Congress Park Capital LLC cut its stake in Apple Inc. (NASDAQ:AAPL) by 13.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,324 shares of the iPhone maker’s stock after selling 2,172 shares during the period. Apple comprises about 3.1% of Congress Park Capital LLC’s holdings, making the stock its 8th largest holding. Congress Park Capital LLC’s holdings in Apple were worth $4,206,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the stock. Sage Financial Group Inc. purchased a new stake in Apple during the 4th quarter worth about $36,000. CXI Advisors purchased a new stake in Apple during the 4th quarter worth about $68,000. Kahn Brothers Group Inc. DE purchased a new stake in Apple during the 3rd quarter worth about $112,000. Fulcrum Equity Management purchased a new stake in Apple during the 3rd quarter worth about $135,000. Finally, Avondale Wealth Management lifted its holdings in Apple by 68.0% during the 4th quarter. Avondale Wealth Management now owns 531 shares of the iPhone maker’s stock worth $156,000 after buying an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 60.28% of the company’s stock.
In related news, Director Arthur D. Levinson sold 1,429 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $304.11, for a total value of $434,573.19. Following the sale, the director now owns 1,134,712 shares of the company’s stock, valued at approximately $345,077,266.32. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.05% of the stock is currently owned by corporate insiders.
A number of analysts have issued reports on AAPL shares. Nomura lifted their price target on Apple from $280.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Argus reiterated a “buy” rating and set a $350.00 target price (up previously from $300.00) on shares of Apple in a research report on Friday, January 10th. Tigress Financial reiterated a “buy” rating on shares of Apple in a research report on Monday, December 30th. DA Davidson lifted their target price on Apple from $375.00 to $385.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Finally, Deutsche Bank reiterated a “neutral” rating and set a $305.00 target price on shares of Apple in a research report on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. Apple presently has a consensus rating of “Buy” and a consensus target price of $314.55.
AAPL stock opened at $324.87 on Friday. Apple Inc. has a 1 year low of $169.38 and a 1 year high of $327.85. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.56 and a current ratio of 1.60. The stock’s 50 day moving average price is $310.05 and its 200 day moving average price is $254.32. The firm has a market cap of $1,425.66 billion, a P/E ratio of 25.66, a PEG ratio of 2.23 and a beta of 1.29.
Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, January 28th. The iPhone maker reported $4.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.54 by $0.45. Apple had a return on equity of 60.19% and a net margin of 21.49%. The firm had revenue of $91.80 billion for the quarter, compared to analyst estimates of $88.41 billion. During the same quarter in the prior year, the company earned $4.18 EPS. Apple’s revenue was up 8.9% on a year-over-year basis. On average, research analysts predict that Apple Inc. will post 13.75 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Friday, February 7th. Apple’s payout ratio is currently 25.90%.
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.
Featured Story: What are gap-down stocks?
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.