Apple Inc. (NASDAQ:AAPL) Shares Sold by Evernest Financial Advisors LLC

Evernest Financial Advisors LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,802 shares of the iPhone maker's stock after selling 1,543 shares during the quarter. Apple makes up about 9.7% of Evernest Financial Advisors LLC's investment portfolio, making the stock its biggest position. Evernest Financial Advisors LLC's holdings in Apple were worth $37,514,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Drystone LLC purchased a new position in Apple during the fourth quarter valued at $25,000. Bull Oak Capital LLC boosted its holdings in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. Christopher J. Hasenberg Inc grew its position in shares of 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 bought a new stake in shares of Apple in the third quarter worth about $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple in the third quarter worth about $77,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wells Fargo & Company raised their price target on Apple to $275.00 and gave the company a "buy" rating in a report on Monday, December 9th. Rosenblatt Securities reiterated a "buy" rating and set a $262.00 target price on shares of Apple in a research report on Monday, January 27th. Argus upgraded shares of Apple to a "strong-buy" rating in a research report on Friday, January 31st. The Goldman Sachs Group reiterated a "buy" rating on shares of Apple in a research report on Wednesday, February 19th. Finally, Raymond James lifted their price objective on shares of Apple to $250.00 and gave the stock a "buy" rating in a research note on Monday, January 20th. Four equities 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. According to MarketBeat, Apple presently has an average rating of "Moderate Buy" and an average target price of $245.52.

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Apple Stock Down 2.7 %

NASDAQ AAPL traded down $5.95 on Friday, reaching $217.90. 39,775,695 shares of the stock traded hands, compared to its average volume of 54,852,651. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The company has a market cap of $3.27 trillion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.44 and a beta of 1.18. The company has a fifty day moving average price of $230.70 and a 200-day moving average price of $233.35. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

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

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Monday, February 10th. Apple's dividend 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.