Apple Inc. (NASDAQ:AAPL) is Chatham Capital Group Inc.’s 2nd Largest Position

Chatham Capital Group Inc. cut its holdings in Apple Inc. (NASDAQ:AAPL) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 85,786 shares of the iPhone maker’s stock after selling 927 shares during the quarter. Apple accounts for approximately 3.3% of Chatham Capital Group Inc.’s investment portfolio, making the stock its 2nd largest position. Chatham Capital Group Inc.’s holdings in Apple were worth $16,517,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. IFM Investors Pty Ltd lifted its position in Apple by 20.0% in the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock worth $456,728,000 after buying an additional 435,891 shares during the last quarter. Ironwood Wealth Management LLC. lifted its position in Apple by 0.4% in the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock worth $42,016,000 after buying an additional 1,040 shares during the last quarter. Markel Corp lifted its position in Apple by 0.7% in the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after buying an additional 8,450 shares during the last quarter. Camden Capital LLC lifted its position in Apple by 9.2% in the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock worth $27,305,000 after buying an additional 13,200 shares during the last quarter. Finally, Harbor Island Capital LLC lifted its position in Apple by 0.3% in the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock worth $23,629,000 after buying an additional 400 shares during the last quarter. 60.41% of the stock is owned by hedge funds and other institutional investors.

Apple Price Performance

Shares of AAPL stock opened at $168.00 on Thursday. Apple Inc. has a fifty-two week low of $162.80 and a fifty-two week high of $199.62. The firm has a market capitalization of $2.59 trillion, a price-to-earnings ratio of 26.17, a PEG ratio of 2.08 and a beta of 1.27. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The stock’s 50-day simple moving average is $175.57 and its 200-day simple moving average is $182.21.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. During the same quarter in the previous year, the firm earned $1.88 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. As a group, equities analysts forecast 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 paid a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.57%. Apple’s payout ratio is 14.95%.

Insider Transactions at Apple

In other news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction dated 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 of the company’s stock, valued at $802,392,181.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction dated 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 366,271 shares of company stock worth $63,653,887. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Piper Sandler Companies downgraded Apple to a “neutral” rating and lowered their price target for the stock from $220.00 to $205.00 in a research report on Thursday, January 4th. Morgan Stanley restated an “overweight” rating and issued a $220.00 price target on shares of Apple in a research report on Friday, March 22nd. DZ Bank reiterated a “hold” rating and set a $180.00 target price on shares of Apple in a research report on Thursday, March 28th. Maxim Group began coverage on Apple in a research report on Wednesday. They set a “hold” rating and a $178.00 target price for the company. Finally, Wedbush reiterated an “outperform” rating and set a $250.00 target price on shares of Apple in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $203.34.

Apple 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.