NBC Securities Inc. Has $35,000 Stock Holdings in Apple Inc. (NASDAQ:AAPL)

NBC Securities Inc. lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 99.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 139 shares of the iPhone maker’s stock after selling 190,227 shares during the quarter. Apple accounts for approximately 3.6% of NBC Securities Inc.’s portfolio, making the stock its 2nd largest position. NBC Securities Inc.’s holdings in Apple were worth $35,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of AAPL. International Assets Investment Management LLC boosted its stake in shares of Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after buying an additional 93,886,664 shares during the last quarter. State Street Corp boosted its holdings in shares of Apple by 10.6% in the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after buying an additional 55,935,105 shares during the last quarter. Geode Capital Management LLC boosted its stake in Apple by 6.5% in the third quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock valued at $77,542,863,000 after acquiring an additional 20,483,787 shares during the last quarter. FMR LLC increased its stake in shares of Apple by 5.3% during the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after purchasing an additional 18,224,005 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock worth $22,121,656,000 after purchasing an additional 5,893,741 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Trading Down 0.5 %

Shares of AAPL opened at $214.10 on Friday. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10. The firm has a market cap of $3.22 trillion, a price-to-earnings ratio of 33.98, a PEG ratio of 2.44 and a beta of 1.18. The firm has a 50 day moving average price of $232.19 and a 200-day moving average price of $233.33. 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 posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, 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 declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders 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 (DPR) is currently 15.87%.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of recent research reports. DA Davidson set a $290.00 target price on Apple in a research report on Friday, January 31st. Jefferies Financial Group reissued an “underperform” rating on shares of Apple in a report on Wednesday, February 19th. Raymond James upped their price objective on shares of Apple to $250.00 and gave the company a “buy” rating in a report on Monday, January 20th. Oppenheimer downgraded shares of Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Finally, Loop Capital cut shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price target on the stock. in a research note on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, ten have issued 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.65.

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.