Apple Inc. (NASDAQ:AAPL) Shares Sold by Guerra Pan Advisors LLC

Guerra Pan Advisors LLC cut its position in Apple Inc. (NASDAQ:AAPL) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,911 shares of the iPhone maker’s stock after selling 175 shares during the quarter. Apple accounts for 3.1% of Guerra Pan Advisors LLC’s holdings, making the stock its 7th largest holding. Guerra Pan Advisors LLC’s holdings in Apple were worth $4,235,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Passive Capital Management LLC. boosted its holdings in Apple by 52.6% in the second quarter. Passive Capital Management LLC. now owns 4,244 shares of the iPhone maker’s stock valued at $894,000 after purchasing an additional 1,462 shares during the period. Alternative Investment Advisors LLC. purchased a new position in Apple in the second quarter valued at $1,151,000. Sage Advisors LLC boosted its holdings in Apple by 3.3% in the second quarter. Sage Advisors LLC now owns 44,403 shares of the iPhone maker’s stock valued at $9,352,000 after purchasing an additional 1,416 shares during the period. Ashburton Jersey Ltd purchased a new position in Apple in the second quarter valued at $15,855,000. Finally, Mattson Financial Services LLC purchased a new position in Apple in the second quarter valued at $7,371,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on AAPL. Morgan Stanley decreased their price target on Apple from $275.00 to $252.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Redburn Partners set a $230.00 price target on Apple in a report on Friday, January 31st. Oppenheimer downgraded Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $262.00 price target on shares of Apple in a report on Monday, January 27th. Finally, Wedbush reaffirmed an “outperform” rating and set a $325.00 price target on shares of Apple in a report on Friday, March 14th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $243.65.

Apple Stock Performance

NASDAQ AAPL opened at $212.69 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average is $233.31 and its two-hundred day moving average is $233.60. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The stock has a market capitalization of $3.20 trillion, a price-to-earnings ratio of 33.76, a PEG ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (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%. Research analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The firm also recently announced 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. This represents a $1.00 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is 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.