Taylor & Morgan Wealth Management LLC cut its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,224 shares of the iPhone maker's stock after selling 2,368 shares during the quarter. Apple accounts for about 5.0% of Taylor & Morgan Wealth Management LLC's holdings, making the stock its 5th biggest holding. Taylor & Morgan Wealth Management LLC's holdings in Apple were worth $7,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of AAPL. Bull Oak Capital LLC raised its holdings in 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 buying an additional 111 shares during the last quarter. Hershey Financial Advisers LLC bought a new stake in Apple during the 2nd quarter valued at $42,000. SPX Gestao de Recursos Ltda bought a new stake in Apple during the 3rd quarter valued at $71,000. Christopher J. Hasenberg Inc raised its holdings in Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock valued at $69,000 after buying an additional 144 shares during the last quarter. Finally, Teachers Insurance & Annuity Association of America bought a new stake in Apple during the 3rd quarter valued at $77,000. 67.73% of the stock is currently owned by institutional investors.
Apple Price Performance
Shares of AAPL traded down $0.19 during trading hours on Wednesday, hitting $235.74. 47,184,984 shares of the stock were exchanged, compared to its average volume of 53,560,264. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The stock's 50-day moving average price is $238.81 and its two-hundred day moving average price is $233.92. The company has a market cap of $3.54 trillion, a price-to-earnings ratio of 37.42, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10.
Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Research analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.
Apple Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. Apple's payout ratio is currently 15.87%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $262.00 price target on shares of Apple in a report on Monday, January 27th. DA Davidson set a $290.00 price objective on shares of Apple in a research report on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on shares of Apple from $260.00 to $270.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Morgan Stanley set a $275.00 price objective on shares of Apple in a research report on Tuesday, February 11th. Finally, Oppenheimer downgraded shares of Apple from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $243.88.
Read Our Latest Analysis on AAPL
Insider Buying and Selling
In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is currently owned by company insiders.
About Apple
(
Free Report)
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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