Apple Inc. (NASDAQ:AAPL) is Toth Financial Advisory Corp’s 3rd Largest Position

Toth Financial Advisory Corp lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,199 shares of the iPhone maker’s stock after selling 1,025 shares during the period. Apple comprises about 2.7% of Toth Financial Advisory Corp’s investment portfolio, making the stock its 3rd biggest holding. Toth Financial Advisory Corp’s holdings in Apple were worth $23,089,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Bull Oak Capital LLC lifted its stake in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after acquiring an additional 111 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new position in shares of Apple during the 3rd quarter valued at $71,000. Christopher J. Hasenberg Inc raised its holdings in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after purchasing an additional 144 shares in the last quarter. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple in the 3rd quarter valued at $77,000. Finally, ARK Investment Management LLC bought a new stake in Apple in the third quarter worth $110,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Up 0.2 %

Shares of AAPL opened at $214.00 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The company has a 50-day moving average price of $233.90 and a two-hundred day moving average price of $233.71. The stock has a market cap of $3.21 trillion, a price-to-earnings ratio of 33.97, a P/E/G ratio of 2.44 and a beta of 1.18. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Equities analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.47%. Apple’s dividend payout ratio (DPR) is 15.87%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AAPL shares. Loop Capital cut Apple from a “buy” rating to a “hold” rating and set a $230.00 price target for the company. in a research report on Tuesday, January 21st. Moffett Nathanson restated a “sell” rating and issued a $188.00 target price (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. Monness Crespi & Hardt upped their target price on Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. DA Davidson set a $290.00 price target on shares of Apple in a research report on Friday, January 31st. Finally, Raymond James upped their price objective on shares of Apple to $250.00 and gave the stock a “buy” rating in a report on Monday, January 20th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $243.22.

Apple Company 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.