Apple Inc. (NASDAQ:AAPL) Shares Sold by Fourpath Capital Management LLC

Fourpath Capital Management LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,754 shares of the iPhone maker’s stock after selling 448 shares during the period. Apple comprises 2.5% of Fourpath Capital Management LLC’s investment portfolio, making the stock its 7th largest position. Fourpath Capital Management LLC’s holdings in Apple were worth $13,712,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. AMF Tjanstepension AB lifted its position in Apple by 21.1% during the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock worth $787,631,000 after acquiring an additional 588,427 shares in the last quarter. Crestmont Private Wealth LLC lifted its position in shares of Apple by 4.8% during the third quarter. Crestmont Private Wealth LLC now owns 3,166 shares of the iPhone maker’s stock worth $738,000 after purchasing an additional 145 shares in the last quarter. McCarthy & Cox boosted its stake in shares of Apple by 3.9% in the third quarter. McCarthy & Cox now owns 1,767 shares of the iPhone maker’s stock valued at $412,000 after purchasing an additional 66 shares during the period. Guardian Investment Management grew its holdings in Apple by 7.2% during the 3rd quarter. Guardian Investment Management now owns 98,729 shares of the iPhone maker’s stock valued at $23,004,000 after purchasing an additional 6,647 shares in the last quarter. Finally, Bright Financial Advisors Inc. lifted its holdings in Apple by 1.0% in the 3rd quarter. Bright Financial Advisors Inc. now owns 16,767 shares of the iPhone maker’s stock worth $3,907,000 after buying an additional 163 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Performance

NASDAQ:AAPL opened at $223.19 on Wednesday. The company has a 50-day moving average of $230.55 and a 200-day moving average of $233.43. The firm has a market cap of $3.35 trillion, a price-to-earnings ratio of 35.43, 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 twelve month low of $164.08 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping 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%. Analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio is 15.87%.

Wall Street Analyst Weigh In

AAPL has been the subject of several recent analyst reports. Evercore ISI raised their target price on Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. Morgan Stanley dropped their price objective on Apple from $275.00 to $252.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Wells Fargo & Company raised their price target on shares of Apple to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 price target on shares of Apple in a report on Friday, January 31st. Finally, Redburn Partners set a $230.00 price objective on shares of Apple in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $245.52.

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.