Apple Inc. (NASDAQ:AAPL) Position Reduced by Alan B Lancz & Associates Inc.

Alan B Lancz & Associates Inc. decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,515 shares of the iPhone maker’s stock after selling 3,209 shares during the period. Apple accounts for about 10.6% of Alan B Lancz & Associates Inc.’s holdings, making the stock its biggest position. Alan B Lancz & Associates Inc.’s holdings in Apple were worth $10,396,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bull Oak Capital LLC boosted its position in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the period. Christopher J. Hasenberg Inc increased its holdings in shares of Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after buying an additional 144 shares during the period. SPX Gestao de Recursos Ltda bought a new stake in shares of Apple in the 3rd quarter valued at about $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in Apple during the 3rd quarter valued at about $77,000. Finally, ARK Investment Management LLC bought a new position in Apple during the 3rd quarter worth approximately $110,000. Institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several research analyst reports. Wedbush reissued an “outperform” rating and set a $325.00 target price on shares of Apple in a research note on Friday. Maxim Group boosted their price objective on shares of Apple to $215.00 and gave the company a “hold” rating in a research report on Friday, February 21st. TD Cowen restated a “buy” rating on shares of Apple in a report on Tuesday, January 28th. DA Davidson set a $290.00 target price on shares of Apple in a research note on Friday, January 31st. Finally, Moffett Nathanson reissued a “sell” rating and issued a $188.00 price target (down from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $243.22.

Apple Stock Up 0.2 %

Shares of AAPL opened at $214.00 on Tuesday. 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 50-day simple moving average of $233.90 and a 200-day simple moving average of $233.71. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10. The firm has a market capitalization of $3.21 trillion, a P/E ratio of 33.97, a P/E/G ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last posted its quarterly 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, equities research analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The company also recently announced 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 yield of 0.47%. Apple’s dividend payout ratio (DPR) is currently 15.87%.

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.