Apple Inc. (NASDAQ:AAPL) Shares Sold by Accordant Advisory Group Inc

Accordant Advisory Group Inc reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 14.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,184 shares of the iPhone maker’s stock after selling 200 shares during the period. Accordant Advisory Group Inc’s holdings in Apple were worth $296,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AAPL. AMF Tjanstepension AB lifted its stake in Apple by 21.1% during the third quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock valued at $787,631,000 after purchasing an additional 588,427 shares during the last quarter. Foresight Capital Management Advisors Inc. lifted its position in shares of Apple by 4.3% during the 3rd quarter. Foresight Capital Management Advisors Inc. now owns 19,828 shares of the iPhone maker’s stock valued at $4,620,000 after acquiring an additional 823 shares during the last quarter. Cypress Financial Planning LLC lifted its position in shares of Apple by 3.2% during the 3rd quarter. Cypress Financial Planning LLC now owns 8,173 shares of the iPhone maker’s stock valued at $1,904,000 after acquiring an additional 256 shares during the last quarter. New England Research & Management Inc. boosted its stake in shares of Apple by 0.3% during the 3rd quarter. New England Research & Management Inc. now owns 36,348 shares of the iPhone maker’s stock worth $8,469,000 after acquiring an additional 95 shares in the last quarter. Finally, Global Financial Private Client LLC grew its holdings in shares of Apple by 1.4% in the 3rd quarter. Global Financial Private Client LLC now owns 71,622 shares of the iPhone maker’s stock worth $16,688,000 after acquiring an additional 1,013 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple Price Performance

NASDAQ AAPL opened at $218.27 on Monday. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10. The stock’s 50-day moving average is $231.82 and its two-hundred day moving average is $233.42. The firm has a market cap of $3.28 trillion, a P/E ratio of 34.65, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. 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 (NASDAQ:AAPL) last issued its quarterly earnings data 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%. On average, analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is 15.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AAPL shares. Wedbush reiterated an “outperform” rating and issued a $325.00 price target on shares of Apple in a research report on Friday, March 14th. Citigroup raised their target price on shares of Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Bank of America lifted their target price on shares of Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Rosenblatt Securities restated a “buy” rating and issued a $262.00 price target on shares of Apple in a research report on Monday, January 27th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a research report on Wednesday, February 19th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.