Cedar Capital LLC cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 17.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,919 shares of the iPhone maker’s stock after selling 827 shares during the period. Cedar Capital LLC’s holdings in Apple were worth $604,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Stone House Investment Management LLC grew its holdings in shares of Apple by 0.4% during the second quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock worth $226,000 after purchasing an additional 6 shares in the last quarter. Jackson Grant Investment Advisers Inc. grew its holdings in shares of Apple by 0.3% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock worth $782,000 after purchasing an additional 17 shares in the last quarter. Karp Capital Management Corp grew its holdings in shares of Apple by 1.6% during the second quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock worth $206,000 after purchasing an additional 22 shares in the last quarter. Welch Investments LLC grew its holdings in shares of Apple by 1.5% during the second quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock worth $231,000 after purchasing an additional 23 shares in the last quarter. Finally, Berkeley Capital Partners LLC grew its holdings in shares of Apple by 0.6% during the second quarter. Berkeley Capital Partners LLC now owns 4,369 shares of the iPhone maker’s stock worth $629,000 after purchasing an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 60.18% of the company’s stock.
Apple Inc. (AAPL) opened at $172.43 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. The company has a market capitalization of $877,753.56, a P/E ratio of 17.72, a P/E/G ratio of 1.30 and a beta of 1.31. Apple Inc. has a twelve month low of $134.84 and a twelve month high of $180.10.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.46%. Apple’s dividend payout ratio is presently 25.90%.
Several brokerages have recently commented on AAPL. Raymond James Financial reissued a “market perform” rating on shares of Apple in a report on Friday. BidaskClub raised Apple from a “sell” rating to a “hold” rating in a report on Saturday. BMO Capital Markets lowered Apple from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $162.00 to $166.00 in a report on Wednesday, January 31st. William Blair reissued an “outperform” rating on shares of Apple in a report on Friday, February 2nd. Finally, Bank of America reissued an “outperform” rating and set a $220.00 price objective on shares of Apple in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $201.64.
In related news, insider Eduardo H. Cue sold 65,361 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total transaction of $11,215,947.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $169.69, for a total value of $2,654,121.29. Following the transaction, the insider now owns 17,341 shares of the company’s stock, valued at approximately $2,942,594.29. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 112,771 shares of company stock valued at $19,419,429. 0.08% of the stock is owned by corporate insiders.
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Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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