Apple Inc. (NASDAQ:AAPL) is Octavia Wealth Advisors LLC's 4th Largest Position

Octavia Wealth Advisors LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,158 shares of the iPhone maker's stock after selling 1,816 shares during the quarter. Apple comprises 5.9% of Octavia Wealth Advisors LLC's investment portfolio, making the stock its 4th largest holding. Octavia Wealth Advisors LLC's holdings in Apple were worth $48,371,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. O Connor Financial Group LLC increased its stake in shares of Apple by 1.2% in the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker's stock worth $896,000 after buying an additional 41 shares during the last quarter. 1620 Investment Advisors Inc. increased its stake in shares of Apple by 0.5% in the third quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker's stock worth $2,249,000 after buying an additional 45 shares during the last quarter. Carolina Wealth Advisors LLC increased its stake in shares of Apple by 1.3% in the third quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker's stock worth $813,000 after buying an additional 46 shares during the last quarter. Menard Financial Group LLC increased its stake in shares of Apple by 0.4% in the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker's stock worth $2,848,000 after buying an additional 48 shares during the last quarter. Finally, Hanseatic Management Services Inc. increased its stake in shares of Apple by 1.3% in the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker's stock worth $945,000 after buying an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Apple Stock Performance

NASDAQ:AAPL opened at $220.84 on Wednesday. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The company has a 50-day moving average of $236.47 and a 200-day moving average of $234.12. The firm has a market cap of $3.32 trillion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

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Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, February 10th. Apple's payout ratio is 15.87%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Apple from $260.00 to $270.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Evercore ISI boosted their target price on shares of Apple to $260.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Loop Capital lowered shares of Apple from a "buy" rating to a "hold" rating and set a $230.00 target price for the company. in a research note on Tuesday, January 21st. KeyCorp reiterated an "underweight" rating and set a $200.00 target price on shares of Apple in a research note on Friday, January 31st. Finally, Argus upgraded shares of Apple to a "strong-buy" rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $243.88.

Insiders Place Their Bets

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.06% of the company's stock.

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.

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