Diamant Asset Management Inc. Sells 7,078 Shares of Apple Inc. (NASDAQ:AAPL)

Diamant Asset Management Inc. lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,403 shares of the iPhone maker’s stock after selling 7,078 shares during the quarter. Apple accounts for 22.6% of Diamant Asset Management Inc.’s holdings, making the stock its largest holding. Diamant Asset Management Inc.’s holdings in Apple were worth $35,410,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. Bull Oak Capital LLC raised its position in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after purchasing an additional 111 shares during the period. Christopher J. Hasenberg Inc raised its holdings in shares of Apple by 88.9% in the 3rd 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 period. SPX Gestao de Recursos Ltda purchased a new stake in shares of Apple in the 3rd quarter valued at $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple in the 3rd quarter valued at $77,000. Finally, ARK Investment Management LLC purchased a new stake in shares of Apple in the 3rd quarter valued at $110,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AAPL shares. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price objective on shares of Apple in a report on Friday, January 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $262.00 price objective on shares of Apple in a report on Monday, January 27th. UBS Group boosted their price objective on Apple to $236.00 and gave the company a “hold” rating in a report on Tuesday, February 25th. Oppenheimer downgraded Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Finally, DA Davidson set a $290.00 price target on Apple in a report on Friday, January 31st. Four equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.65.

Apple Stock Up 1.9 %

Apple stock opened at $218.27 on Friday. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. The stock has a market capitalization of $3.28 trillion, a price-to-earnings ratio of 34.65, a PEG ratio of 2.44 and a beta of 1.18. The stock has a 50 day moving average of $231.82 and a two-hundred day moving average of $233.26. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, research analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.

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.