Apple Inc. (NASDAQ:AAPL) Position Reduced by Parkside Investments LLC

Parkside Investments LLC lowered its stake in Apple Inc. (NASDAQ:AAPLFree Report) by 11.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 50,033 shares of the iPhone maker’s stock after selling 6,527 shares during the period. Apple accounts for approximately 1.9% of Parkside Investments LLC’s holdings, making the stock its 14th biggest holding. Parkside Investments LLC’s holdings in Apple were worth $12,529,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. O Connor Financial Group LLC lifted its stake in Apple by 1.2% during the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock valued at $896,000 after buying an additional 41 shares in the last quarter. 1620 Investment Advisors Inc. raised its holdings in shares of Apple by 0.5% during the third quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock valued at $2,249,000 after acquiring an additional 45 shares during the period. Carolina Wealth Advisors LLC lifted its position in shares of Apple by 1.3% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock valued at $813,000 after acquiring an additional 46 shares in the last quarter. Menard Financial Group LLC boosted its stake in Apple by 0.4% in the 3rd quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock worth $2,848,000 after purchasing an additional 48 shares during the period. Finally, Hanseatic Management Services Inc. grew its position in Apple by 1.3% during the 4th quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock worth $945,000 after purchasing an additional 48 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of research analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of Apple in a report on Wednesday, February 19th. JPMorgan Chase & Co. increased their price objective on Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Wedbush reaffirmed an “outperform” rating and set a $325.00 target price on shares of Apple in a research note on Friday, March 14th. Redburn Partners set a $230.00 price target on shares of Apple in a research report on Friday, January 31st. Finally, Moffett Nathanson reaffirmed a “sell” rating and set a $188.00 price objective (down from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $243.65.

Check Out Our Latest Stock Report on AAPL

Apple Trading Down 0.5 %

Apple 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 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 capitalization of $3.22 trillion, a PE ratio of 33.98, a PEG ratio of 2.44 and a beta of 1.18. The business’s 50-day simple moving average is $232.19 and its 200-day simple moving average is $233.33.

Apple (NASDAQ:AAPLGet Free Report) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping 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%. Equities research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is presently 15.87%.

About Apple

(Free Report)

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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