Chilton Capital Management LLC cut its position in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 452,775 shares of the iPhone maker’s stock after selling 7,466 shares during the quarter. Apple accounts for 4.2% of Chilton Capital Management LLC’s portfolio, making the stock its 2nd biggest holding. Chilton Capital Management LLC’s holdings in Apple were worth $62,574,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. IFM Investors Pty Ltd boosted its position in Apple by 20.0% in the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after buying an additional 435,891 shares in the last quarter. Ironwood Wealth Management LLC. grew its position in Apple by 0.4% during the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock worth $42,016,000 after acquiring an additional 1,040 shares during the last quarter. Markel Corp increased its holdings in Apple by 0.7% during the 1st quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock valued at $210,752,000 after purchasing an additional 8,450 shares in the last quarter. Camden Capital LLC raised its position in Apple by 9.2% in the 1st quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after purchasing an additional 13,200 shares during the last quarter. Finally, Harbor Island Capital LLC increased its stake in shares of Apple by 0.3% in the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 57.60% of the company’s stock.
Apple Stock Up 1.3 %
AAPL opened at $150.47 on Tuesday. The stock has a fifty day moving average of $144.43 and a 200-day moving average of $145.41. The company has a market capitalization of $2.38 trillion, a P/E ratio of 25.55, a P/E/G ratio of 1.97 and a beta of 1.30. Apple Inc. has a fifty-two week low of $124.17 and a fifty-two week high of $179.61. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.89 and a current ratio of 0.94.
Apple Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, February 16th. Stockholders of record on Monday, February 13th were given a $0.23 dividend. The ex-dividend date was Friday, February 10th. This is a boost from Apple’s previous quarterly dividend of $0.17. This represents a $0.92 annualized dividend and a dividend yield of 0.61%. Apple’s payout ratio is presently 15.62%.
Analyst Ratings Changes
A number of brokerages have commented on AAPL. National Bank Financial decreased their price objective on shares of Apple to $54.00 and set an “outperform” rating on the stock in a report on Friday, January 20th. BNP Paribas cut shares of Apple from an “outperform” rating to a “neutral” rating and set a $140.00 price objective for the company. in a research report on Tuesday, January 3rd. Canaccord Genuity Group lowered their target price on Apple from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, January 18th. Cowen dropped their price objective on Apple from $200.00 to $195.00 and set an “outperform” rating for the company in a report on Friday, February 3rd. Finally, Morgan Stanley raised their target price on shares of Apple from $175.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, March 3rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $168.24.
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.
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