Neumann Capital Management LLC Trims Position in Apple Inc. (NASDAQ:AAPL)

Neumann Capital Management LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 77,077 shares of the iPhone maker’s stock after selling 2,480 shares during the quarter. Apple accounts for 6.4% of Neumann Capital Management LLC’s holdings, making the stock its 3rd biggest position. Neumann Capital Management LLC’s holdings in Apple were worth $19,302,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Motive Wealth Advisors raised its holdings in Apple by 13.9% during the fourth quarter. Motive Wealth Advisors now owns 15,203 shares of the iPhone maker’s stock worth $3,807,000 after acquiring an additional 1,852 shares in the last quarter. MFA Wealth Services bought a new stake in shares of Apple during the 4th quarter worth about $3,191,000. One Wealth Management Investment & Advisory Services LLC grew its stake in Apple by 2.0% in the 4th quarter. One Wealth Management Investment & Advisory Services LLC now owns 41,862 shares of the iPhone maker’s stock valued at $10,483,000 after buying an additional 819 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its holdings in shares of Apple by 9.6% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 21,594 shares of the iPhone maker’s stock worth $5,407,000 after buying an additional 1,894 shares in the last quarter. Finally, Caldwell Sutter Capital Inc. boosted its holdings in Apple by 4.0% in the 4th quarter. Caldwell Sutter Capital Inc. now owns 50,178 shares of the iPhone maker’s stock valued at $12,566,000 after purchasing an additional 1,948 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Transactions at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AAPL shares. TD Cowen reiterated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 price target on shares of Apple in a research note on Friday, January 31st. Raymond James raised their price target on shares of Apple to $250.00 and gave the stock a “buy” rating in a report on Monday, January 20th. Bank of America raised their target price on Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, Sanford C. Bernstein upped their price target on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $243.22.

Apple Stock Up 1.8 %

AAPL stock opened at $213.49 on Friday. 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 company has a market capitalization of $3.21 trillion, a price-to-earnings ratio of 33.89, a PEG ratio of 2.44 and a beta of 1.18. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10. The stock has a fifty day moving average of $234.52 and a 200-day moving average of $233.77.

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

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is 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.