Stillwater Investment Management LLC Sells 4,483 Shares of Apple Inc. (NASDAQ:AAPL)

Posted by on Mar 20th, 2023

Stillwater Investment Management LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL – Get Rating) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 133,110 shares of the iPhone maker’s stock after selling 4,483 shares during the period. Apple accounts for about 4.9% of Stillwater Investment Management LLC’s investment portfolio, making the stock its 4th largest position. Stillwater Investment Management LLC’s holdings in Apple were worth $17,295,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in AAPL. IFM Investors Pty Ltd grew its stake in Apple by 20.0% in the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after acquiring an additional 435,891 shares during the last quarter. Ironwood Wealth Management LLC. boosted its stake in shares of Apple by 0.4% during the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock worth $42,016,000 after purchasing an additional 1,040 shares during the last quarter. Markel Corp boosted its stake in shares of Apple by 0.7% during the 1st quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after purchasing an additional 8,450 shares during the last quarter. Camden Capital LLC boosted its stake in shares of Apple by 9.2% during the 1st quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock worth $27,305,000 after purchasing an additional 13,200 shares during the last quarter. Finally, Harbor Island Capital LLC boosted its stake in shares of Apple by 0.3% during the 1st quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock worth $23,629,000 after purchasing an additional 400 shares during the last quarter. 57.60% of the stock is owned by institutional investors and hedge funds.

Apple Trading Down 0.5 %

AAPL opened at $155.00 on Monday. The firm has a market capitalization of $2.45 trillion, a P/E ratio of 26.32, a P/E/G ratio of 2.06 and a beta of 1.30. The firm’s 50 day moving average is $146.64 and its 200-day moving average is $145.23. Apple Inc. has a 52-week low of $124.17 and a 52-week high of $179.61. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 1.76.

Apple (NASDAQ:AAPL – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.05). The firm had revenue of $117.15 billion for the quarter, compared to analysts’ expectations of $121.67 billion. Apple had a net margin of 24.56% and a return on equity of 163.45%. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.10 EPS. Analysts expect that Apple Inc. will post 6.04 EPS for the current fiscal year.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 16th. Stockholders of record on Monday, February 13th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, February 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.59%. This is a positive change from Apple’s previous quarterly dividend of $0.17. Apple’s dividend payout ratio (DPR) is currently 15.62%.

Analyst Ratings Changes

Several research firms have issued reports on AAPL. Deutsche Bank Aktiengesellschaft set a $160.00 price target on shares of Apple in a research note on Friday, February 3rd. JPMorgan Chase & Co. set a $175.00 price target on shares of Apple in a research note on Wednesday, March 1st. Cowen decreased their price target on shares of Apple from $200.00 to $195.00 and set an “outperform” rating on the stock in a research note on Friday, February 3rd. Rosenblatt Securities raised their target price on shares of Apple from $165.00 to $173.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Finally, UBS Group set a $180.00 target price on shares of Apple in a research report on Tuesday, March 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $168.24.

Apple Company Profile

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL – Get Rating).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.