Apple Inc. (NASDAQ:AAPL) Stock Position Trimmed by Enclave Advisors LLC

Enclave Advisors LLC cut its position in Apple Inc. (NASDAQ:AAPL) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,298 shares of the iPhone maker’s stock after selling 2,479 shares during the quarter. Apple comprises 2.0% of Enclave Advisors LLC’s holdings, making the stock its 13th biggest position. Enclave Advisors LLC’s holdings in Apple were worth $12,095,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Wall Street Financial Group Inc. lifted its stake in shares of Apple by 29.4% in the 4th quarter. Wall Street Financial Group Inc. now owns 3,101 shares of the iPhone maker’s stock worth $777,000 after acquiring an additional 704 shares during the period. Atomi Financial Group Inc. lifted its stake in shares of Apple by 21.7% in the 4th quarter. Atomi Financial Group Inc. now owns 324,005 shares of the iPhone maker’s stock worth $81,137,000 after acquiring an additional 57,741 shares during the period. Great Waters Wealth Management lifted its stake in shares of Apple by 1.9% in the 4th quarter. Great Waters Wealth Management now owns 37,275 shares of the iPhone maker’s stock worth $9,334,000 after acquiring an additional 686 shares during the period. Monterey Private Wealth Inc. lifted its stake in shares of Apple by 1.0% in the 4th quarter. Monterey Private Wealth Inc. now owns 78,478 shares of the iPhone maker’s stock worth $19,652,000 after acquiring an additional 794 shares during the period. Finally, Transform Wealth LLC lifted its stake in shares of Apple by 9.0% in the 4th quarter. Transform Wealth LLC now owns 293,349 shares of the iPhone maker’s stock worth $73,460,000 after acquiring an additional 24,316 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on AAPL shares. Morgan Stanley set a $275.00 price target on shares of Apple in a research note on Tuesday, February 11th. Wedbush reaffirmed an “outperform” rating and issued a $325.00 price target on shares of Apple in a research note on Monday, March 3rd. Redburn Partners set a $230.00 target price on shares of Apple in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on shares of Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Moffett Nathanson reiterated a “sell” rating and issued a $188.00 target price (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.88.

Apple Trading Down 4.8 %

Shares of AAPL stock opened at $227.48 on Tuesday. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The firm has a fifty day moving average of $237.06 and a 200-day moving average of $234.16. 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 stock has a market cap of $3.42 trillion, a price-to-earnings ratio of 36.11, a P/E/G ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping 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%. On average, equities research analysts forecast that Apple Inc. will post 7.28 earnings per share 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 $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Insider Activity

In other news, COO Jeffrey E. Williams sold 100,000 shares of the firm’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 transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $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. Insiders own 0.06% of the company’s stock.

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.