Apple Inc. (NASDAQ:AAPL) Shares Sold by Calton & Associates Inc.

Calton & Associates Inc. lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 18.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,487 shares of the iPhone maker’s stock after selling 9,631 shares during the quarter. Apple accounts for about 4.7% of Calton & Associates Inc.’s investment portfolio, making the stock its 3rd largest position. Calton & Associates Inc.’s holdings in Apple were worth $10,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of AAPL. AMF Tjanstepension AB boosted its position in Apple by 21.1% in the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock valued at $787,631,000 after buying an additional 588,427 shares during the last quarter. First PREMIER Bank lifted its stake in shares of Apple by 1.7% during the third quarter. First PREMIER Bank now owns 93,467 shares of the iPhone maker’s stock valued at $21,778,000 after acquiring an additional 1,551 shares during the period. Barlow Wealth Partners Inc. boosted its holdings in Apple by 0.4% in the third quarter. Barlow Wealth Partners Inc. now owns 118,888 shares of the iPhone maker’s stock valued at $26,356,000 after acquiring an additional 524 shares during the last quarter. Great Oak Capital Partners LLC increased its position in Apple by 1.4% in the third quarter. Great Oak Capital Partners LLC now owns 4,978 shares of the iPhone maker’s stock worth $1,129,000 after purchasing an additional 70 shares during the period. Finally, Tilia Fiduciary Partners Inc. raised its holdings in Apple by 5.3% during the 3rd quarter. Tilia Fiduciary Partners Inc. now owns 32,816 shares of the iPhone maker’s stock worth $7,646,000 after purchasing an additional 1,656 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AAPL. UBS Group increased their price objective on shares of Apple to $236.00 and gave the company a “hold” rating in a report on Tuesday, February 25th. Redburn Partners set a $230.00 price target on Apple in a research note on Friday, January 31st. Loop Capital cut Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research note on Tuesday, January 21st. Jefferies Financial Group reiterated an “underperform” rating on shares of Apple in a report on Wednesday, February 19th. Finally, KeyCorp restated an “underweight” rating and set a $200.00 target price on shares of Apple in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $243.65.

Apple Stock Performance

Apple stock opened at $221.53 on Thursday. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10. The company has a market capitalization of $3.33 trillion, a PE ratio of 35.16, a P/E/G ratio of 2.44 and a beta of 1.18. The company has a 50 day moving average price of $231.03 and a 200-day moving average price of $233.35. 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 released its quarterly earnings data 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, equities analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The firm 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend 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.