Chatham Capital Group Inc. Sells 927 Shares of Apple Inc. (NASDAQ:AAPL)

Chatham Capital Group Inc. lowered its stake in Apple Inc. (NASDAQ:AAPL) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,786 shares of the iPhone maker’s stock after selling 927 shares during the period. Apple comprises 3.3% of Chatham Capital Group Inc.’s investment portfolio, making the stock its 2nd biggest position. Chatham Capital Group Inc.’s holdings in Apple were worth $16,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AAPL. 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 valued at $74,002,245,000 after purchasing an additional 569,066,184 shares in the last quarter. Norges Bank acquired a new stake in Apple in the 4th quarter valued at about $21,746,940,000. Morgan Stanley raised its position in Apple by 14.2% in the 4th quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock valued at $27,110,586,000 after purchasing an additional 25,926,552 shares in the last quarter. Barclays PLC raised its position in Apple by 60.0% in the 2nd quarter. Barclays PLC now owns 46,932,352 shares of the iPhone maker’s stock valued at $9,103,464,000 after purchasing an additional 17,604,799 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in Apple by 154.9% in the 2nd quarter. Osaic Holdings Inc. now owns 23,295,770 shares of the iPhone maker’s stock valued at $1,729,270,000 after purchasing an additional 14,157,430 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Stock Down 0.8 %

AAPL opened at $168.00 on Thursday. 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 has a 50 day simple moving average of $175.57 and a 200-day simple moving average of $182.21. The stock has a market capitalization of $2.59 trillion, a P/E ratio of 26.17, a P/E/G ratio of 2.08 and a beta of 1.27. Apple Inc. has a 12 month low of $162.80 and a 12 month high of $199.62.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, beating the consensus estimate of $2.09 by $0.09. The business had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.88 EPS. On average, equities analysts anticipate that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were issued a $0.24 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.57%. Apple’s dividend payout ratio is currently 14.95%.

Insider Activity

In other news, CEO Timothy D. Cook sold 99,183 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the sale, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the business’s stock in a transaction on Monday, April 1st. The stock was 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 directly owns 3,377,407 shares in the company, valued at $574,260,512.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the sale, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The disclosure for this sale can be found here. Insiders sold 366,271 shares of company stock valued at $63,653,887 in the last three months. 0.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AAPL. Citigroup reiterated a “buy” rating and issued a $225.00 price objective on shares of Apple in a report 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 report on Friday, February 2nd. Barclays dropped their price objective on Apple from $160.00 to $158.00 and set an “underweight” rating on the stock in a report on Friday, February 2nd. Monness Crespi & Hardt increased their price objective on Apple from $189.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Piper Sandler Companies downgraded Apple to a “neutral” rating and dropped their price objective for the company from $220.00 to $205.00 in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $203.34.

About Apple

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.