Apple Inc. (NASDAQ:AAPL) Stock Holdings Lowered by Key Client Fiduciary Advisors LLC

Key Client Fiduciary Advisors LLC lessened its stake in Apple Inc. (NASDAQ:AAPL) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,480 shares of the iPhone maker’s stock after selling 228 shares during the quarter. Apple comprises about 5.7% of Key Client Fiduciary Advisors LLC’s holdings, making the stock its 2nd largest holding. Key Client Fiduciary Advisors LLC’s holdings in Apple were worth $12,892,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Verde Capital Management boosted its position in Apple by 9.9% in the 4th quarter. Verde Capital Management now owns 7,152 shares of the iPhone maker’s stock valued at $1,791,000 after buying an additional 646 shares during the last quarter. Seros Financial LLC acquired a new position in shares of Apple in the fourth quarter worth about $1,484,000. Red Door Wealth Management LLC boosted its holdings in Apple by 13.3% in the fourth quarter. Red Door Wealth Management LLC now owns 136,889 shares of the iPhone maker’s stock valued at $34,280,000 after purchasing an additional 16,040 shares during the last quarter. Cedar Point Capital Partners LLC boosted its holdings in Apple by 0.8% in the fourth quarter. Cedar Point Capital Partners LLC now owns 6,805 shares of the iPhone maker’s stock valued at $1,704,000 after purchasing an additional 56 shares during the last quarter. Finally, Market Street Wealth Management Advisors LLC grew its stake in Apple by 15.0% during the 4th quarter. Market Street Wealth Management Advisors LLC now owns 14,065 shares of the iPhone maker’s stock valued at $3,522,000 after purchasing an additional 1,833 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Trading Up 1.8 %

NASDAQ:AAPL opened at $213.49 on Friday. The stock has a market cap of $3.21 trillion, a price-to-earnings ratio of 33.89, a PEG ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The business has a fifty day moving average of $234.52 and a 200-day moving average of $233.73.

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

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. 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 0.47%. Apple’s dividend payout ratio is presently 15.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AAPL shares. Sanford C. Bernstein upped their target price on Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Raymond James upped their price target on shares of Apple to $250.00 and gave the company a “buy” rating in a report on Monday, January 20th. Jefferies Financial Group reissued an “underperform” rating on shares of Apple in a report on Wednesday, February 19th. Barclays upped their target price on shares of Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Finally, Oppenheimer cut shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Four investment 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $243.22.

Insider Buying and Selling

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the 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 transaction, the chief operating officer now directly 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 SEC, which can be accessed through this hyperlink. 0.06% of the stock is owned by corporate 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.