Jeppson Wealth Management LLC Sells 593 Shares of Apple Inc. (NASDAQ:AAPL)

Jeppson Wealth Management LLC cut its stake in Apple Inc. (NASDAQ:AAPL) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 99,288 shares of the iPhone maker’s stock after selling 593 shares during the period. Apple makes up 9.0% of Jeppson Wealth Management LLC’s holdings, making the stock its largest position. Jeppson Wealth Management LLC’s holdings in Apple were worth $24,864,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bull Oak Capital LLC lifted its position in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new position in Apple in the third quarter valued at $71,000. Christopher J. Hasenberg Inc increased its stake in Apple by 88.9% in the 3rd 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 last quarter. Teachers Insurance & Annuity Association of America bought a new stake in Apple during the 3rd quarter worth about $77,000. Finally, ARK Investment Management LLC acquired a new position in shares of Apple during the 3rd quarter worth about $110,000. Institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

NASDAQ AAPL opened at $218.27 on Friday. The firm has a 50-day moving average price of $231.82 and a two-hundred day moving average price of $233.33. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The company has a market capitalization of $3.28 trillion, a P/E ratio of 34.65, a P/E/G ratio of 2.44 and a beta of 1.18. 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 issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating 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%. Analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently announced 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. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. Apple’s payout ratio is 15.87%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AAPL. Raymond James upped their target price on Apple to $250.00 and gave the stock a “buy” rating in a report on Monday, January 20th. KeyCorp reiterated an “underweight” rating and set a $200.00 price objective on shares of Apple in a research note on Friday, January 31st. Bank of America raised their target price on shares of Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Wells Fargo & Company upped their price target on shares of Apple to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $260.00 price objective on shares of Apple in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple has an average 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.