Apple Inc. $AAPL Shares Sold by Skyline Advisors Inc.

Skyline Advisors Inc. lowered its stake in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 14.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,613 shares of the iPhone maker’s stock after selling 2,233 shares during the quarter. Apple accounts for about 1.2% of Skyline Advisors Inc.’s portfolio, making the stock its 15th largest position. Skyline Advisors Inc.’s holdings in Apple were worth $3,701,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AAPL. Sellwood Investment Partners LLC raised its position in Apple by 110.9% in the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock valued at $34,000 after purchasing an additional 71 shares in the last quarter. ROSS JOHNSON & Associates LLC grew its position in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after buying an additional 180 shares in the last quarter. LSV Asset Management purchased a new stake in shares of Apple during the fourth quarter worth approximately $65,000. HFM Investment Advisors LLC purchased a new stake in shares of Apple during the first quarter worth approximately $99,000. Finally, Miller Global Investments LLC acquired a new stake in Apple in the fourth quarter valued at approximately $127,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

More Apple News

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Apple Stock Up 0.7%

AAPL stock opened at $255.63 on Thursday. The stock has a market cap of $3.75 trillion, a P/E ratio of 32.32, a PEG ratio of 2.41 and a beta of 1.11. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.87. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $288.62. The company’s 50 day moving average is $260.36 and its two-hundred day moving average is $263.13.

Apple (NASDAQ:AAPLGet Free Report) last issued its earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $0.17. The business had revenue of $143.76 billion during the quarter, compared to analysts’ expectations of $138.25 billion. Apple had a net margin of 27.04% and a return on equity of 159.94%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.40 EPS. Research analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, February 9th. Apple’s dividend payout ratio is currently 13.15%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Apple from $315.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Stephens set a $315.00 price objective on shares of Apple in a report on Monday, January 26th. Scotiabank set a $330.00 price objective on shares of Apple in a research report on Monday, February 2nd. DA Davidson reiterated a “neutral” rating and set a $270.00 target price on shares of Apple in a research note on Friday, January 30th. Finally, UBS Group reissued a “neutral” rating on shares of Apple in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $297.58.

Read Our Latest Research Report on Apple

Apple Profile

(Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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