Mogy Joel R Investment Counsel Inc. Sells 4,813 Shares of Apple Inc. (NASDAQ:AAPL)

Mogy Joel R Investment Counsel Inc. trimmed its position in Apple Inc. (NASDAQ:AAPL) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 632,876 shares of the iPhone maker’s stock after selling 4,813 shares during the period. Apple comprises about 9.4% of Mogy Joel R Investment Counsel Inc.’s portfolio, making the stock its 2nd largest holding. Mogy Joel R Investment Counsel Inc.’s holdings in Apple were worth $158,485,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fairscale Capital LLC purchased a new stake in shares of Apple during the 2nd quarter valued at approximately $4,709,000. EverSource Wealth Advisors LLC raised its position in Apple by 8.8% in the second quarter. EverSource Wealth Advisors LLC now owns 206,360 shares of the iPhone maker’s stock valued at $45,828,000 after purchasing an additional 16,756 shares during the period. Edge Capital Group LLC increased its position in shares of Apple by 1.1% during the second quarter. Edge Capital Group LLC now owns 113,328 shares of the iPhone maker’s stock worth $23,869,000 after acquiring an additional 1,186 shares during the period. Delos Wealth Advisors LLC increased its position in shares of Apple by 41.2% during the second quarter. Delos Wealth Advisors LLC now owns 11,824 shares of the iPhone maker’s stock worth $2,490,000 after acquiring an additional 3,453 shares during the period. Finally, Certified Advisory Corp purchased a new stake in shares of Apple during the second quarter worth $16,612,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Argus upgraded shares of Apple to a “strong-buy” rating in a research note on Friday, January 31st. Barclays increased their target price on shares of Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research note on Friday, January 31st. Wells Fargo & Company increased their price target on shares of Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Monness Crespi & Hardt increased their price target on shares of Apple to $245.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $325.00 target price on shares of Apple in a report on Monday, March 3rd. Four equities 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 given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $243.88.

Apple Price Performance

NASDAQ AAPL opened at $227.48 on Tuesday. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10. 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 stock has a market cap of $3.42 trillion, a price-to-earnings ratio of 36.11, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a 50-day moving average price of $237.06 and a two-hundred day moving average price of $234.16.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating 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%. Analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Apple’s dividend payout ratio (DPR) is presently 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.