Apple Inc. (NASDAQ:AAPL) Stock Holdings Lessened by Charter Oak Capital Management LLC

Charter Oak Capital Management LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,499 shares of the iPhone maker’s stock after selling 1,606 shares during the quarter. Apple makes up approximately 1.9% of Charter Oak Capital Management LLC’s holdings, making the stock its 10th largest holding. Charter Oak Capital Management LLC’s holdings in Apple were worth $19,908,000 at the end of the most recent reporting period.

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

Apple Trading Up 1.9 %

AAPL opened at $218.27 on Friday. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The stock has a market capitalization of $3.28 trillion, a PE ratio of 34.65, a P/E/G ratio of 2.44 and a beta of 1.18. The firm’s fifty day moving average price is $231.82 and its 200 day moving average price is $233.33.

Apple (NASDAQ:AAPL) last issued 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%. As a group, research analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The company 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 is presently 15.87%.

Wall Street Analyst Weigh In

AAPL has been the topic of several research analyst reports. UBS Group raised their target price on shares of Apple to $236.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Bank of America boosted 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. DA Davidson set a $290.00 target price on Apple in a research report on Friday, January 31st. Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and set a $230.00 price target for the company. in a research report on Tuesday, January 21st. Finally, KeyCorp restated an “underweight” rating and issued a $200.00 price objective on shares of Apple in a report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $243.65.

Apple 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.