Future Financial Wealth Managment LLC Sells 499 Shares of Apple Inc. (NASDAQ:AAPL)

Future Financial Wealth Managment LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,739 shares of the iPhone maker’s stock after selling 499 shares during the quarter. Apple makes up approximately 1.8% of Future Financial Wealth Managment LLC’s investment portfolio, making the stock its 13th largest position. Future Financial Wealth Managment LLC’s holdings in Apple were worth $2,439,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bull Oak Capital LLC increased its position 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 purchasing an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new stake in Apple during the 2nd quarter valued at approximately $42,000. SPX Gestao de Recursos Ltda acquired a new stake in Apple during the 3rd quarter valued at approximately $71,000. Christopher J. Hasenberg Inc increased its position 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 purchasing an additional 144 shares during the period. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in Apple during the 3rd quarter valued at approximately $77,000. Institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AAPL. StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. UBS Group reissued a “neutral” rating and set a $236.00 target price on shares of Apple in a research report on Monday, December 2nd. Rosenblatt Securities reissued a “buy” rating and set a $262.00 target price on shares of Apple in a research report on Monday, January 27th. Barclays increased their target price on shares of Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. Finally, Raymond James raised their price objective on shares of Apple to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 20th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $242.52.

Insider Transactions at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of Apple 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 sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $245.55 on Friday. 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 stock’s fifty day simple moving average is $240.47 and its two-hundred day simple moving average is $232.55. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10. The stock has a market cap of $3.69 trillion, a PE ratio of 38.98, a price-to-earnings-growth ratio of 2.43 and a beta of 1.20.

Apple (NASDAQ:AAPL) last issued 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 return on equity of 160.83% and a net margin of 24.30%. As a group, analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders 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 0.41%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is 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.