Apple Inc. (NASDAQ:AAPL) is Cornell Pochily Investment Advisors Inc.’s Largest Position

Cornell Pochily Investment Advisors Inc. lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 105,664 shares of the iPhone maker’s stock after selling 1,922 shares during the period. Apple accounts for approximately 9.2% of Cornell Pochily Investment Advisors Inc.’s portfolio, making the stock its biggest position. Cornell Pochily Investment Advisors Inc.’s holdings in Apple were worth $26,461,000 at the end of the most recent reporting period.

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

Apple Stock Down 0.5 %

AAPL stock opened at $214.10 on Friday. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The company has a market cap of $3.22 trillion, a P/E ratio of 33.98, a P/E/G ratio of 2.44 and a beta of 1.18. The company’s 50-day moving average price is $232.19 and its 200 day moving average price is $233.33.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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, research analysts expect 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 $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. Apple’s dividend payout ratio (DPR) is 15.87%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AAPL shares. DA Davidson set a $290.00 price objective on Apple in a report on Friday, January 31st. Raymond James lifted their price objective on shares of Apple to $250.00 and gave the company a “buy” rating in a report on Monday, January 20th. The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a report on Wednesday, February 19th. Needham & Company LLC restated a “buy” rating and issued a $260.00 price target on shares of Apple in a research note on Friday, January 31st. Finally, Argus raised Apple to a “strong-buy” rating in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $243.65.

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.