Boltwood Capital Management Sells 194 Shares of Apple Inc. (NASDAQ:AAPL)

Boltwood Capital Management trimmed its position in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,727 shares of the iPhone maker’s stock after selling 194 shares during the period. Apple accounts for 1.8% of Boltwood Capital Management’s portfolio, making the stock its 12th largest holding. Boltwood Capital Management’s holdings in Apple were worth $4,382,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AAPL. Robinson Value Management Ltd. bought a new stake in Apple in the 3rd quarter valued at $28,000. Hanseatic Management Services Inc. increased its holdings in Apple by 75.4% in the 3rd quarter. Hanseatic Management Services Inc. now owns 249 shares of the iPhone maker’s stock valued at $34,000 after acquiring an additional 107 shares during the last quarter. Bluestem Financial Advisors LLC increased its holdings in Apple by 5,935.2% in the 2nd quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock valued at $35,000 after acquiring an additional 229,929 shares during the last quarter. HBC Financial Services PLLC increased its holdings in Apple by 21.7% in the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after acquiring an additional 80 shares during the last quarter. Finally, Ramsey Quantitative Systems bought a new stake in Apple in the 2nd quarter valued at $55,000. 57.60% of the stock is currently owned by institutional investors.

Apple Trading Down 0.5 %

NASDAQ AAPL opened at $155.00 on Friday. 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 $2.45 trillion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 2.03 and a beta of 1.30. The company has a 50 day moving average price of $146.64 and a 200 day moving average price of $145.32. Apple Inc. has a 52 week low of $124.17 and a 52 week high of $179.61.

Apple (NASDAQ:AAPL – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The iPhone maker reported $1.88 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.05). The firm had revenue of $117.15 billion for the quarter, compared to the consensus estimate of $121.67 billion. Apple had a return on equity of 163.45% and a net margin of 24.56%. The company’s revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.10 EPS. As a group, sell-side analysts forecast that Apple Inc. will post 6.04 EPS for the current fiscal year.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 16th. Investors of record on Monday, February 13th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.59%. 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 payout ratio is 15.62%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AAPL shares. Raymond James dropped their price objective on shares of Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $195.00 price target on shares of Apple in a research note on Friday, February 3rd. JPMorgan Chase & Co. set a $175.00 price target on shares of Apple in a research note on Wednesday, March 1st. Barclays lifted their price target on shares of Apple from $133.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Friday, February 3rd. Finally, Morgan Stanley lifted their price target on shares of Apple from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, March 3rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $168.24.

Apple 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.