Edmonds Duncan Registered Investment Advisors LLC Decreases Stake in Apple Inc. (NASDAQ:AAPL)

Edmonds Duncan Registered Investment Advisors LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 90.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,926 shares of the iPhone maker’s stock after selling 267,630 shares during the period. Apple comprises 1.4% of Edmonds Duncan Registered Investment Advisors LLC’s investment portfolio, making the stock its 19th biggest position. Edmonds Duncan Registered Investment Advisors LLC’s holdings in Apple were worth $5,377,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Apple by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after buying an additional 8,734,393 shares in the last quarter. State Street Corp raised its position in shares of Apple by 0.5% during the 2nd quarter. State Street Corp now owns 578,897,858 shares of the iPhone maker’s stock valued at $112,288,818,000 after buying an additional 2,616,084 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in Apple by 116,483.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock worth $74,002,245,000 after purchasing an additional 569,066,184 shares during the period. Geode Capital Management LLC raised its position in Apple by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 291,538,165 shares of the iPhone maker’s stock worth $56,396,763,000 after purchasing an additional 6,367,053 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in Apple by 3.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 234,017,381 shares of the iPhone maker’s stock worth $38,589,468,000 after purchasing an additional 7,736,013 shares during the period. 60.41% of the stock is owned by institutional investors.

Apple Stock Down 1.1 %

AAPL opened at $171.48 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. Apple Inc. has a 1-year low of $159.35 and a 1-year high of $199.62. The company has a market capitalization of $2.65 trillion, a PE ratio of 26.71, a PEG ratio of 2.09 and a beta of 1.29. The firm’s 50 day simple moving average is $180.75 and its two-hundred day simple moving average is $182.53.

Apple (NASDAQ:AAPLGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The business had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. During the same period last year, the firm earned $1.88 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities analysts forecast that Apple Inc. will post 6.55 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.56%. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 target price on shares of Apple in a research report on Friday, February 2nd. JPMorgan Chase & Co. decreased their target price on shares of Apple from $225.00 to $215.00 and set an “overweight” rating on the stock in a research report on Friday, February 2nd. Redburn Atlantic cut shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 price objective on the stock. in a research report on Wednesday, January 10th. Piper Sandler Companies cut shares of Apple to a “neutral” rating and decreased their price objective for the company from $220.00 to $205.00 in a research report on Thursday, January 4th. Finally, Oppenheimer restated an “outperform” rating and issued a $200.00 price objective on shares of Apple in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $204.53.

Get Our Latest Stock Report on Apple

Insider Transactions at Apple

In other news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now directly owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Apple Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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