Apple Inc. (NASDAQ:AAPL) Position Lessened by Cozad Asset Management Inc.

Cozad Asset Management Inc. trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 137,668 shares of the iPhone maker’s stock after selling 3,814 shares during the quarter. Apple accounts for about 3.0% of Cozad Asset Management Inc.’s investment portfolio, making the stock its biggest position. Cozad Asset Management Inc.’s holdings in Apple were worth $19,480,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Worldquant Millennium Advisors LLC increased its holdings in Apple by 2.2% in the second quarter. Worldquant Millennium Advisors LLC now owns 1,486,454 shares of the iPhone maker’s stock valued at $203,585,000 after buying an additional 32,063 shares during the last quarter. Ironwood Investment Counsel LLC increased its holdings in Apple by 2.4% in the third quarter. Ironwood Investment Counsel LLC now owns 136,925 shares of the iPhone maker’s stock valued at $19,374,000 after buying an additional 3,229 shares during the last quarter. Strategic Asset Management LLC bought a new stake in Apple in the third quarter valued at about $2,594,000. Dempze Nancy E increased its holdings in Apple by 1.9% in the second quarter. Dempze Nancy E now owns 44,836 shares of the iPhone maker’s stock valued at $6,141,000 after buying an additional 830 shares during the last quarter. Finally, Kimelman & Baird LLC bought a new stake in Apple in the second quarter valued at about $58,198,000. 56.49% of the stock is currently owned by institutional investors and hedge funds.

AAPL has been the subject of several research analyst reports. Wedbush raised Apple to an “outperform” rating and boosted their price objective for the company from $185.00 to $200.00 in a report on Thursday, December 2nd. Evercore ISI raised Apple to a “top pick” rating and upped their target price for the company from $180.00 to $200.00 in a report on Tuesday, December 14th. JPMorgan Chase & Co. set a $210.00 target price on Apple and gave the company an “overweight” rating in a report on Tuesday, December 14th. Tigress Financial upped their target price on Apple from $182.00 to $198.00 and gave the company a “strong-buy” rating in a report on Wednesday, September 22nd. Finally, Credit Suisse Group assumed coverage on Apple in a report on Friday, October 29th. They set a “neutral” rating and a $150.00 target price for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Apple currently has a consensus rating of “Buy” and an average target price of $176.74.

In other news, SVP Deirdre O’brien sold 18,247 shares of the company’s stock in a transaction on Monday, October 18th. The shares were sold at an average price of $146.35, for a total value of $2,670,448.45. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Luca Maestri sold 165,829 shares of the company’s stock in a transaction on Tuesday, October 19th. The stock was sold at an average price of $148.62, for a total transaction of $24,645,505.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 218,081 shares of company stock worth $32,383,704. Company insiders own 0.06% of the company’s stock.

Shares of NASDAQ:AAPL opened at $173.07 on Friday. The company’s fifty day moving average is $167.84 and its two-hundred day moving average is $154.11. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.73. Apple Inc. has a 12-month low of $116.21 and a 12-month high of $182.94. The company has a market cap of $2.83 trillion, a P/E ratio of 30.80, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

Apple (NASDAQ:AAPL) last announced its earnings results on Wednesday, October 27th. The iPhone maker reported $1.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.24. Apple had a net margin of 25.88% and a return on equity of 144.13%. The company had revenue of $83.40 billion for the quarter, compared to the consensus estimate of $84.94 billion. During the same period in the previous year, the business earned $0.73 EPS. The company’s revenue was up 28.9% on a year-over-year basis. Equities research analysts anticipate that Apple Inc. will post 5.82 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 11th. Shareholders of record on Monday, November 8th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.51%. The ex-dividend date was Friday, November 5th. Apple’s dividend payout ratio (DPR) is currently 15.66%.

About Apple

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety 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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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