Moody Lynn & Lieberson LLC Sells 214 Shares of Apple Inc. (NASDAQ:AAPL)

Moody Lynn & Lieberson LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 305,264 shares of the iPhone maker’s stock after selling 214 shares during the quarter. Apple comprises approximately 4.7% of Moody Lynn & Lieberson LLC’s investment portfolio, making the stock its 4th largest position. Moody Lynn & Lieberson LLC’s holdings in Apple were worth $76,444,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AAPL. International Assets Investment Management LLC lifted its position in shares of Apple by 20,372.7% during the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after acquiring an additional 93,886,664 shares during the period. State Street Corp increased its position in Apple by 10.6% in the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after buying an additional 55,935,105 shares in the last quarter. Geode Capital Management LLC raised its stake in Apple by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock worth $77,542,863,000 after buying an additional 20,483,787 shares during the period. FMR LLC boosted its holdings in Apple by 5.3% in the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after acquiring an additional 18,224,005 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in 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 acquiring an additional 5,893,741 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. UBS Group lifted their price objective on shares of Apple to $236.00 and gave the company a “hold” rating in a report on Tuesday, February 25th. Monness Crespi & Hardt boosted their target price on shares of Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. TD Cowen reaffirmed a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Finally, Sanford C. Bernstein boosted their price objective on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $243.22.

Apple Stock Performance

NASDAQ:AAPL opened at $214.00 on Tuesday. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The business’s fifty day moving average is $233.90 and its 200 day moving average is $233.71. 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 firm has a market cap of $3.21 trillion, a price-to-earnings ratio of 33.97, a PEG 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, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

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