Prism Advisors Inc. Sells 184 Shares of Apple Inc. (NASDAQ:AAPL)

Prism Advisors Inc. cut its position in Apple Inc. (NASDAQ:AAPL) by 3.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,718 shares of the iPhone maker’s stock after selling 184 shares during the quarter. Prism Advisors Inc.’s holdings in Apple were worth $1,432,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AAPL. Valued Wealth Advisors LLC raised its position in shares of Apple by 8.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 4,260 shares of the iPhone maker’s stock valued at $1,067,000 after buying an additional 327 shares in the last quarter. Curran Financial Partners LLC raised its holdings in Apple by 3.6% in the 4th quarter. Curran Financial Partners LLC now owns 25,785 shares of the iPhone maker’s stock valued at $6,457,000 after acquiring an additional 895 shares in the last quarter. McLean Asset Management Corp lifted its position in shares of Apple by 16.9% during the 4th quarter. McLean Asset Management Corp now owns 61,386 shares of the iPhone maker’s stock valued at $15,372,000 after acquiring an additional 8,894 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Apple by 4.7% during the 4th quarter. Pacer Advisors Inc. now owns 1,540,955 shares of the iPhone maker’s stock worth $385,886,000 after purchasing an additional 69,698 shares in the last quarter. Finally, Two West Capital Advisors LLC increased its position in shares of Apple by 8.8% in the fourth quarter. Two West Capital Advisors LLC now owns 4,036 shares of the iPhone maker’s stock worth $1,011,000 after purchasing an additional 326 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AAPL shares. Moffett Nathanson reiterated a “sell” rating and set a $188.00 price objective (down from $202.00) on shares of Apple in a research note on Tuesday, January 7th. TD Cowen reiterated a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Loop Capital downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research report on Tuesday, January 21st. Evercore ISI raised their target price on Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, UBS Group boosted their price target on Apple to $236.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $243.65.

Apple Price Performance

AAPL stock opened at $214.10 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The firm has a market cap of $3.22 trillion, a price-to-earnings ratio of 33.98, a PEG ratio of 2.44 and a beta of 1.18. The company’s fifty day simple moving average is $232.19 and its 200 day simple moving average is $233.33. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10.

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

Apple Dividend Announcement

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

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.