Lake Hills Wealth Management LLC Sells 124 Shares of Apple Inc. (NASDAQ:AAPL)

Lake Hills Wealth Management LLC cut its stake in Apple Inc. (NASDAQ:AAPL) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,642 shares of the iPhone maker’s stock after selling 124 shares during the period. Apple accounts for approximately 1.8% of Lake Hills Wealth Management LLC’s portfolio, making the stock its 22nd largest position. Lake Hills Wealth Management LLC’s holdings in Apple were worth $2,665,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AAPL. Bull Oak Capital LLC increased its stake in shares of Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares in the last quarter. Hershey Financial Advisers LLC bought a new position in shares of Apple during the second quarter valued at approximately $42,000. Christopher J. Hasenberg Inc increased its stake in shares of Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after purchasing an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in shares of Apple during the third quarter valued at approximately $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple in the 3rd quarter worth approximately $77,000. 67.73% of the stock is owned by institutional investors.

Apple Price Performance

NASDAQ AAPL opened at $209.68 on Friday. 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 Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The stock has a market cap of $3.15 trillion, a price-to-earnings ratio of 33.28, a PEG ratio of 2.44 and a beta of 1.18. The company’s 50 day moving average is $235.12 and its two-hundred day moving average is $233.83.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.48%. Apple’s payout ratio is 15.87%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Raymond James lifted their price objective on Apple to $250.00 and gave the company a “buy” rating in a research note on Monday, January 20th. Monness Crespi & Hardt lifted their price target on Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Sanford C. Bernstein upped their price target on shares of Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Maxim Group raised their price objective on shares of Apple to $215.00 and gave the company a “hold” rating in a research note on Friday, February 21st. Finally, Wells Fargo & Company lifted their target price on shares of Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average price target of $243.22.

Insider Transactions at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction on 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. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

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.