Schwarz Dygos Wheeler Investment Advisors LLC reduced its position in Apple Inc. (NASDAQ:AAPL) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,720 shares of the iPhone maker’s stock after selling 1,563 shares during the period. Apple comprises about 10.8% of Schwarz Dygos Wheeler Investment Advisors LLC’s holdings, making the stock its 2nd largest position. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Apple were worth $15,775,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of AAPL. Pennsylvania Trust Co grew its holdings in Apple by 0.5% in the 4th quarter. Pennsylvania Trust Co now owns 300,255 shares of the iPhone maker’s stock valued at $88,170,000 after buying an additional 1,463 shares during the last quarter. Apexium Financial LP bought a new position in Apple during the fourth quarter worth about $2,628,000. Nadler Financial Group Inc. lifted its holdings in Apple by 1.6% during the fourth quarter. Nadler Financial Group Inc. now owns 47,447 shares of the iPhone maker’s stock worth $13,933,000 after acquiring an additional 740 shares in the last quarter. Burke & Herbert Bank & Trust Co. lifted its holdings in Apple by 2.1% during the fourth quarter. Burke & Herbert Bank & Trust Co. now owns 17,761 shares of the iPhone maker’s stock worth $5,216,000 after acquiring an additional 366 shares in the last quarter. Finally, Accurate Investment Solutions Inc. lifted its holdings in Apple by 6.8% during the fourth quarter. Accurate Investment Solutions Inc. now owns 7,754 shares of the iPhone maker’s stock worth $2,277,000 after acquiring an additional 494 shares in the last quarter. 59.94% of the stock is currently owned by institutional investors.
In related news, Director Arthur D. Levinson sold 37,394 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $257.79, for a total transaction of $9,639,799.26. Following the transaction, the director now owns 1,170,677 shares in the company, valued at $301,788,823.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.05% of the stock is owned by insiders.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Wednesday, October 30th. The iPhone maker reported $3.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.19. The business had revenue of $64.04 billion during the quarter, compared to the consensus estimate of $62.86 billion. Apple had a return on equity of 53.82% and a net margin of 21.24%. Apple’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.91 earnings per share. On average, analysts forecast that Apple Inc. will post 13.15 earnings per share for the current year.
A number of analysts have recently commented on the company. Loop Capital lowered Apple from a “buy” rating to a “hold” rating in a report on Friday, January 3rd. Maxim Group lowered Apple to a “sell” rating and set a $190.00 price target on the stock. in a report on Wednesday, December 4th. Tigress Financial restated a “buy” rating on shares of Apple in a report on Monday, December 30th. Piper Jaffray Companies boosted their price target on Apple from $290.00 to $305.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Finally, Sanford C. Bernstein restated a “hold” rating and issued a $300.00 price target on shares of Apple in a report on Friday, January 10th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $274.36.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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