Johnson & White Wealth Management LLC Has $5.14 Million Position in Apple Inc. (NASDAQ:AAPL)

Johnson & White Wealth Management LLC trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 21,065 shares of the iPhone maker’s stock after selling 142 shares during the quarter. Apple comprises about 3.1% of Johnson & White Wealth Management LLC’s portfolio, making the stock its 10th biggest holding. Johnson & White Wealth Management LLC’s holdings in Apple were worth $5,137,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. High Net Worth Advisory Group LLC boosted its holdings in shares of Apple by 1.7% during the 3rd quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock valued at $14,916,000 after acquiring an additional 1,066 shares in the last quarter. Amara Financial LLC. bought a new position in Apple in the third quarter valued at about $288,000. Granite Investment Partners LLC boosted its stake in shares of Apple by 2.7% during the second quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker’s stock valued at $60,958,000 after purchasing an additional 7,606 shares in the last quarter. Truist Financial Corp grew its holdings in shares of Apple by 1.8% during the second quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock worth $1,473,224,000 after purchasing an additional 126,210 shares during the last quarter. Finally, Sterling Investment Counsel LLC grew its holdings in shares of Apple by 3.8% during the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock worth $16,269,000 after purchasing an additional 2,565 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple Trading Down 0.1 %

NASDAQ AAPL opened at $245.55 on Monday. The firm has a market capitalization of $3.69 trillion, a P/E ratio of 38.98, a PEG ratio of 2.44 and a beta of 1.20. The business has a fifty day simple moving average of $240.47 and a 200 day simple moving average of $232.88. Apple Inc. has a 12 month low of $164.07 and a 12 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.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) 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%. On average, analysts predict 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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio is presently 15.87%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Maxim Group upped their price objective on Apple to $215.00 and gave the company a “hold” rating in a research note on Friday. UBS Group set a $270.00 price objective on Apple in a research note on Friday, January 31st. Raymond James upped their price objective on Apple to $250.00 and gave the company a “buy” rating in a research note on Monday, January 20th. Moffett Nathanson reaffirmed a “sell” rating and issued a $188.00 price objective (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 price objective on shares of Apple in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.85.

Insider Buying and Selling

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 stock was 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 owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is currently owned by insiders.

Apple 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.