Apple Inc. (NASDAQ:AAPL) Shares Sold by James Hambro & Partners LLP

James Hambro & Partners LLP cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 8.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,584 shares of the iPhone maker’s stock after selling 433 shares during the period. James Hambro & Partners LLP’s holdings in Apple were worth $1,148,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AAPL. Lighthouse Wealth Management Inc. bought a new stake in Apple during the 4th quarter valued at $1,535,000. CKW Financial Group lifted its holdings in Apple by 12.5% in the 4th quarter. CKW Financial Group now owns 17,641 shares of the iPhone maker’s stock valued at $4,418,000 after acquiring an additional 1,963 shares during the last quarter. Valued Wealth Advisors LLC boosted its holdings in Apple by 8.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 4,260 shares of the iPhone maker’s stock worth $1,067,000 after buying an additional 327 shares in the last quarter. Curran Financial Partners LLC boosted its stake in shares of Apple by 3.6% during the 4th quarter. Curran Financial Partners LLC now owns 25,785 shares of the iPhone maker’s stock worth $6,457,000 after acquiring an additional 895 shares in the last quarter. Finally, McLean Asset Management Corp increased its stake in Apple by 16.9% in the 4th quarter. McLean Asset Management Corp now owns 61,386 shares of the iPhone maker’s stock worth $15,372,000 after purchasing an additional 8,894 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Performance

Shares of AAPL opened at $214.10 on Friday. The stock has a market capitalization of $3.22 trillion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The business’s fifty day moving average price is $232.19 and its 200 day moving average price is $233.33. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10.

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

Apple Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Bank of America upped their price objective on shares of Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Oppenheimer downgraded Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Argus upgraded Apple to a “strong-buy” rating in a research note on Friday, January 31st. Monness Crespi & Hardt increased their price target on shares of Apple to $245.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Moffett Nathanson restated 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 analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus 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.