Apple Inc. (NASDAQ:AAPL) Shares Sold by GSB Wealth Management LLC

GSB Wealth Management LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 0.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 46,467 shares of the iPhone maker’s stock after selling 339 shares during the period. Apple comprises 3.0% of GSB Wealth Management LLC’s holdings, making the stock its 3rd biggest position. GSB Wealth Management LLC’s holdings in Apple were worth $11,636,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bull Oak Capital LLC raised its stake in shares of Apple by 252.3% during 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. Christopher J. Hasenberg Inc increased its stake in shares of Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after buying an additional 144 shares during the period. SPX Gestao de Recursos Ltda bought a new position in shares of Apple during the third quarter worth about $71,000. Teachers Insurance & Annuity Association of America bought a new position in Apple during the 3rd quarter worth approximately $77,000. Finally, ARK Investment Management LLC bought a new stake in shares of Apple in the 3rd quarter valued at $110,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on AAPL. Bank of America increased their price target on Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Jefferies Financial Group restated an “underperform” rating on shares of Apple in a report on Wednesday, February 19th. Raymond James lifted their price target on shares of Apple to $250.00 and gave the company a “buy” rating in a research report on Monday, January 20th. Sanford C. Bernstein upped their price objective on shares of Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Maxim Group boosted their target price on shares of Apple to $215.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $243.22.

Apple Stock Up 0.2 %

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

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, sell-side analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.47%. Apple’s dividend payout ratio is presently 15.87%.

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.