Apple Inc. (NASDAQ:AAPL) is Accurate Wealth Management LLC’s 2nd Largest Position

Accurate Wealth Management LLC lessened its position in Apple Inc. (NASDAQ:AAPL) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 101,203 shares of the iPhone maker’s stock after selling 2,598 shares during the quarter. Apple makes up 4.6% of Accurate Wealth Management LLC’s investment portfolio, making the stock its 2nd largest holding. Accurate Wealth Management LLC’s holdings in Apple were worth $23,969,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bull Oak Capital LLC boosted its stake in shares of Apple by 252.3% in the third 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 worth approximately $42,000. Christopher J. Hasenberg Inc lifted 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 worth $69,000 after buying an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in Apple in the 3rd quarter valued at approximately $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple in the third quarter worth $77,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on AAPL shares. Rosenblatt Securities reiterated a “buy” rating and issued a $262.00 price objective on shares of Apple in a research note on Monday, January 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 price target on shares of Apple in a research report on Friday, January 31st. Monness Crespi & Hardt boosted their price objective on Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Apple in a research note on Wednesday, February 19th. Four 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $243.88.

Apple Stock Down 0.0 %

AAPL stock opened at $247.04 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10. The firm has a market capitalization of $3.71 trillion, a PE ratio of 39.21, a P/E/G ratio of 2.44 and a beta of 1.20. The company’s 50 day simple moving average is $240.26 and its 200-day simple moving average is $233.34.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 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%. Equities analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is 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.