Kades & Cheifetz LLC Reduces Holdings in Apple Inc. (NASDAQ:AAPL)

Kades & Cheifetz LLC reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,373 shares of the iPhone maker’s stock after selling 5,455 shares during the quarter. Apple accounts for approximately 4.3% of Kades & Cheifetz LLC’s investment portfolio, making the stock its 5th biggest holding. Kades & Cheifetz LLC’s holdings in Apple were worth $8,357,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AAPL. Bull Oak Capital LLC grew its stake in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. Hershey Financial Advisers LLC acquired a new stake in shares of Apple in the 2nd quarter valued at approximately $42,000. SPX Gestao de Recursos Ltda bought a new position in Apple during the 3rd quarter worth approximately $71,000. Christopher J. Hasenberg Inc raised its holdings in Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares during the last quarter. Finally, Teachers Insurance & Annuity Association of America bought a new position in Apple during the 3rd quarter worth approximately $77,000. 67.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is owned by company insiders.

Apple Stock Down 0.1 %

AAPL stock opened at $245.55 on Friday. 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 company’s 50 day moving average is $240.47 and its 200 day moving average is $232.55. The stock has a market cap of $3.69 trillion, a price-to-earnings ratio of 38.98, a price-to-earnings-growth ratio of 2.43 and a beta of 1.20. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10.

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

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio (DPR) is 15.87%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AAPL. Oppenheimer lowered shares of Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Evercore ISI raised their price objective on shares of Apple to $260.00 and gave the stock a “buy” rating in a research report on Thursday. UBS Group reaffirmed a “neutral” rating and set a $236.00 price objective on shares of Apple in a research report on Monday, December 2nd. Argus raised shares of Apple to a “strong-buy” rating in a research report on Friday, January 31st. Finally, TD Cowen reissued a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $242.52.

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.