Apple Inc. (NASDAQ:AAPL) Stock Holdings Decreased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL – Get Rating) by 0.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,155,009 shares of the iPhone maker’s stock after selling 4,651 shares during the quarter. Apple makes up about 4.0% of Mutual of America Capital Management LLC’s portfolio, making the stock its biggest position. Mutual of America Capital Management LLC’s holdings in Apple were worth $297,822,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bluestem Financial Advisors LLC grew its stake in Apple by 5,935.2% in the second quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock worth $35,000 after purchasing an additional 229,929 shares in the last quarter. HBC Financial Services PLLC grew its stake in Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares in the last quarter. Ramsey Quantitative Systems bought a new position in Apple in the second quarter worth approximately $55,000. Morgan Dempsey Capital Management LLC bought a new position in Apple in the third quarter worth approximately $55,000. Finally, CFS Investment Advisory Services LLC grew its stake in Apple by 14,693.8% in the third quarter. CFS Investment Advisory Services LLC now owns 6,024,330 shares of the iPhone maker’s stock worth $65,000 after purchasing an additional 5,983,608 shares in the last quarter. Institutional investors own 57.60% of the company’s stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $151.03 on Friday. Apple Inc. has a twelve month low of $124.17 and a twelve month high of $179.61. The company’s 50 day moving average is $141.82 and its 200 day moving average is $146.38. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 1.76. The company has a market cap of $2.39 trillion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 1.93 and a beta of 1.30.

Apple (NASDAQ:AAPL – Get Rating) last issued its quarterly earnings results 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). Apple had a return on equity of 163.45% and a net margin of 24.56%. The business had revenue of $117.15 billion during the quarter, compared to analyst estimates of $121.67 billion. During the same quarter last year, the company posted $2.10 EPS. Apple’s quarterly revenue was down 5.5% compared to the same quarter last year. On average, sell-side analysts forecast that Apple Inc. will post 6.05 EPS for the current year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 16th. Shareholders of record on Monday, February 13th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.61%. 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. Apple’s dividend payout ratio is currently 15.62%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Evercore ISI reaffirmed an “outperform” rating and set a $190.00 target price on shares of Apple in a research report on Monday, February 6th. Fundamental Research reaffirmed a “buy” rating and set a $168.00 target price on shares of Apple in a research report on Tuesday, February 14th. Cowen dropped their target price on Apple from $200.00 to $195.00 and set an “outperform” rating on the stock in a research report on Friday, February 3rd. Rosenblatt Securities increased their target price on Apple from $165.00 to $173.00 and gave the company a “buy” rating in a research report on Friday, February 3rd. Finally, Cowen dropped their target price on Apple from $200.00 to $195.00 and set an “outperform” rating on the stock in a research report on Friday, February 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $166.18.

About Apple

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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.