Greenbrier Partners Capital Management LLC cut its stake in Apple Inc. (NASDAQ:AAPL – Free Report) by 0.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,434,110 shares of the iPhone maker’s stock after selling 1,883 shares during the quarter. Apple makes up about 24.4% of Greenbrier Partners Capital Management LLC’s portfolio, making the stock its largest position. Greenbrier Partners Capital Management LLC’s holdings in Apple were worth $321,570,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors boosted its stake in shares of Apple by 1.8% during the 3rd quarter. Captrust Financial Advisors now owns 4,934,005 shares of the iPhone maker’s stock valued at $1,149,623,000 after purchasing an additional 85,685 shares in the last quarter. Icon Wealth Advisors LLC boosted its position in shares of Apple by 1.9% during the third quarter. Icon Wealth Advisors LLC now owns 123,487 shares of the iPhone maker’s stock valued at $28,773,000 after purchasing an additional 2,333 shares in the last quarter. Centric Wealth Management grew its stake in Apple by 1.9% in the third quarter. Centric Wealth Management now owns 73,166 shares of the iPhone maker’s stock worth $16,296,000 after purchasing an additional 1,339 shares during the period. Peterson Wealth Management raised its holdings in Apple by 0.5% in the third quarter. Peterson Wealth Management now owns 24,013 shares of the iPhone maker’s stock worth $5,595,000 after purchasing an additional 121 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in Apple by 35.0% during the third quarter. Hantz Financial Services Inc. now owns 429,804 shares of the iPhone maker’s stock valued at $100,144,000 after buying an additional 111,358 shares during the period. Institutional investors own 67.73% of the company’s stock.
Apple Price Performance
NASDAQ:AAPL opened at $233.22 on Friday. The company has a market cap of $3.51 trillion, a P/E ratio of 37.02, a P/E/G ratio of 2.36 and a beta of 1.20. The firm’s fifty day moving average price is $241.49 and its two-hundred day moving average price is $230.96. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.
Apple (NASDAQ:AAPL – Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Equities analysts expect that Apple Inc. will post 7.33 earnings per share for the current year.
Apple Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 10th will be given a $0.25 dividend. The ex-dividend date is Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. Apple’s dividend payout ratio is currently 15.87%.
Insiders Place Their Bets
In other news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.
Analyst Ratings Changes
AAPL has been the topic of several recent analyst reports. KeyCorp reissued an “underweight” rating and set a $200.00 price objective on shares of Apple in a research report on Friday, January 31st. TD Cowen reaffirmed a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Needham & Company LLC reissued a “buy” rating and issued a $260.00 target price on shares of Apple in a report on Friday, January 31st. Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and set a $230.00 price target on the stock. in a report on Tuesday, January 21st. Finally, Wedbush reissued an “outperform” rating and issued a $325.00 target price on shares of Apple in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $242.52.
Check Out Our Latest Report on AAPL
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.
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