Anderson Hoagland & Co. Trims Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Anderson Hoagland & Co. trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 9.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 139,020 shares of the iPhone maker’s stock after selling 14,684 shares during the quarter. Apple accounts for about 3.3% of Anderson Hoagland & Co.’s holdings, making the stock its 8th biggest holding. Anderson Hoagland & Co.’s holdings in Apple were worth $31,972,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. lifted its position in Apple by 254.9% in the second 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. Heritage Oak Wealth Advisors LLC purchased a new position in shares of Apple in the second quarter worth $4,442,000. Kestra Investment Management LLC bought a new stake in Apple during the 2nd quarter valued at $11,587,000. Gibson Wealth Advisors LLC boosted its position in Apple by 15.0% during the 2nd quarter. Gibson Wealth Advisors LLC now owns 6,894 shares of the iPhone maker’s stock valued at $1,452,000 after buying an additional 900 shares during the period. Finally, RiverFront Investment Group LLC grew its holdings in Apple by 13.2% in the 2nd quarter. RiverFront Investment Group LLC now owns 275,702 shares of the iPhone maker’s stock worth $58,068,000 after acquiring an additional 32,203 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

AAPL stock opened at $214.00 on Tuesday. The stock’s 50 day simple moving average is $233.90 and its 200 day simple moving average is $233.71. 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. The stock has a market capitalization of $3.21 trillion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating 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, research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal 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 issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is presently 15.87%.

Analyst Ratings Changes

Several equities analysts have recently commented on AAPL shares. Morgan Stanley lowered their price objective on shares of Apple from $275.00 to $252.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. JPMorgan Chase & Co. increased their price objective on Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Oppenheimer cut Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Raymond James raised their price target on Apple to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 20th. Finally, Argus raised shares of Apple to a “strong-buy” rating in a research report on Friday, January 31st. Four investment 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 assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $243.22.

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.