Skylands Capital LLC cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 8.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 295,700 shares of the iPhone maker’s stock after selling 28,175 shares during the period. Apple comprises approximately 8.6% of Skylands Capital LLC’s investment portfolio, making the stock its 2nd biggest position. Skylands Capital LLC’s holdings in Apple were worth $66,751,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Gibraltar Capital Management Inc. increased its stake in Apple by 0.4% in the 3rd quarter. Gibraltar Capital Management Inc. now owns 59,517 shares of the iPhone maker’s stock valued at $13,435,000 after buying an additional 235 shares during the last quarter. Capital Investment Services of America Inc. increased its stake in Apple by 10.0% in the 3rd quarter. Capital Investment Services of America Inc. now owns 2,703 shares of the iPhone maker’s stock valued at $610,000 after buying an additional 245 shares during the last quarter. Anderson Hoagland & Co. increased its stake in shares of Apple by 1.3% during the 3rd quarter. Anderson Hoagland & Co. now owns 19,900 shares of the iPhone maker’s stock worth $4,551,000 after purchasing an additional 250 shares during the last quarter. MinichMacGregor Wealth Management LLC increased its stake in shares of Apple by 13.5% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 2,168 shares of the iPhone maker’s stock worth $492,000 after purchasing an additional 258 shares during the last quarter. Finally, Investment Partners LTD. increased its stake in shares of Apple by 4.9% during the 2nd quarter. Investment Partners LTD. now owns 5,594 shares of the iPhone maker’s stock worth $1,036,000 after purchasing an additional 263 shares during the last quarter. Institutional investors and hedge funds own 57.00% of the company’s stock.
Several equities research analysts have recently issued reports on AAPL shares. DA Davidson decreased their price target on shares of Apple to $260.00 and set a “buy” rating for the company in a research note on Thursday, January 3rd. UBS Group set a $185.00 price objective on shares of Apple and gave the company a “buy” rating in a research note on Monday, January 28th. Robert W. Baird cut their price target on shares of Apple from $230.00 to $185.00 and set an “outperform” rating for the company in a report on Thursday, January 3rd. Citigroup cut their price target on shares of Apple from $265.00 to $240.00 and set a “buy” rating for the company in a report on Friday, November 2nd. Finally, ValuEngine downgraded shares of Apple from a “hold” rating to a “sell” rating in a report on Friday, January 4th. One investment analyst has rated the stock with a sell rating, twenty-four have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. Apple has an average rating of “Hold” and a consensus target price of $191.66.
In other news, insider Chris Kondo sold 3,408 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $190.00, for a total value of $647,520.00. Following the completion of the sale, the insider now owns 8,940 shares in the company, valued at approximately $1,698,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arthur D. Levinson sold 1,521 shares of the firm’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $167.71, for a total transaction of $255,086.91. Following the completion of the sale, the director now owns 1,134,804 shares of the company’s stock, valued at approximately $190,317,978.84. The disclosure for this sale can be found here. 0.05% of the stock is owned by company insiders.
Shares of NASDAQ:AAPL opened at $170.41 on Monday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.25. Apple Inc. has a fifty-two week low of $142.00 and a fifty-two week high of $233.47. The firm has a market cap of $837.59 billion, a P/E ratio of 14.31, a P/E/G ratio of 1.75 and a beta of 1.13.
Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, January 29th. The iPhone maker reported $4.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.17 by $0.01. Apple had a net margin of 22.72% and a return on equity of 50.92%. The firm had revenue of $84.31 billion during the quarter, compared to analyst estimates of $84.07 billion. Research analysts anticipate that Apple Inc. will post 11.39 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 14th. Shareholders of record on Monday, February 11th will be given a dividend of $0.73 per share. The ex-dividend date is Friday, February 8th. This represents a $2.92 annualized dividend and a yield of 1.71%. Apple’s dividend payout ratio (DPR) is currently 24.52%.
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Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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