Apple Inc. (NASDAQ:AAPL) Holdings Decreased by Analyst IMS Investment Management Services Ltd.

Analyst IMS Investment Management Services Ltd. trimmed its position in Apple Inc. (NASDAQ:AAPL – Get Rating) by 4.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,928 shares of the iPhone maker’s stock after selling 2,555 shares during the quarter. Apple makes up approximately 0.7% of Analyst IMS Investment Management Services Ltd.’s holdings, making the stock its 16th largest position. Analyst IMS Investment Management Services Ltd.’s holdings in Apple were worth $7,114,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Robinson Value Management Ltd. acquired a new stake in Apple in the 3rd quarter valued at approximately $28,000. Hanseatic Management Services Inc. increased its holdings in shares of Apple by 75.4% during the third quarter. Hanseatic Management Services Inc. now owns 249 shares of the iPhone maker’s stock valued at $34,000 after purchasing an additional 107 shares during the period. Bluestem Financial Advisors LLC raised its stake in shares of Apple by 5,935.2% during the second quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock valued at $35,000 after purchasing an additional 229,929 shares in the last quarter. HBC Financial Services PLLC lifted its holdings 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 during the period. Finally, Ramsey Quantitative Systems bought a new position in Apple in the 2nd quarter valued at about $55,000. 57.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AAPL. Cowen reduced their price target on shares of Apple from $200.00 to $195.00 and set an “outperform” rating for the company in a research note on Friday, February 3rd. JPMorgan Chase & Co. set a $175.00 price target on Apple in a research note on Wednesday, March 1st. Piper Sandler restated an “overweight” rating and issued a $195.00 price objective on shares of Apple in a report on Friday, February 3rd. National Bank Financial cut their price objective on Apple to $54.00 and set an “outperform” rating for the company in a report on Friday, January 20th. Finally, Credit Suisse Group set a $184.00 price objective on Apple in a report on Monday, February 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $168.24.

Apple Stock Down 1.4 %

AAPL stock opened at $148.50 on Friday. The firm has a market cap of $2.35 trillion, a PE ratio of 25.21, a PEG ratio of 2.02 and a beta of 1.30. The company has a fifty day simple moving average of $144.02 and a 200 day simple moving average of $145.85. Apple Inc. has a 1 year low of $124.17 and a 1 year high of $179.61. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 1.76.

Apple (NASDAQ:AAPL – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share (EPS) 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 company had revenue of $117.15 billion for the quarter, compared to the consensus estimate of $121.67 billion. During the same quarter last year, the company posted $2.10 EPS. The business’s revenue was down 5.5% compared to the same quarter last year. Sell-side analysts anticipate that Apple Inc. will post 6.04 EPS for the current fiscal year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 16th. Investors of record on Monday, February 13th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Friday, February 10th. This is an increase from Apple’s previous quarterly dividend of $0.17. Apple’s dividend payout ratio (DPR) is 15.62%.

Apple Company Profile

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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.