Asset Management Advisors LLC Sells 6,575 Shares of Apple Inc. (NASDAQ:AAPL)

Asset Management Advisors LLC lessened its stake in Apple Inc. (NASDAQ:AAPL) by 16.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,875 shares of the iPhone maker’s stock after selling 6,575 shares during the quarter. Apple accounts for about 6.2% of Asset Management Advisors LLC’s investment portfolio, making the stock its 4th biggest holding. Asset Management Advisors LLC’s holdings in Apple were worth $8,483,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Drystone LLC bought a new stake in Apple in the 4th quarter valued at approximately $25,000. Bull Oak Capital LLC raised its holdings 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 purchasing an additional 111 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new stake in shares of Apple in the third quarter worth $71,000. Teachers Insurance & Annuity Association of America acquired a new position in Apple during the third quarter worth $77,000. Finally, ARK Investment Management LLC bought a new position in Apple in the third quarter valued at $110,000. Institutional investors own 67.73% of the company’s stock.

Apple Stock Up 0.5 %

Shares of AAPL opened at $223.19 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The firm’s 50 day moving average is $230.55 and its 200-day moving average is $233.43. The stock has a market capitalization of $3.35 trillion, a PE ratio of 35.43, a P/E/G ratio of 2.44 and a beta of 1.18.

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

Apple Announces Dividend

The business also recently declared 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 0.45%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Analyst Ratings Changes

Several equities research analysts have commented on AAPL shares. Monness Crespi & Hardt boosted their price target on shares of Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. UBS Group upped their target price on Apple to $236.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Wells Fargo & Company increased their price target on Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Apple in a research report on Wednesday, February 19th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $260.00 price objective on shares of Apple in a report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $245.52.

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.