TLW Wealth Management LLC Sells 401 Shares of Apple Inc. (NASDAQ:AAPL)

TLW Wealth Management LLC decreased its stake in Apple Inc. (NASDAQ:AAPL) by 0.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 55,544 shares of the iPhone maker’s stock after selling 401 shares during the quarter. Apple makes up approximately 8.3% of TLW Wealth Management LLC’s investment portfolio, making the stock its 5th largest position. TLW Wealth Management LLC’s holdings in Apple were worth $13,909,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bull Oak Capital LLC increased its position in shares of 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 buying an additional 111 shares in the last quarter. Christopher J. Hasenberg Inc lifted its holdings in Apple by 88.9% during the third 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. SPX Gestao de Recursos Ltda acquired a new stake in shares of Apple in the third quarter valued at about $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple during the third quarter worth about $77,000. Finally, ARK Investment Management LLC acquired a new position in shares of Apple during the 3rd quarter worth about $110,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on AAPL. Monness Crespi & Hardt lifted their price objective on Apple to $245.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Morgan Stanley dropped their price target on Apple from $275.00 to $252.00 and set an “overweight” rating for the company in a research report on Wednesday, March 12th. The Goldman Sachs Group restated a “buy” rating on shares of Apple in a report on Wednesday, February 19th. UBS Group upped their target price on shares of Apple to $236.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Finally, Wells Fargo & Company increased their price objective on shares of Apple to $275.00 and gave the company a “buy” rating in a report on Monday, December 9th. 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 given a strong buy rating to the stock. According to data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average price target of $243.65.

Apple Price Performance

Shares of AAPL opened at $223.75 on Wednesday. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10. The firm’s 50 day moving average price is $231.35 and its 200 day moving average price is $233.43. 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 market cap of $3.36 trillion, a P/E ratio of 35.52, a PEG ratio of 2.44 and a beta of 1.18.

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

Apple Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 0.45%. Apple’s payout ratio is currently 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.