Apple Inc. (NASDAQ:AAPL) is Hallmark Capital Management Inc.’s Largest Position

Hallmark Capital Management Inc. lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 120,957 shares of the iPhone maker’s stock after selling 9,674 shares during the quarter. Apple comprises approximately 3.6% of Hallmark Capital Management Inc.’s portfolio, making the stock its biggest position. Hallmark Capital Management Inc.’s holdings in Apple were worth $35,519,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Private Wealth Advisors LLC lifted its position in Apple by 0.7% during the fourth quarter. Private Wealth Advisors LLC now owns 6,764 shares of the iPhone maker’s stock valued at $1,067,000 after buying an additional 46 shares during the period. GWM Advisors LLC lifted its position in Apple by 3.6% during the fourth quarter. GWM Advisors LLC now owns 152,157 shares of the iPhone maker’s stock valued at $44,681,000 after buying an additional 5,342 shares during the period. Valmark Advisers Inc. increased its holdings in shares of Apple by 3.7% during the fourth quarter. Valmark Advisers Inc. now owns 25,103 shares of the iPhone maker’s stock valued at $7,371,000 after acquiring an additional 896 shares in the last quarter. Savant Capital LLC increased its holdings in shares of Apple by 3.0% during the fourth quarter. Savant Capital LLC now owns 52,394 shares of the iPhone maker’s stock valued at $15,386,000 after acquiring an additional 1,532 shares in the last quarter. Finally, Nottingham Advisors Inc. increased its holdings in shares of Apple by 26.5% during the fourth quarter. Nottingham Advisors Inc. now owns 5,199 shares of the iPhone maker’s stock valued at $1,527,000 after acquiring an additional 1,090 shares in the last quarter. 60.28% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on AAPL shares. Goldman Sachs Group raised their price target on Apple from $192.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Cascend Securities raised their price target on Apple from $350.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Barclays raised their price target on Apple from $224.00 to $236.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Wedbush restated a “buy” rating and set a $400.00 price target on shares of Apple in a report on Monday. Finally, BidaskClub downgraded Apple from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 4th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $314.55.

NASDAQ AAPL opened at $324.87 on Friday. The stock’s 50 day moving average is $310.05 and its 200 day moving average is $254.32. The company has a current ratio of 1.60, a quick ratio of 1.56 and a debt-to-equity ratio of 1.04. Apple Inc. has a 12 month low of $169.38 and a 12 month high of $327.85. The stock has a market cap of $1,425.66 billion, a PE ratio of 25.66, a P/E/G ratio of 2.23 and a beta of 1.29.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, January 28th. The iPhone maker reported $4.99 EPS for the quarter, topping the Zacks’ consensus estimate of $4.54 by $0.45. Apple had a return on equity of 60.19% and a net margin of 21.49%. The company had revenue of $91.80 billion for the quarter, compared to analysts’ expectations of $88.41 billion. During the same period in the previous year, the firm earned $4.18 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. On average, analysts forecast that Apple Inc. will post 13.75 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.77 dividend. The ex-dividend date was Friday, February 7th. This represents a $3.08 dividend on an annualized basis and a yield of 0.95%. Apple’s dividend payout ratio is presently 25.90%.

In other Apple news, Director Arthur D. Levinson sold 1,429 shares of Apple 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 accessible through this hyperlink. 0.05% of the stock is currently owned by insiders.

About Apple

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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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