YHB Investment Advisors Inc. cut its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 121,291 shares of the iPhone maker’s stock after selling 1,366 shares during the quarter. Apple makes up about 4.1% of YHB Investment Advisors Inc.’s holdings, making the stock its 2nd biggest position. YHB Investment Advisors Inc.’s holdings in Apple were worth $27,380,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of AAPL. Delphi Private Advisors LLC purchased a new stake in shares of Apple in the 2nd quarter worth about $120,000. Selective Wealth Management bought a new position in shares of Apple in the 3rd quarter worth about $194,000. Lawson Kroeker Investment Management Inc. NE bought a new position in shares of Apple in the 3rd quarter worth about $201,000. Leith Wheeler Investment Counsel Ltd. bought a new position in shares of Apple in the 3rd quarter worth about $201,000. Finally, Boston Standard Wealth Management LLC bought a new position in shares of Apple in the 3rd quarter worth about $204,000. 56.40% of the stock is currently owned by institutional investors.
In related news, Director Arthur D. Levinson sold 1,521 shares of the company’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $167.71, for a total value of $255,086.91. Following the completion of the sale, the director now directly owns 1,134,804 shares of the company’s stock, valued at $190,317,978.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.05% of the stock is currently owned by insiders.
Several research analysts recently issued reports on the stock. Guggenheim lowered shares of Apple from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 14th. Morgan Stanley restated an “overweight” rating and set a $253.00 price objective on shares of Apple in a research note on Thursday, November 15th. Wells Fargo & Co set a $210.00 price objective on shares of Apple and gave the company a “neutral” rating in a research note on Monday, November 19th. Robert W. Baird restated a “buy” rating and set a $230.00 price objective on shares of Apple in a research note on Monday, November 19th. Finally, Royal Bank of Canada restated a “buy” rating and set a $240.00 price objective on shares of Apple in a research note on Monday, November 19th. One analyst has rated the stock with a sell rating, twenty-three have given a hold rating and twenty-three have issued a buy rating to the company. Apple presently has an average rating of “Hold” and an average price target of $193.19.
AAPL traded up $2.02 during trading hours on Thursday, hitting $183.73. The company’s stock had a trading volume of 23,533,701 shares, compared to its average volume of 31,247,205. Apple Inc. has a 12 month low of $142.00 and a 12 month high of $233.47. The stock has a market capitalization of $889.20 billion, a PE ratio of 15.43, a P/E/G ratio of 1.85 and a beta of 1.13. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.25 and a current ratio of 1.30.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, January 29th. The iPhone maker reported $4.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.17 by $0.01. The business had revenue of $84.31 billion for the quarter, compared to analysts’ expectations of $84.07 billion. Apple had a net margin of 22.72% and a return on equity of 50.92%. As a group, research analysts forecast that Apple Inc. will post 11.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 14th. Stockholders of record on Monday, February 11th were paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Friday, February 8th. Apple’s dividend payout ratio is currently 24.52%.
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Apple Company Profile
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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