Alpha Financial Advisors LLC Cuts Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Alpha Financial Advisors LLC lowered its position in Apple Inc. (NASDAQ:AAPL) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,638 shares of the iPhone maker’s stock after selling 189 shares during the period. Apple comprises about 0.3% of Alpha Financial Advisors LLC’s portfolio, making the stock its 19th largest position. Alpha Financial Advisors LLC’s holdings in Apple were worth $661,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bull Oak Capital LLC grew its holdings in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. Christopher J. Hasenberg Inc boosted its position in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new position in Apple in the 3rd quarter valued at $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple during the 3rd quarter valued at $77,000. Finally, ARK Investment Management LLC bought a new stake in shares of Apple during the 3rd quarter worth $110,000. 67.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. DA Davidson set a $290.00 price objective on shares of Apple in a report on Friday, January 31st. Barclays upped their price objective on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Wedbush reissued an “outperform” rating and issued a $325.00 target price on shares of Apple in a research report on Friday. Moffett Nathanson reaffirmed a “sell” rating and set a $188.00 price target (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $260.00 price objective on shares of Apple in a report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $243.22.

Apple Stock Performance

Shares of AAPL opened at $214.00 on Tuesday. Apple Inc. has a one year low of $164.08 and a one year high of $260.10. The firm has a market capitalization of $3.21 trillion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a 50-day simple moving average of $233.90 and a two-hundred day simple moving average of $233.71. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

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

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.47%. Apple’s dividend payout ratio (DPR) is currently 15.87%.

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.