Andina Capital Management LLC Lowers Holdings in Apple Inc. (NASDAQ:AAPL)

Andina Capital Management LLC trimmed its position in Apple Inc. (NASDAQ:AAPL) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,195 shares of the iPhone maker’s stock after selling 69 shares during the quarter. Andina Capital Management LLC’s holdings in Apple were worth $550,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Bull Oak Capital LLC lifted its stake in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in shares of Apple during the 3rd quarter worth $71,000. Christopher J. Hasenberg Inc lifted its stake in shares of Apple by 88.9% during 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 during the last quarter. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple during the 3rd quarter worth $77,000. Finally, ARK Investment Management LLC purchased a new stake in shares of Apple during the 3rd quarter worth $110,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of analyst reports. Sanford C. Bernstein upped their price objective on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Bank of America upped their target price on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company upped their target price on Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Apple in a research report on Wednesday, February 19th. Finally, DA Davidson set a $290.00 target price on Apple in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $243.65.

Apple Stock Down 0.6 %

Apple stock opened at $212.69 on Wednesday. The firm has a market cap of $3.20 trillion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10. The business’s 50-day moving average price is $233.31 and its 200 day moving average price is $233.60. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS 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%. As a group, sell-side analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given 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 yield of 0.47%. Apple’s dividend payout ratio is currently 15.87%.

Apple Company 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.