DDD Partners LLC Has $35.54 Million Position in Apple Inc. (NASDAQ:AAPL)

DDD Partners LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,598 shares of the iPhone maker’s stock after selling 1,279 shares during the quarter. Apple comprises 4.8% of DDD Partners LLC’s portfolio, making the stock its 4th largest holding. DDD Partners LLC’s holdings in Apple were worth $35,541,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Conservest Capital Advisors Inc. increased its position in Apple by 0.3% during the third quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock worth $2,877,000 after buying an additional 55 shares during the last quarter. High Pines Wealth Management LLC increased its position in Apple by 0.7% during the fourth quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock worth $1,638,000 after buying an additional 58 shares during the last quarter. Kraft Davis & Associates LLC increased its position in Apple by 0.9% during the third quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock worth $1,155,000 after buying an additional 59 shares during the last quarter. MKT Advisors LLC increased its position in Apple by 0.5% during the second quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock worth $1,777,000 after buying an additional 60 shares during the last quarter. Finally, Cassia Capital Partners LLC increased its position in Apple by 1.2% during the third quarter. Cassia Capital Partners LLC now owns 5,209 shares of the iPhone maker’s stock worth $892,000 after buying an additional 60 shares during the last quarter. 60.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on AAPL shares. Oppenheimer reissued an “outperform” rating and set a $200.00 target price on shares of Apple in a research report on Friday, February 2nd. Citigroup reiterated a “buy” rating and issued a $225.00 price objective on shares of Apple in a research note on Friday, February 16th. Piper Sandler dropped their price objective on Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. Morgan Stanley reiterated an “overweight” rating and issued a $220.00 price objective on shares of Apple in a research note on Friday, March 22nd. Finally, Loop Capital dropped their price objective on Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $204.23.

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the transaction, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the completion of the sale, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the sale, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. Insiders sold 253,915 shares of company stock worth $44,202,868 in the last quarter. Insiders own 0.06% of the company’s stock.

Apple Stock Up 0.7 %

Shares of AAPL opened at $169.67 on Wednesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The business’s 50 day simple moving average is $177.45 and its 200-day simple moving average is $182.30. Apple Inc. has a one year low of $159.78 and a one year high of $199.62. The company has a market capitalization of $2.62 trillion, a P/E ratio of 26.43, a PEG ratio of 2.04 and a beta of 1.27.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data 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 firm had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. During the same quarter in the previous year, the company posted $1.88 EPS. Apple’s revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts predict that Apple Inc. will post 6.55 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Apple Company 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.