Worth Asset Management LLC Has $3.94 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Worth Asset Management LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,470 shares of the iPhone maker’s stock after selling 1,103 shares during the quarter. Apple accounts for 2.8% of Worth Asset Management LLC’s holdings, making the stock its 7th biggest position. Worth Asset Management LLC’s holdings in Apple were worth $3,941,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of AAPL. Moneta Group Investment Advisors LLC increased its stake in Apple by 116,483.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock worth $74,002,245,000 after purchasing an additional 569,066,184 shares in the last quarter. Norges Bank bought a new position in shares of Apple during the 4th quarter worth approximately $21,746,940,000. Morgan Stanley grew its stake in shares of Apple by 14.2% during the 4th quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock worth $27,110,586,000 after acquiring an additional 25,926,552 shares in the last quarter. Barclays PLC grew its stake in shares of Apple by 60.0% during the 2nd quarter. Barclays PLC now owns 46,932,352 shares of the iPhone maker’s stock worth $9,103,464,000 after acquiring an additional 17,604,799 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of Apple by 154.9% during the 2nd quarter. Osaic Holdings Inc. now owns 23,295,770 shares of the iPhone maker’s stock worth $1,729,270,000 after acquiring an additional 14,157,430 shares in the last quarter. 60.41% of the stock is owned by institutional investors.

Apple Price Performance

Apple stock opened at $173.31 on Thursday. The stock’s 50 day moving average is $181.68 and its 200 day moving average is $182.73. 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 firm has a market cap of $2.68 trillion, a P/E ratio of 27.00, a P/E/G ratio of 2.06 and a beta of 1.29. Apple Inc. has a one year low of $155.98 and a one year high of $199.62.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.09. The firm had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.88 earnings per share. As a group, research analysts expect that Apple Inc. will post 6.55 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 0.55%. Apple’s dividend payout ratio (DPR) is currently 14.95%.

Insider Buying and Selling

In related news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on AAPL. JPMorgan Chase & Co. decreased their price target on shares of Apple from $225.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, February 2nd. Rosenblatt Securities reaffirmed a “neutral” rating and set a $189.00 price target on shares of Apple in a research note on Tuesday, March 5th. DA Davidson began coverage on shares of Apple in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 price target for the company. Barclays decreased their price target on shares of Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a research note on Friday, February 2nd. Finally, Citigroup reissued a “buy” rating and issued a $225.00 price objective on shares of Apple in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $205.27.

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.