Oldfather Financial Services LLC Has $3.14 Million Stake in Apple Inc. (NASDAQ:AAPL)

Oldfather Financial Services LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 9.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,524 shares of the iPhone maker’s stock after selling 1,282 shares during the quarter. Apple accounts for approximately 1.2% of Oldfather Financial Services LLC’s holdings, making the stock its 18th largest holding. Oldfather Financial Services LLC’s holdings in Apple were worth $3,136,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AAPL. Bull Oak Capital LLC grew its holdings 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 valued at $36,000 after acquiring an additional 111 shares in the last quarter. Hershey Financial Advisers LLC bought a new position in shares of Apple in the 2nd quarter valued at about $42,000. Christopher J. Hasenberg Inc grew its holdings in shares of 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 acquiring an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new position in shares of Apple in the 3rd quarter valued at about $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new position in shares of Apple in the 3rd quarter valued at about $77,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the subject of several analyst reports. Needham & Company LLC restated a “buy” rating and issued a $260.00 price objective on shares of Apple in a report on Friday, January 31st. Oppenheimer cut Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Rosenblatt Securities reiterated a “buy” rating and set a $262.00 price target on shares of Apple in a report on Monday, January 27th. Sanford C. Bernstein lifted their price target on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Apple in a report on Wednesday, February 19th. Four equities research 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $243.88.

Apple Stock Up 1.6 %

Apple stock opened at $239.07 on Friday. Apple Inc. has a 1-year low of $164.08 and a 1-year high of $260.10. The firm has a market capitalization of $3.59 trillion, a price-to-earnings ratio of 37.95, a P/E/G ratio of 2.44 and a beta of 1.18. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The firm has a 50 day simple moving average of $237.56 and a 200 day simple moving average of $234.03.

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

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date 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 (DPR) is currently 15.87%.

Insider Activity

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

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.