Refined Wealth Management Sells 57 Shares of Apple Inc. (NASDAQ:AAPL)

Refined Wealth Management lowered its position in Apple Inc. (NASDAQ:AAPL) by 0.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,728 shares of the iPhone maker’s stock after selling 57 shares during the period. Apple accounts for approximately 2.4% of Refined Wealth Management’s portfolio, making the stock its 13th largest position. Refined Wealth Management’s holdings in Apple were worth $3,187,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp grew its stake in Apple by 10.6% in the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after acquiring an additional 55,935,105 shares during the period. FMR LLC increased its stake in Apple by 5.3% during the 3rd quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after purchasing an additional 18,224,005 shares in the last quarter. Geode Capital Management LLC raised its holdings in Apple by 6.5% during the third quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock worth $77,542,863,000 after buying an additional 20,483,787 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Apple by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after buying an additional 5,893,741 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Apple by 20,372.7% during the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after buying an additional 93,886,664 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Apple Stock Performance

AAPL opened at $214.10 on Friday. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. The firm has a market capitalization of $3.22 trillion, a PE ratio of 33.98, a PEG ratio of 2.44 and a beta of 1.18. 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 firm’s 50-day moving average price is $232.19 and its 200 day moving average price is $233.33.

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

Apple Dividend Announcement

The firm also recently announced 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. 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 currently 15.87%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $262.00 price objective on shares of Apple in a report on Monday, January 27th. JPMorgan Chase & Co. upped their price objective on shares of Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Evercore ISI increased their price objective on shares of Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday. Wedbush restated an “outperform” rating and issued a $325.00 target price on shares of Apple in a research note on Friday, March 14th. Finally, Wells Fargo & Company increased their price target on Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Four equities research 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $243.65.

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.