Dumont & Blake Investment Advisors LLC Sells 383 Shares of Apple Inc. (NASDAQ:AAPL)

Dumont & Blake Investment Advisors LLC trimmed its position in Apple Inc. (NASDAQ:AAPL) by 0.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,219 shares of the iPhone maker’s stock after selling 383 shares during the period. Apple accounts for about 4.7% of Dumont & Blake Investment Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. Dumont & Blake Investment Advisors LLC’s holdings in Apple were worth $17,584,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wedbush reiterated an “outperform” rating and issued a $325.00 price objective on shares of Apple in a research report on Friday, March 14th. Needham & Company LLC reiterated a “buy” rating and set a $260.00 price objective on shares of Apple in a research report on Friday, January 31st. Oppenheimer lowered Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Raymond James lifted their target price on Apple to $250.00 and gave the company a “buy” rating in a research note on Monday, January 20th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Apple in a research note 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 assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $243.65.

Apple Price Performance

Shares of Apple stock opened at $221.53 on Thursday. The firm has a market capitalization of $3.33 trillion, a PE ratio of 35.16, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. 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 Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The business’s 50-day moving average price is $231.03 and its 200-day moving average price is $233.35.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Sell-side analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is currently 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.