Apple Inc. (NASDAQ:AAPL) is Commons Capital LLC’s 2nd Largest Position

Commons Capital LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 39,483 shares of the iPhone maker’s stock after selling 75 shares during the period. Apple makes up approximately 8.9% of Commons Capital LLC’s holdings, making the stock its 2nd largest position. Commons Capital LLC’s holdings in Apple were worth $9,887,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bull Oak Capital LLC raised its holdings in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares during the last quarter. Hershey Financial Advisers LLC purchased a new position in Apple in the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc raised its holdings in Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new position in Apple in the 3rd quarter worth approximately $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new position in Apple in the 3rd quarter worth approximately $77,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Down 2.9 %

Shares of AAPL stock opened at $220.84 on Wednesday. The stock has a market cap of $3.32 trillion, a P/E ratio of 35.05, a PEG ratio of 2.44 and a beta of 1.18. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The company’s fifty day simple moving average is $236.47 and its two-hundred day simple moving average is $234.12.

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

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is currently 15.87%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Rosenblatt Securities restated a “buy” rating and issued a $262.00 price objective on shares of Apple in a report on Monday, January 27th. TD Cowen restated a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Wells Fargo & Company boosted their price objective on shares of Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Argus raised shares of Apple to a “strong-buy” rating in a research report on Friday, January 31st. Finally, Moffett Nathanson reaffirmed a “sell” rating and issued a $188.00 target price (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Four research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $243.88.

Insiders Place Their Bets

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction 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 sale, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.06% of the company’s stock.

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.