Apple Inc. (NASDAQ:AAPL) Shares Sold by Lincoln Capital LLC

Lincoln Capital LLC reduced its holdings in Apple Inc. (NASDAQ:AAPL) by 0.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 57,304 shares of the iPhone maker’s stock after selling 481 shares during the quarter. Apple makes up 3.0% of Lincoln Capital LLC’s portfolio, making the stock its 10th biggest position. Lincoln Capital LLC’s holdings in Apple were worth $14,350,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Bull Oak Capital LLC grew its stake in shares of Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares during the last quarter. Hershey Financial Advisers LLC bought a new stake in Apple in the second quarter worth approximately $42,000. Christopher J. Hasenberg Inc grew its position in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new stake in Apple in the third quarter worth approximately $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple during the 3rd quarter worth $77,000. 67.73% of the stock is currently owned by institutional investors.

Apple Price Performance

Shares of AAPL opened at $239.07 on Friday. The company has a 50 day moving average of $237.56 and a two-hundred day moving average of $234.03. The company has a market cap of $3.59 trillion, a price-to-earnings ratio of 37.95, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. Apple Inc. has a twelve month low of $164.08 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.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders 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 dividend yield of 0.42%. Apple’s dividend payout ratio (DPR) is 15.87%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AAPL. Redburn Partners set a $230.00 price target on shares of Apple in a report on Friday, January 31st. Oppenheimer cut shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Moffett Nathanson reissued a “sell” rating and set a $188.00 price objective (down previously from $202.00) on shares of Apple in a report on Tuesday, January 7th. KeyCorp reaffirmed an “underweight” rating and issued a $200.00 target price on shares of Apple in a research note on Friday, January 31st. Finally, Raymond James lifted 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. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.88.

Insider Activity

In other news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction dated 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 sale, the chief operating officer now owns 389,944 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.06% of the company’s stock.

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.