Apple Inc. (NASDAQ:AAPL) Stock Holdings Trimmed by Michael S. Ryan Inc.

Michael S. Ryan Inc. lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 4.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,719 shares of the iPhone maker’s stock after selling 203 shares during the quarter. Apple comprises approximately 0.8% of Michael S. Ryan Inc.’s holdings, making the stock its 20th largest position. Michael S. Ryan Inc.’s holdings in Apple were worth $1,182,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bull Oak Capital LLC boosted its stake in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after purchasing an additional 111 shares in the last quarter. Hershey Financial Advisers LLC acquired a new stake in shares of Apple in the second quarter valued at $42,000. Christopher J. Hasenberg Inc boosted its stake in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after buying an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new position in Apple during the third quarter worth about $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new stake in Apple in the third quarter worth about $77,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AAPL shares. Sanford C. Bernstein raised their price objective on shares of Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Wedbush restated an “outperform” rating and issued a $325.00 price target on shares of Apple in a research report on Thursday, January 23rd. Raymond James upped their price target on Apple to $250.00 and gave the company a “buy” rating in a report on Monday, January 20th. Wells Fargo & Company lifted their target price on Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Argus raised Apple to a “strong-buy” rating in a research report on Friday, January 31st. Four research 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average price target of $242.52.

Apple Trading Down 0.1 %

Shares of NASDAQ:AAPL opened at $244.47 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $3.67 trillion, a PE ratio of 38.80, a P/E/G ratio of 2.32 and a beta of 1.20. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The firm has a fifty day moving average price of $240.66 and a 200 day moving average price of $231.94.

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

Apple Dividend Announcement

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 0.41%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is 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.