Apple Inc. (NASDAQ:AAPL) Shares Sold by Cedar Mountain Advisors LLC

Cedar Mountain Advisors LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,992 shares of the iPhone maker’s stock after selling 280 shares during the quarter. Apple makes up 0.5% of Cedar Mountain Advisors LLC’s portfolio, making the stock its 25th biggest holding. Cedar Mountain Advisors LLC’s holdings in Apple were worth $2,252,000 at the end of the most recent quarter.

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

Apple Trading Up 0.2 %

Apple stock opened at $214.00 on Tuesday. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The firm’s 50 day moving average price is $233.90 and its two-hundred day moving average price is $233.71. The firm has a market cap of $3.21 trillion, a price-to-earnings ratio of 33.97, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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%. On average, research analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently declared 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 was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.47%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a report on Wednesday, February 19th. Maxim Group raised their target price on shares of Apple to $215.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 price target for the company. in a research note on Tuesday, January 21st. Raymond James lifted their price objective on Apple to $250.00 and gave the company a “buy” rating in a research note on Monday, January 20th. Finally, Evercore ISI increased their target price on shares of Apple to $260.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Four equities research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.