Apple Inc. (NASDAQ:AAPL) Shares Sold by Capital Counsel LLC NY

Capital Counsel LLC NY cut its stake in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 1.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 81,228 shares of the iPhone maker’s stock after selling 1,330 shares during the period. Apple makes up approximately 0.7% of Capital Counsel LLC NY’s holdings, making the stock its 15th biggest holding. Capital Counsel LLC NY’s holdings in Apple were worth $11,226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AAPL. Wealthspire Advisors LLC increased its holdings in Apple by 42.8% during the 2nd quarter. Wealthspire Advisors LLC now owns 299,829 shares of the iPhone maker’s stock worth $40,993,000 after purchasing an additional 89,865 shares during the last quarter. Eagle Bay Advisors LLC increased its holdings in Apple by 35.7% during the 2nd quarter. Eagle Bay Advisors LLC now owns 25,608 shares of the iPhone maker’s stock worth $3,501,000 after purchasing an additional 6,735 shares during the last quarter. Callan Capital LLC increased its holdings in Apple by 1.6% during the 2nd quarter. Callan Capital LLC now owns 85,226 shares of the iPhone maker’s stock worth $11,652,000 after purchasing an additional 1,322 shares during the last quarter. Bennett Selby Investments LP increased its holdings in Apple by 0.3% during the 3rd quarter. Bennett Selby Investments LP now owns 151,793 shares of the iPhone maker’s stock worth $20,978,000 after purchasing an additional 450 shares during the last quarter. Finally, Acute Investment Advisory LLC increased its holdings in Apple by 212.0% during the 2nd quarter. Acute Investment Advisory LLC now owns 11,332 shares of the iPhone maker’s stock worth $1,549,000 after purchasing an additional 7,700 shares during the last quarter. 57.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of research analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a $195.00 price target on shares of Apple in a report on Thursday, March 2nd. Piper Sandler reiterated an “overweight” rating and issued a $195.00 price target on shares of Apple in a report on Friday, February 3rd. Barclays boosted their price target on Apple from $133.00 to $145.00 and gave the company an “equal weight” rating in a report on Friday, February 3rd. Evercore ISI reiterated an “outperform” rating and issued a $190.00 price target on shares of Apple in a report on Monday, February 6th. Finally, Cowen lowered their price target on Apple from $200.00 to $195.00 and set an “outperform” rating for the company in a report on Friday, February 3rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $168.24.

Apple Trading Up 1.3 %

Shares of Apple stock opened at $150.47 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 1.76. The firm has a market cap of $2.38 trillion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 1.97 and a beta of 1.30. The business has a fifty day simple moving average of $144.43 and a 200-day simple moving average of $145.41. Apple Inc. has a fifty-two week low of $124.17 and a fifty-two week 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 for the quarter, missing the consensus estimate of $1.93 by ($0.05). The firm had revenue of $117.15 billion during the quarter, compared to analyst estimates of $121.67 billion. Apple had a net margin of 24.56% and a return on equity of 163.45%. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.10 EPS. On average, equities analysts forecast that Apple Inc. will post 6.04 EPS for the current fiscal year.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 16th. Stockholders of record on Monday, February 13th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, February 10th. This is a positive change from Apple’s previous quarterly dividend of $0.17. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. Apple’s payout ratio is 15.62%.

About Apple

(Get Rating)

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.