Apple Inc. (NASDAQ:AAPL) Shares Sold by Monument Group Wealth Advisors LLC

Monument Group Wealth Advisors LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 32.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,124 shares of the iPhone maker's stock after selling 2,012 shares during the quarter. Apple comprises about 0.7% of Monument Group Wealth Advisors LLC's holdings, making the stock its 12th largest position. Monument Group Wealth Advisors LLC's holdings in Apple were worth $1,033,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bull Oak Capital LLC boosted its holdings in shares of Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after purchasing an additional 111 shares in the last quarter. Hershey Financial Advisers LLC purchased a new position in shares of Apple in the 2nd quarter worth about $42,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Apple in the 3rd quarter worth about $71,000. Christopher J. Hasenberg Inc boosted its holdings in shares of Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock worth $69,000 after purchasing an additional 144 shares in the last quarter. Finally, Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple in the 3rd quarter valued at about $77,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on AAPL. The Goldman Sachs Group reissued a "buy" rating on shares of Apple in a research note on Wednesday, February 19th. Barclays boosted 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. Sanford C. Bernstein boosted their target price on Apple from $240.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Moffett Nathanson reissued a "sell" rating and issued a $188.00 target price (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Finally, Raymond James upped their price target on Apple to $250.00 and gave the company a "buy" rating in a research report on Monday, January 20th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Apple has a consensus rating of "Moderate Buy" and a consensus price target of $243.88.

Apple Price Performance

AAPL stock traded down $0.19 on Wednesday, reaching $235.74. The company had a trading volume of 47,184,984 shares, compared to its average volume of 53,560,264. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. 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 company's fifty day moving average is $238.81 and its 200 day moving average is $233.92. The company has a market cap of $3.54 trillion, a P/E ratio of 37.42, a PEG ratio of 2.44 and a beta of 1.20.

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, 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%. On average, research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared 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 dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, February 10th. Apple's dividend payout ratio is presently 15.87%.

Insiders Place Their Bets

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares of the company's stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The sale was disclosed in a document filed 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.