Apple Inc. (NASDAQ:AAPL) Stock Holdings Decreased by Chaney Capital Management Inc.

Chaney Capital Management Inc. trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 1.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,538 shares of the iPhone maker’s stock after selling 484 shares during the quarter. Apple makes up approximately 4.2% of Chaney Capital Management Inc.’s holdings, making the stock its 7th biggest position. Chaney Capital Management Inc.’s holdings in Apple were worth $8,899,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC grew its holdings in shares of Apple by 16.1% in the fourth quarter. Empowered Funds LLC now owns 495,363 shares of the iPhone maker’s stock valued at $124,049,000 after purchasing an additional 68,537 shares in the last quarter. O Brien Wealth Partners LLC grew its holdings in Apple by 67.7% during the 4th quarter. O Brien Wealth Partners LLC now owns 61,038 shares of the iPhone maker’s stock valued at $15,285,000 after purchasing an additional 24,647 shares during the last quarter. Hobart Private Capital LLC raised its holdings in shares of Apple by 24.5% in the fourth quarter. Hobart Private Capital LLC now owns 5,826 shares of the iPhone maker’s stock worth $1,459,000 after buying an additional 1,145 shares during the period. Pacific Wealth Strategies Group Inc. increased its stake in Apple by 41.0% in the fourth quarter. Pacific Wealth Strategies Group Inc. now owns 39,590 shares of the iPhone maker’s stock worth $9,914,000 after purchasing an additional 11,508 shares during the period. Finally, Advisory Resource Group lifted its holdings in Apple by 0.5% during the 4th quarter. Advisory Resource Group now owns 24,594 shares of the iPhone maker’s stock valued at $6,159,000 after buying an additional 131 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Trading Down 4.2 %

Shares of AAPL opened at $190.42 on Friday. The stock has a market cap of $2.86 trillion, a PE ratio of 30.23, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The firm’s fifty day moving average is $223.56 and its two-hundred day moving average is $231.33. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.53%. Apple’s payout ratio is 15.87%.

Insider Buying and Selling

In other Apple news, CEO Timothy D. Cook sold 108,136 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the sale, the chief executive officer now directly owns 3,280,295 shares in the company, valued at $733,637,976.75. This represents a 3.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey E. Williams sold 35,493 shares of Apple stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total value of $7,950,786.93. Following the completion of the transaction, the chief operating officer now owns 390,059 shares of the company’s stock, valued at approximately $87,377,116.59. This trade represents a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 182,451 shares of company stock valued at $40,818,720. 0.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of research analyst reports. Evercore ISI lifted their target price on Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday, March 18th. Argus upgraded shares of Apple to a “strong-buy” rating in a research note on Friday, January 31st. Sanford C. Bernstein boosted their price target on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Morgan Stanley cut their target price on Apple from $252.00 to $220.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, JPMorgan Chase & Co. increased their price target on shares of Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $240.26.

Apple Profile

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.