Gleason Group Inc. Has $765,000 Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Gleason Group Inc. lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 20.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,054 shares of the iPhone maker’s stock after selling 776 shares during the quarter. Gleason Group Inc.’s holdings in Apple were worth $765,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Valliance Asset Management Ltd bought a new stake in shares of Apple during the 2nd quarter worth approximately $5,266,000. Vista Finance LLC increased its holdings in Apple by 2.3% during the second quarter. Vista Finance LLC now owns 5,772 shares of the iPhone maker’s stock worth $1,216,000 after buying an additional 130 shares during the last quarter. Wedbush Securities Inc. raised its position in Apple by 0.5% during the second quarter. Wedbush Securities Inc. now owns 1,044,851 shares of the iPhone maker’s stock worth $220,067,000 after acquiring an additional 5,451 shares in the last quarter. Choreo LLC raised its holdings in shares of Apple by 90.7% in the 2nd quarter. Choreo LLC now owns 869,690 shares of the iPhone maker’s stock valued at $188,134,000 after purchasing an additional 413,678 shares during the period. Finally, Liberty Wealth Management LLC raised its stake in Apple by 70.5% in the second quarter. Liberty Wealth Management LLC now owns 181,551 shares of the iPhone maker’s stock valued at $38,238,000 after buying an additional 75,072 shares during the period. 67.73% of the stock is owned by institutional investors.

Apple Stock Down 0.1 %

Shares of NASDAQ:AAPL opened at $245.55 on Monday. 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 $3.69 trillion, a P/E ratio of 38.98, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The stock’s 50-day moving average price is $240.47 and its 200-day moving average price is $232.88.

Apple (NASDAQ:AAPL) last posted its 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%. On average, equities analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

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

Insider Buying and Selling

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.06% of the stock is owned by insiders.

Analysts Set New Price Targets

AAPL has been the topic of several research analyst reports. Redburn Partners set a $230.00 price objective on Apple in a research note on Friday, January 31st. Evercore ISI upped their price objective on Apple to $260.00 and gave the company a “buy” rating in a research note on Thursday. Bank of America increased their target price on Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a research note on Wednesday. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Apple in a research note on Wednesday. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $244.85.

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.