Stillwater Capital Advisors LLC Sells 1,491 Shares of Apple Inc. (NASDAQ:AAPL)

Stillwater Capital Advisors LLC reduced its position in Apple Inc. (NASDAQ:AAPL) by 0.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 251,690 shares of the iPhone maker’s stock after selling 1,491 shares during the quarter. Apple comprises about 7.8% of Stillwater Capital Advisors LLC’s holdings, making the stock its 3rd largest position. Stillwater Capital Advisors LLC’s holdings in Apple were worth $63,028,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC grew its stake in shares of Apple by 20,372.7% during the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after purchasing an additional 93,886,664 shares during the period. State Street Corp boosted its position in shares of Apple by 10.6% in the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after buying an additional 55,935,105 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Apple by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock valued at $77,542,863,000 after purchasing an additional 20,483,787 shares in the last quarter. FMR LLC lifted its holdings in Apple by 5.3% in the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after purchasing an additional 18,224,005 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Apple by 6.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock worth $22,121,656,000 after buying an additional 5,893,741 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on AAPL. The Goldman Sachs Group reissued a “buy” rating on shares of Apple in a research report on Wednesday, February 19th. Rosenblatt Securities reissued a “buy” rating and set a $262.00 price target on shares of Apple in a research report on Monday, January 27th. Needham & Company LLC reissued a “buy” rating and set a $260.00 price target on shares of Apple in a research report on Friday, January 31st. Evercore ISI boosted their target price on shares of Apple to $260.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Finally, Sanford C. Bernstein boosted their target price on shares of Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.88.

Apple Stock Down 0.1 %

AAPL stock opened at $235.74 on Thursday. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The firm has a market cap of $3.54 trillion, a PE ratio of 37.42, a P/E/G ratio of 2.44 and a beta of 1.20. The firm has a 50 day simple moving average of $238.36 and a 200 day simple moving average of $233.93. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

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

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is 15.87%.

Insiders Place Their Bets

In other news, COO Jeffrey E. Williams sold 100,000 shares of the firm’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 transaction, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.06% of the company’s stock.

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.