Sterling Investment Counsel LLC Has $13.14 Million Position in Apple Inc. (NASDAQ:AAPL)

Sterling Investment Counsel LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 17.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,248 shares of the iPhone maker’s stock after buying an additional 10,028 shares during the period. Apple comprises approximately 6.7% of Sterling Investment Counsel LLC’s investment portfolio, making the stock its 3rd biggest position. Sterling Investment Counsel LLC’s holdings in Apple were worth $13,140,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Atlantic Private Wealth LLC acquired a new position in Apple in the 1st quarter worth approximately $30,000. Wyrmwood Management LLC boosted its stake in Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after purchasing an additional 69 shares during the period. Summit Wealth Group LLC boosted its stake in Apple by 16,252.3% in the 1st quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 6,949,659 shares during the period. HBC Financial Services PLLC boosted its stake in Apple by 21.7% in the 1st 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, West Tower Group LLC acquired a new position in Apple in the 2nd quarter worth approximately $64,000. 60.41% of the stock is currently owned by institutional investors.

Apple Trading Down 0.8 %

Shares of NASDAQ AAPL opened at $170.03 on Tuesday. Apple Inc. has a 1-year low of $159.78 and a 1-year high of $199.62. The company has a market cap of $2.63 trillion, a PE ratio of 26.48, a P/E/G ratio of 2.07 and a beta of 1.27. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. The company has a 50-day moving average of $180.75 and a two-hundred day moving average of $182.63.

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

Apple Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently commented on AAPL. DZ Bank reaffirmed a “hold” rating and issued a $180.00 price objective on shares of Apple in a research note on Thursday, March 28th. Piper Sandler cut their price target on shares of Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. DA Davidson assumed coverage on shares of Apple in a report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 price target on the stock. Redburn Atlantic downgraded shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a report on Wednesday, January 10th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $220.00 target price on shares of Apple in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $204.23.

Check Out Our Latest Stock Report on AAPL

Insiders Place Their Bets

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction dated 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 transaction, 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 legal filing with the SEC, which is available at this hyperlink. 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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