Apple Inc. (NASDAQ:AAPL) is Atwater Malick LLC’s Largest Position

Atwater Malick LLC trimmed its position in Apple Inc. (NASDAQ:AAPL) by 0.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,378 shares of the iPhone maker’s stock after selling 150 shares during the period. Apple accounts for approximately 8.1% of Atwater Malick LLC’s investment portfolio, making the stock its biggest holding. Atwater Malick LLC’s holdings in Apple were worth $20,674,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. IFM Investors Pty Ltd increased its stake in shares of Apple by 20.0% in the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after purchasing an additional 435,891 shares in the last quarter. Ironwood Wealth Management LLC. increased its stake in shares of Apple by 0.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after purchasing an additional 1,040 shares in the last quarter. Markel Corp increased its stake in shares of Apple by 0.7% in the 1st quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock valued at $210,752,000 after purchasing an additional 8,450 shares in the last quarter. Camden Capital LLC increased its stake in shares of Apple by 9.2% in the 1st quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after purchasing an additional 13,200 shares in the last quarter. Finally, Harbor Island Capital LLC increased its stake in shares of Apple by 0.3% in the 1st quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after purchasing an additional 400 shares in the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Apple

In other news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the topic of several research analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $200.00 price objective on shares of Apple in a report on Friday, February 2nd. Redburn Atlantic cut Apple from a “buy” rating to a “neutral” rating and set a $200.00 price objective on the stock. in a report on Wednesday, January 10th. JPMorgan Chase & Co. lowered their price objective on Apple from $225.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, February 2nd. DA Davidson assumed coverage on Apple in a report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 target price on the stock. Finally, Monness Crespi & Hardt boosted their target price on Apple from $189.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.27.

Apple Price Performance

Shares of AAPL opened at $173.31 on Thursday. Apple Inc. has a fifty-two week low of $155.98 and a fifty-two week high of $199.62. The company has a market capitalization of $2.68 trillion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 2.06 and a beta of 1.29. The firm has a 50-day simple moving average of $181.68 and a 200-day simple moving average of $182.73. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. During the same period in the prior year, the company posted $1.88 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts anticipate that Apple Inc. will post 6.55 earnings per share for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a $0.24 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.55%. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Apple 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.