Solidarity Wealth LLC Has $40.31 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Solidarity Wealth LLC lowered its position in Apple Inc. (NASDAQ:AAPL) by 2.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 160,955 shares of the iPhone maker’s stock after selling 3,497 shares during the period. Apple accounts for about 10.5% of Solidarity Wealth LLC’s investment portfolio, making the stock its largest holding. Solidarity Wealth LLC’s holdings in Apple were worth $40,306,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions 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 buying an additional 111 shares in the last quarter. Hershey Financial Advisers LLC bought a new stake in shares of Apple in the 2nd quarter worth $42,000. SPX Gestao de Recursos Ltda bought a new stake in shares of Apple in the 3rd quarter worth $71,000. Christopher J. Hasenberg Inc increased its holdings in shares of Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares in the last quarter. Finally, Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple in the 3rd quarter worth $77,000. Institutional investors own 67.73% of the company’s stock.

Apple Stock Down 4.8 %

Shares of NASDAQ AAPL opened at $227.48 on Tuesday. 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 firm has a market capitalization of $3.42 trillion, a price-to-earnings ratio of 36.11, a PEG ratio of 2.44 and a beta of 1.18. The stock has a 50 day moving average price of $237.06 and a 200 day moving average price of $234.16. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results 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 return on equity of 160.83% and a net margin of 24.30%. Sell-side analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple’s payout ratio is 15.87%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AAPL. Morgan Stanley set a $275.00 target price on Apple in a report on Tuesday, February 11th. Raymond James lifted their target price on Apple to $250.00 and gave the stock a “buy” rating in a report on Monday, January 20th. KeyCorp reissued an “underweight” rating and issued a $200.00 target price on shares of Apple in a report on Friday, January 31st. TD Cowen reissued a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Finally, Wedbush reissued an “outperform” rating and issued a $325.00 target price on shares of Apple in a report on Monday, March 3rd. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $243.88.

Insider Activity at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the company’s 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 completion of the sale, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is owned by company 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.