Apple Inc. (NASDAQ:AAPL) Shares Sold by Weaver Consulting Group

Weaver Consulting Group trimmed its position in Apple Inc. (NASDAQ:AAPL – Get Rating) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,970 shares of the iPhone maker’s stock after selling 691 shares during the quarter. Apple makes up approximately 2.3% of Weaver Consulting Group’s portfolio, making the stock its 8th largest position. Weaver Consulting Group’s holdings in Apple were worth $4,544,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Robinson Value Management Ltd. acquired a new position in shares of Apple in the third quarter worth about $28,000. Hanseatic Management Services Inc. boosted its holdings in shares of Apple by 75.4% in the third quarter. Hanseatic Management Services Inc. now owns 249 shares of the iPhone maker’s stock worth $34,000 after buying an additional 107 shares during the period. Cheyne Capital Management UK LLP boosted its holdings in shares of Apple by 200.0% in the third quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock worth $293,000 after buying an additional 550 shares during the period. Ramsey Quantitative Systems purchased a new stake in shares of Apple in the second quarter worth approximately $55,000. Finally, Morgan Dempsey Capital Management LLC purchased a new stake in shares of Apple in the third quarter worth approximately $55,000. 57.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. National Bank Financial reduced their price target on shares of Apple to $54.00 and set an “outperform” rating for the company in a research report on Friday, January 20th. Raymond James reduced their price target on shares of Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, February 3rd. Evercore ISI reissued an “outperform” rating and issued a $190.00 price target on shares of Apple in a research report on Monday, February 6th. BNP Paribas lowered shares of Apple from an “outperform” rating to a “neutral” rating and set a $140.00 price target for the company. in a research report on Tuesday, January 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $170.00 price target on shares of Apple in a research report on Friday, March 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average price target of $168.24.

Apple Trading Down 0.5 %

Shares of Apple stock opened at $155.00 on Friday. The company’s fifty day simple moving average is $146.64 and its 200-day simple moving average is $145.32. The company has a market cap of $2.45 trillion, a price-to-earnings ratio of 26.32, a PEG ratio of 2.03 and a beta of 1.30. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 1.76. Apple Inc. has a 1 year low of $124.17 and a 1 year high of $179.61.

Apple (NASDAQ:AAPL – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.05). The company had revenue of $117.15 billion during the quarter, compared to analyst estimates of $121.67 billion. Apple had a return on equity of 163.45% and a net margin of 24.56%. The company’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.10 EPS. As a group, sell-side analysts expect that Apple Inc. will post 6.04 EPS for the current year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 16th. Stockholders of record on Monday, February 13th were paid a $0.23 dividend. This is an increase from Apple’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.59%. Apple’s dividend payout ratio (DPR) is presently 15.62%.

Apple Company Profile

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Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.