Apple Inc. (NASDAQ:AAPL) is Traynor Capital Management Inc.’s 3rd Largest Position

Traynor Capital Management Inc. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 524,986 shares of the iPhone maker’s stock after selling 15,540 shares during the quarter. Apple comprises 8.8% of Traynor Capital Management Inc.’s holdings, making the stock its 3rd largest holding. Traynor Capital Management Inc.’s holdings in Apple were worth $131,467,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. Point72 Asia Singapore Pte. Ltd. increased its holdings in Apple by 254.9% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 107,030 shares of the iPhone maker’s stock valued at $22,543,000 after purchasing an additional 76,870 shares during the last quarter. Decatur Capital Management Inc. grew its stake in shares of Apple by 2.8% in the second quarter. Decatur Capital Management Inc. now owns 115,026 shares of the iPhone maker’s stock valued at $24,227,000 after buying an additional 3,161 shares in the last quarter. DSM Capital Partners LLC raised its holdings in shares of Apple by 81,630.7% in the 2nd quarter. DSM Capital Partners LLC now owns 2,412,689 shares of the iPhone maker’s stock valued at $508,161,000 after buying an additional 2,409,737 shares during the period. DE Burlo Group Inc. raised its holdings in shares of Apple by 28.8% in the 2nd quarter. DE Burlo Group Inc. now owns 210,123 shares of the iPhone maker’s stock valued at $44,256,000 after buying an additional 47,000 shares during the period. Finally, Daymark Wealth Partners LLC lifted its stake in Apple by 10.2% during the 2nd quarter. Daymark Wealth Partners LLC now owns 907,902 shares of the iPhone maker’s stock worth $191,222,000 after acquiring an additional 84,076 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

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

Apple Trading Down 3.4 %

NASDAQ AAPL opened at $209.68 on Friday. The firm’s fifty day moving average is $235.12 and its two-hundred day moving average is $233.83. Apple Inc. has a one year low of $164.08 and a one year high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm has a market cap of $3.15 trillion, a PE ratio of 33.28, a P/E/G ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last issued 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%. Analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AAPL shares. Argus raised shares of Apple to a “strong-buy” rating in a research report on Friday, January 31st. Oppenheimer lowered shares of Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Maxim Group boosted their price target on shares of Apple to $215.00 and gave the stock a “hold” rating in a research note on Friday, February 21st. Barclays increased their price objective on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Finally, UBS Group boosted their target price on Apple to $236.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $243.22.

Apple Company 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.