Apple Inc. (NASDAQ:AAPL) is Wealth Management Partners LLC’s 3rd Largest Position

Wealth Management Partners LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,332 shares of the iPhone maker’s stock after selling 130 shares during the period. Apple accounts for 5.9% of Wealth Management Partners LLC’s investment portfolio, making the stock its 3rd biggest holding. Wealth Management Partners LLC’s holdings in Apple were worth $13,606,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. LPF Advisors LLC grew its stake in Apple by 60.1% in the 4th quarter. LPF Advisors LLC now owns 3,663 shares of the iPhone maker’s stock valued at $917,000 after buying an additional 1,375 shares in the last quarter. Community Bank of Raymore grew its stake in Apple by 2.0% in the 4th quarter. Community Bank of Raymore now owns 17,365 shares of the iPhone maker’s stock valued at $4,349,000 after buying an additional 337 shares in the last quarter. M.E. Allison & CO. Inc. purchased a new position in Apple in the 4th quarter valued at approximately $1,960,000. Wooster Corthell Wealth Management Inc. grew its stake in Apple by 1.9% in the 4th quarter. Wooster Corthell Wealth Management Inc. now owns 10,129 shares of the iPhone maker’s stock valued at $2,536,000 after buying an additional 187 shares in the last quarter. Finally, Thrive Wealth Management LLC grew its stake in Apple by 17.5% in the 4th quarter. Thrive Wealth Management LLC now owns 57,445 shares of the iPhone maker’s stock valued at $14,385,000 after buying an additional 8,565 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

AAPL has been the subject of a number of recent research reports. TD Cowen reiterated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Redburn Partners set a $230.00 price target on shares of Apple in a research report on Friday, January 31st. Bank of America boosted their price target on shares of Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Evercore ISI boosted their price target on shares of Apple to $260.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, Oppenheimer lowered shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.88.

Insiders Place Their Bets

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

Apple stock opened at $239.07 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $3.59 trillion, a PE ratio of 37.95, a P/E/G ratio of 2.44 and a beta of 1.18. The firm has a fifty day simple moving average of $237.56 and a two-hundred day simple moving average of $234.03. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings data 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 net margin of 24.30% and a return on equity of 160.83%. Research analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 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.