Hudson Capital Management LLC Reduces Stake in Apple Inc. (NASDAQ:AAPL)

Hudson Capital Management LLC trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,616 shares of the iPhone maker’s stock after selling 468 shares during the quarter. Apple makes up about 2.2% of Hudson Capital Management LLC’s portfolio, making the stock its 9th biggest holding. Hudson Capital Management LLC’s holdings in Apple were worth $7,166,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AAPL. State Street Corp raised its position in Apple by 10.6% during the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after acquiring an additional 55,935,105 shares in the last quarter. FMR LLC increased its position in Apple by 5.3% during the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after buying an additional 18,224,005 shares during the last quarter. Geode Capital Management LLC raised its stake in Apple by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock valued at $77,542,863,000 after acquiring an additional 20,483,787 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Apple by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after purchasing an additional 5,893,741 shares during the period. Finally, International Assets Investment Management LLC lifted its position in Apple by 20,372.7% during the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after acquiring an additional 93,886,664 shares during the last quarter. Institutional investors and hedge funds 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 stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on AAPL shares. Evercore ISI upped their price objective on Apple to $260.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Rosenblatt Securities restated a “buy” rating and issued a $262.00 price target on shares of Apple in a research note on Monday, January 27th. UBS Group increased their target price on shares of Apple to $236.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Redburn Partners set a $230.00 target price on Apple in a report on Friday, January 31st. Finally, KeyCorp restated an “underweight” rating and issued a $200.00 price target on shares of Apple in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $243.22.

Apple Trading Down 3.4 %

NASDAQ AAPL opened at $209.68 on Friday. The firm has a market capitalization of $3.15 trillion, a PE ratio of 33.28, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The business’s 50-day moving average price is $235.12 and its two-hundred day moving average price is $233.83. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10.

Apple (NASDAQ:AAPL) last announced 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 return on equity of 160.83% and a net margin of 24.30%. On average, analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed 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. 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%.

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.