Apple Inc. (NASDAQ:AAPL) Stock Holdings Lowered by Better Money Decisions LLC

Better Money Decisions LLC cut its position in Apple Inc. (NASDAQ:AAPL) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,541 shares of the iPhone maker’s stock after selling 1,295 shares during the quarter. Apple comprises 2.9% of Better Money Decisions LLC’s holdings, making the stock its 12th biggest position. Better Money Decisions LLC’s holdings in Apple were worth $4,142,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. AMF Tjanstepension AB raised its stake in shares of Apple by 21.1% during the third quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock valued at $787,631,000 after purchasing an additional 588,427 shares in the last quarter. Ritholtz Wealth Management increased its stake in Apple by 3.6% during the 3rd quarter. Ritholtz Wealth Management now owns 491,209 shares of the iPhone maker’s stock valued at $114,452,000 after buying an additional 17,284 shares during the period. Burns Matteson Capital Management LLC increased its stake in Apple by 6.2% during the 3rd quarter. Burns Matteson Capital Management LLC now owns 8,988 shares of the iPhone maker’s stock valued at $2,094,000 after buying an additional 528 shares during the period. Avondale Wealth Management raised its position in shares of Apple by 3.2% during the 3rd quarter. Avondale Wealth Management now owns 14,578 shares of the iPhone maker’s stock worth $3,397,000 after buying an additional 450 shares in the last quarter. Finally, HCR Wealth Advisors lifted its stake in shares of Apple by 0.5% in the 3rd quarter. HCR Wealth Advisors now owns 530,528 shares of the iPhone maker’s stock worth $123,613,000 after acquiring an additional 2,816 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Trading Up 1.9 %

Apple stock opened at $222.13 on Tuesday. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. 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 stock has a market cap of $3.34 trillion, a P/E ratio of 35.26, a P/E/G ratio of 2.44 and a beta of 1.18. The company’s fifty day simple moving average is $230.54 and its 200-day simple moving average is $233.42.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS 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%. As a group, sell-side analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed 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. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is presently 15.87%.

Analysts Set New Price Targets

Several equities research analysts recently commented on AAPL shares. UBS Group boosted their target price on Apple to $236.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Wells Fargo & Company boosted their price objective on Apple to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Barclays raised their target price on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Bank of America boosted their price target on shares of Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Maxim Group upped their price target on shares of Apple to $215.00 and gave the company a “hold” rating in a report on Friday, February 21st. Four research analysts have rated the stock with a sell rating, nine have issued 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.52.

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.