Stolper Co Reduces Holdings in Apple Inc. (NASDAQ:AAPL)

Stolper Co Reduces Holdings in Apple Inc. (NASDAQ:AAPL)


Stolper Co lowered its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,889 shares of the iPhone maker’s stock after selling 266 shares during the quarter. Apple comprises 5.3% of Stolper Co’s holdings, making the stock its 2nd largest holding. Stolper Co’s holdings in Apple were worth $13,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Keating Wealth Management LLC bought a new stake in Apple during the fourth quarter valued at about $3,113,000. Klein Pavlis & Peasley Financial Inc. acquired a new stake in Apple in the fourth quarter worth about $894,000. Dixon Fnancial Services Inc. boosted its holdings in Apple by 3.0% in the fourth quarter. Dixon Fnancial Services Inc. now owns 16,961 shares of the iPhone maker’s stock worth $3,265,000 after acquiring an additional 495 shares in the last quarter. Greenspring Advisors LLC boosted its holdings in Apple by 2.8% in the fourth quarter. Greenspring Advisors LLC now owns 35,612 shares of the iPhone maker’s stock worth $6,856,000 after acquiring an additional 955 shares in the last quarter. Finally, Everhart Financial Group Inc. boosted its holdings in Apple by 6.5% in the fourth quarter. Everhart Financial Group Inc. now owns 65,034 shares of the iPhone maker’s stock worth $12,521,000 after acquiring an additional 3,990 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on Apple from $225.00 to $215.00 and set an “overweight” rating for the company in a report on Friday, February 2nd. UBS Group reaffirmed a “hold” rating and set a $190.00 target price on shares of Apple in a report on Monday, March 25th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $189.00 target price on shares of Apple in a report on Tuesday, March 5th. The Goldman Sachs Group lifted their target price on Apple from $223.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $250.00 target price on shares of Apple in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $204.23.

Read Our Latest Analysis on AAPL

Apple Stock Down 0.7 %

Shares of AAPL opened at $168.84 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a one year low of $159.78 and a one year high of $199.62. The stock has a market capitalization of $2.61 trillion, a price-to-earnings ratio of 26.30, a PEG ratio of 2.07 and a beta of 1.27. The stock has a 50 day moving average price of $180.27 and a 200 day moving average price of $182.59.

Apple (NASDAQ:AAPL – Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping the consensus estimate of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The firm had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. During the same period in the previous year, the business earned $1.88 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts forecast that Apple Inc. will post 6.55 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s payout ratio is 14.95%.

Insider Buying and Selling

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is owned by company insiders.

Apple Company Profile

(Free Report)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

See Also

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL – Free Report).

SECFilingChart - Stolper Co Reduces Holdings in Apple Inc. (NASDAQ:AAPL)



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