Apple Inc. (NASDAQ:AAPL) is Maiden Cove Capital LLC’s 4th Largest Position

Maiden Cove Capital LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,264 shares of the iPhone maker’s stock after selling 607 shares during the period. Apple accounts for approximately 4.6% of Maiden Cove Capital LLC’s portfolio, making the stock its 4th biggest position. Maiden Cove Capital LLC’s holdings in Apple were worth $2,570,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gardner Lewis Asset Management L P raised its position in Apple by 1.8% during the second quarter. Gardner Lewis Asset Management L P now owns 63,075 shares of the iPhone maker’s stock valued at $13,285,000 after acquiring an additional 1,120 shares in the last quarter. Paces Ferry Wealth Advisors LLC increased its stake in shares of Apple by 0.9% during the 2nd quarter. Paces Ferry Wealth Advisors LLC now owns 71,991 shares of the iPhone maker’s stock worth $15,163,000 after purchasing an additional 662 shares during the last quarter. Altrius Capital Management Inc raised its holdings in shares of Apple by 5.9% during the 2nd quarter. Altrius Capital Management Inc now owns 4,006 shares of the iPhone maker’s stock valued at $844,000 after purchasing an additional 223 shares in the last quarter. Soundwatch Capital LLC lifted its stake in shares of Apple by 169.1% in the 2nd quarter. Soundwatch Capital LLC now owns 5,810 shares of the iPhone maker’s stock valued at $1,224,000 after purchasing an additional 3,651 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc boosted its holdings in Apple by 1.0% in the second quarter. Glass Jacobson Investment Advisors llc now owns 19,508 shares of the iPhone maker’s stock worth $4,109,000 after purchasing an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of Apple 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 completion of the transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AAPL. Morgan Stanley set a $275.00 price target on Apple in a research report on Tuesday, February 11th. Redburn Partners set a $230.00 target price on Apple in a report on Friday, January 31st. UBS Group increased their price target on Apple to $236.00 and gave the company a “hold” rating in a report on Tuesday, February 25th. Bank of America lifted their price target on shares of Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Barclays raised their target price on shares of Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Four 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 company. Based on data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $243.88.

Apple Stock Down 0.2 %

AAPL opened at $235.33 on Friday. The firm has a market cap of $3.54 trillion, a price-to-earnings ratio of 37.35, a PEG ratio of 2.44 and a beta of 1.20. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm’s 50-day simple moving average is $237.89 and its 200-day simple moving average is $233.94. Apple Inc. has a twelve month low of $164.08 and a twelve month 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%. Equities research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

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

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.