’s stock valued at $1,224,000 after buying an additional 3,651 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc raised its stake in shares of Apple by 1.0% during the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 19,508 shares of the iPhone maker’s stock worth $4,109,000 after buying an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on AAPL. JPMorgan Chase & Co. raised their target price on shares of Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Raymond James raised their price objective on shares of Apple to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 20th. TD Cowen reaffirmed a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Bank of America increased their target price on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Redburn Partners set a $230.00 price target on Apple in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $243.88.

Insider Buying and Selling

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Apple Price Performance

Apple stock opened at $235.33 on Friday. The firm has a fifty day moving average of $237.89 and a 200-day moving average of $233.94. Apple Inc. has a 52-week low of $164.08 and a 52-week 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 $3.54 trillion, a P/E ratio of 37.35, 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 the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.42%. Apple’s payout ratio is currently 15.87%.

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.