B.O.S.S. Retirement Advisors LLC Has $4.08 Million Holdings in Apple Inc. (NASDAQ:AAPL)

B.O.S.S. Retirement Advisors LLC decreased its stake in Apple Inc. (NASDAQ:AAPL) by 86.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,289 shares of the iPhone maker’s stock after selling 101,607 shares during the period. Apple comprises 1.1% of B.O.S.S. Retirement Advisors LLC’s holdings, making the stock its 20th largest position. B.O.S.S. Retirement Advisors LLC’s holdings in Apple were worth $4,079,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Advocate Group LLC boosted its position in shares of Apple by 1.7% during the fourth quarter. Advocate Group LLC now owns 48,604 shares of the iPhone maker’s stock worth $12,171,000 after purchasing an additional 820 shares in the last quarter. Grange Capital LLC acquired a new stake in Apple during the 4th quarter worth $2,171,000. CFS Investment Advisory Services LLC lifted its holdings in Apple by 3.8% during the fourth quarter. CFS Investment Advisory Services LLC now owns 58,088 shares of the iPhone maker’s stock worth $14,546,000 after acquiring an additional 2,136 shares in the last quarter. Fenimore Asset Management Inc grew its stake in Apple by 1.7% in the fourth quarter. Fenimore Asset Management Inc now owns 13,773 shares of the iPhone maker’s stock valued at $3,449,000 after acquiring an additional 236 shares during the period. Finally, Lantz Financial LLC increased its holdings in shares of Apple by 1.6% in the fourth quarter. Lantz Financial LLC now owns 33,119 shares of the iPhone maker’s stock worth $8,294,000 after acquiring an additional 537 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AAPL shares. Citigroup lifted their price objective on Apple from $255.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 31st. Evercore ISI boosted their price objective on shares of Apple to $260.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Monness Crespi & Hardt upped their target price on shares of Apple to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Jefferies Financial Group reissued an “underperform” rating on shares of Apple in a research note on Wednesday, February 19th. Finally, Maxim Group boosted their price objective on shares of Apple to $215.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Four equities 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.22.

Apple Price Performance

AAPL stock opened at $214.00 on Tuesday. The company’s 50-day moving average is $233.90 and its 200-day moving average is $233.71. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The stock has a market capitalization of $3.21 trillion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last posted its 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 research analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

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.