KFA Private Wealth Group LLC Reduces Position in Apple Inc. (NASDAQ:AAPL)

KFA Private Wealth Group LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,968 shares of the iPhone maker’s stock after selling 413 shares during the period. Apple comprises approximately 1.6% of KFA Private Wealth Group LLC’s investment portfolio, making the stock its 16th biggest position. KFA Private Wealth Group LLC’s holdings in Apple were worth $3,748,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bull Oak Capital LLC raised its stake in shares of 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 acquiring an additional 111 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new stake in shares of Apple during the third quarter valued at approximately $71,000. Christopher J. Hasenberg Inc raised its stake in shares of 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 acquiring an additional 144 shares in the last quarter. Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple during the third quarter valued at approximately $77,000. Finally, ARK Investment Management LLC bought a new stake in shares of Apple during the third quarter valued at approximately $110,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Price Performance

Shares of AAPL opened at $218.27 on Friday. The firm 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. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a 1-year low of $164.08 and a 1-year high of $260.10. The company’s fifty day moving average price is $231.82 and its 200-day moving average price is $233.33.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, equities research analysts predict that Apple Inc. will post 7.28 EPS 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 $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.46%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is 15.87%.

Analyst Ratings Changes

Several analysts have recently weighed in on AAPL shares. TD Cowen reaffirmed a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Wells Fargo & Company boosted their price objective on shares of Apple to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. DA Davidson set a $290.00 price objective on shares of Apple in a research note on Friday, January 31st. Redburn Partners set a $230.00 price objective on shares of Apple in a research note on Friday, January 31st. Finally, Maxim Group boosted their price objective on shares of Apple to $215.00 and gave the stock a “hold” rating in a research note on Friday, February 21st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.65.

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.