Spectrum Strategic Capital Management LLC Has $4.53 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Spectrum Strategic Capital Management LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,084 shares of the iPhone maker’s stock after selling 303 shares during the period. Apple makes up about 2.9% of Spectrum Strategic Capital Management LLC’s holdings, making the stock its 7th largest holding. Spectrum Strategic Capital Management LLC’s holdings in Apple were worth $4,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

AAPL has been the subject of several research analyst reports. Oppenheimer lowered Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a report on Wednesday, February 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $262.00 price objective on shares of Apple in a report on Monday, January 27th. UBS Group boosted their price target on Apple to $236.00 and gave the company a “hold” rating in a report on Tuesday, February 25th. Finally, Argus upgraded Apple to a “strong-buy” rating in a report on Friday, January 31st. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $243.65.

Apple Stock Performance

AAPL stock opened at $218.27 on Friday. The stock has a market capitalization of $3.28 trillion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. 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 stock’s 50 day simple moving average is $231.82 and its 200 day simple moving average is $233.26.

Apple (NASDAQ:AAPL) last announced 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%. As a group, research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date 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.