Collective Family Office LLC Sells 87 Shares of Apple Inc. (NASDAQ:AAPL)

Collective Family Office LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 15,305 shares of the iPhone maker’s stock after selling 87 shares during the period. Apple accounts for approximately 1.1% of Collective Family Office LLC’s investment portfolio, making the stock its 27th biggest holding. Collective Family Office LLC’s holdings in Apple were worth $3,833,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bull Oak Capital LLC grew its position in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new position in shares of Apple during the second quarter valued at about $42,000. Christopher J. Hasenberg Inc boosted its position in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new stake in Apple in the 3rd quarter valued at about $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in Apple during the 3rd quarter worth approximately $77,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Performance

NASDAQ:AAPL opened at $244.47 on Wednesday. The company’s 50-day moving average is $240.66 and its two-hundred day moving average is $231.94. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The firm has a market capitalization of $3.67 trillion, a price-to-earnings ratio of 38.80, a PEG ratio of 2.32 and a beta of 1.20.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.41%. Apple’s dividend payout ratio is presently 15.87%.

Insider Transactions at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 target price on shares of Apple in a report on Friday, January 31st. UBS Group reissued a “neutral” rating and set a $236.00 target price on shares of Apple in a research report on Monday, December 2nd. JPMorgan Chase & Co. raised their price target on shares of Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Morgan Stanley boosted their price objective on Apple from $273.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Raymond James raised their target price on Apple to $250.00 and gave the company a “buy” rating in a report on Monday, January 20th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $242.52.

Apple Profile

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.