Apple Inc. (NASDAQ:AAPL) is Greenbrier Partners Capital Management LLC’s Largest Position

Greenbrier Partners Capital Management LLC lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 0.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,434,110 shares of the iPhone maker’s stock after selling 1,883 shares during the period. Apple makes up about 24.4% of Greenbrier Partners Capital Management LLC’s holdings, making the stock its biggest position. Greenbrier Partners Capital Management LLC’s holdings in Apple were worth $321,570,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of AAPL. Bull Oak Capital LLC grew 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 in the last quarter. Hershey Financial Advisers LLC purchased a new position in Apple in the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc increased its holdings in shares of Apple by 88.9% in the 3rd 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 last quarter. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple during the 3rd quarter valued at $77,000. Finally, ARK Investment Management LLC bought a new stake in shares of Apple during the 3rd quarter worth $110,000. 67.73% of the stock is owned by institutional investors.

Apple Stock Up 0.3 %

Shares of NASDAQ:AAPL opened at $233.22 on Friday. 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 cap of $3.51 trillion, a price-to-earnings ratio of 37.02, a P/E/G ratio of 2.36 and a beta of 1.20. The company has a 50 day moving average of $241.49 and a 200-day moving average of $230.96. Apple Inc. has a one year low of $164.07 and a one year high of $260.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating 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%. On average, sell-side analysts forecast that Apple Inc. will post 7.33 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 10th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, February 10th. Apple’s dividend payout ratio is 15.87%.

Insider Buying and Selling at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AAPL. Wells Fargo & Company boosted their target price on Apple to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. The Goldman Sachs Group upped their price objective on shares of Apple from $280.00 to $294.00 and gave the company a “buy” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their price target on shares of Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Wedbush reaffirmed an “outperform” rating and set a $325.00 price objective on shares of Apple in a research note on Thursday, January 23rd. Finally, StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Four 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 company’s stock. Based on data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average price target of $242.52.

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.