Crossmark Global Holdings Inc. reduced its stake in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,009,857 shares of the iPhone maker’s stock after selling 30,157 shares during the quarter. Apple accounts for 3.9% of Crossmark Global Holdings Inc.’s portfolio, making the stock its largest position. Crossmark Global Holdings Inc.’s holdings in Apple were worth $139,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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Several other hedge funds have also recently bought and sold shares of the stock. Chapman Investment Management LLC raised its stake in Apple by 0.4% during the third quarter. Chapman Investment Management LLC now owns 65,362 shares of the iPhone maker’s stock worth $9,033,000 after acquiring an additional 250 shares in the last quarter. Sheets Smith Wealth Management raised its stake in Apple by 5.4% during the third quarter. Sheets Smith Wealth Management now owns 81,510 shares of the iPhone maker’s stock worth $11,265,000 after acquiring an additional 4,204 shares in the last quarter. Arjuna Capital raised its stake in Apple by 3.4% during the third quarter. Arjuna Capital now owns 132,735 shares of the iPhone maker’s stock worth $18,344,000 after acquiring an additional 4,339 shares in the last quarter. Lineweaver Wealth Advisors LLC raised its stake in Apple by 0.7% during the third quarter. Lineweaver Wealth Advisors LLC now owns 83,850 shares of the iPhone maker’s stock worth $11,588,000 after acquiring an additional 624 shares in the last quarter. Finally, Highview Capital Management LLC DE increased its stake in shares of Apple by 4.3% in the third quarter. Highview Capital Management LLC DE now owns 52,266 shares of the iPhone maker’s stock valued at $7,223,000 after buying an additional 2,141 shares in the last quarter. 57.60% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, insider Chris Kondo sold 20,200 shares of Apple stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the transaction, the insider now owns 31,505 shares in the company, valued at approximately $4,685,423.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of analysts have recently weighed in on AAPL shares. Wedbush raised their target price on Apple from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Fundamental Research raised their target price on Apple to $168.50 and gave the company a “buy” rating in a research note on Tuesday, November 8th. Citigroup restated a “buy” rating and issued a $175.00 target price on shares of Apple in a research note on Tuesday, November 8th. Piper Sandler restated an “overweight” rating and issued a $195.00 target price on shares of Apple in a research note on Friday, February 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $170.00 target price on shares of Apple in a research note on Friday, February 3rd. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $166.49.
Apple Trading Up 0.1 %
NASDAQ:AAPL opened at $151.01 on Monday. Apple Inc. has a fifty-two week low of $124.17 and a fifty-two week high of $179.61. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.94 and a quick ratio of 0.89. The stock has a market capitalization of $2.39 trillion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 2.00 and a beta of 1.28. The business’s 50-day simple moving average is $138.45 and its 200-day simple moving average is $147.92.
Apple (NASDAQ:AAPL – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.05). Apple had a net margin of 24.56% and a return on equity of 163.45%. The business had revenue of $117.15 billion for the quarter, compared to the consensus estimate of $121.67 billion. During the same quarter last year, the firm earned $2.10 EPS. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. Sell-side analysts expect that Apple Inc. will post 6.05 earnings per share for the current fiscal year.
Apple Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 16th. Stockholders of record on Monday, February 13th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Friday, February 10th. This is a boost from Apple’s previous quarterly dividend of $0.17. Apple’s payout ratio is 15.62%.
About Apple
Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.
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