Wade Financial Advisory Inc Sells 209 Shares of Apple Inc. (NASDAQ:AAPL)

Wade Financial Advisory Inc trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,283 shares of the iPhone maker’s stock after selling 209 shares during the quarter. Apple makes up 1.4% of Wade Financial Advisory Inc’s investment portfolio, making the stock its 18th largest position. Wade Financial Advisory Inc’s holdings in Apple were worth $4,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in AAPL. AMF Tjanstepension AB lifted its stake in shares of Apple by 21.1% in the 3rd 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 during the period. Callan Family Office LLC lifted its stake in shares of Apple by 53.6% in the third quarter. Callan Family Office LLC now owns 73,507 shares of the iPhone maker’s stock worth $17,127,000 after buying an additional 25,653 shares in the last quarter. Cardinal Point Capital Management ULC raised its stake in shares of Apple by 0.9% in the third quarter. Cardinal Point Capital Management ULC now owns 28,702 shares of the iPhone maker’s stock worth $6,688,000 after purchasing an additional 245 shares during the last quarter. Williams & Novak LLC raised its holdings in shares of Apple by 14.4% during the third quarter. Williams & Novak LLC now owns 12,708 shares of the iPhone maker’s stock valued at $2,961,000 after purchasing an additional 1,604 shares during the last quarter. Finally, Axiom Advisory LLC grew its holdings in shares of Apple by 13.7% in the third quarter. Axiom Advisory LLC now owns 541,915 shares of the iPhone maker’s stock worth $120,952,000 after acquiring an additional 65,325 shares during the period. Institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AAPL. Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research note on Tuesday, January 21st. Redburn Partners set a $230.00 price objective on shares of Apple in a research report on Friday, January 31st. Oppenheimer cut shares of Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Wells Fargo & Company lifted their price target on shares of Apple to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Moffett Nathanson restated a “sell” rating and issued a $188.00 price target (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.65.

Apple Trading Up 1.1 %

Shares of NASDAQ:AAPL opened at $220.73 on Tuesday. The business’s 50 day moving average price is $231.54 and its 200-day moving average price is $233.41. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The firm has a market capitalization of $3.32 trillion, a price-to-earnings ratio of 35.04, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) 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, equities research analysts forecast that Apple Inc. will post 7.28 earnings per share 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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.

About Apple

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.