Landmark Wealth Management LLC Decreases Stock Position in Apple Inc. (NASDAQ:AAPL)

Landmark Wealth Management LLC lessened its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,575 shares of the iPhone maker’s stock after selling 293 shares during the period. Apple accounts for 1.2% of Landmark Wealth Management LLC’s investment portfolio, making the stock its 27th largest position. Landmark Wealth Management LLC’s holdings in Apple were worth $2,648,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AAPL. Bull Oak Capital LLC raised its holdings in Apple by 252.3% during the 3rd 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 during the period. SPX Gestao de Recursos Ltda purchased a new position in shares of Apple in the third quarter valued at $71,000. Christopher J. Hasenberg Inc raised its stake in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after purchasing an additional 144 shares during the period. Teachers Insurance & Annuity Association of America purchased a new stake in Apple during the 3rd quarter worth about $77,000. Finally, ARK Investment Management LLC bought a new position in Apple in the 3rd quarter worth about $110,000. Institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AAPL. DA Davidson set a $290.00 price target on shares of Apple in a report on Friday, January 31st. Citigroup upped their target price on shares of Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 31st. The Goldman Sachs Group reissued a “buy” rating on shares of Apple in a report on Wednesday, February 19th. Maxim Group upped their price target on shares of Apple to $215.00 and gave the stock a “hold” rating in a report on Friday, February 21st. Finally, Moffett Nathanson reissued a “sell” rating and set a $188.00 price objective (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average price target of $243.65.

Apple Trading Up 1.9 %

NASDAQ AAPL opened at $218.27 on Friday. The firm has a market cap 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 1-year low of $164.08 and a 1-year high of $260.10. The stock has a 50-day moving average of $231.82 and a 200-day moving average of $233.33. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

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 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, sell-side analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.46%. Apple’s payout ratio is currently 15.87%.

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.