Apple Inc. (NASDAQ:AAPL) Holdings Decreased by Dixon Fnancial Services Inc.

Dixon Fnancial Services Inc. lowered its position in Apple Inc. (NASDAQ:AAPL) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,911 shares of the iPhone maker’s stock after selling 56 shares during the quarter. Apple makes up approximately 2.3% of Dixon Fnancial Services Inc.’s portfolio, making the stock its 6th biggest position. Dixon Fnancial Services Inc.’s holdings in Apple were worth $4,235,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bull Oak Capital LLC lifted its stake in shares of Apple by 252.3% in 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 last quarter. SPX Gestao de Recursos Ltda purchased a new position in Apple in the 3rd quarter worth approximately $71,000. Christopher J. Hasenberg Inc lifted its position in Apple by 88.9% in the third 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 last quarter. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple during the third quarter valued at approximately $77,000. Finally, ARK Investment Management LLC bought a new position in shares of Apple in the third quarter worth approximately $110,000. 67.73% of the stock is currently owned by institutional investors.

Apple Price Performance

AAPL opened at $218.27 on Monday. The firm has a market cap of $3.28 trillion, a PE ratio of 34.65, a P/E/G ratio of 2.44 and a beta of 1.18. The stock has a 50-day moving average price of $231.82 and a 200-day moving average price of $233.42. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. 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 (NASDAQ:AAPL) last issued 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 net margin of 24.30% and a return on equity of 160.83%. Sell-side analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Analysts Set New Price Targets

AAPL has been the subject of a number of recent analyst reports. Redburn Partners set a $230.00 price target on shares of Apple in a report on Friday, January 31st. Wells Fargo & Company upped their price objective on shares of Apple to $275.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Bank of America raised their target price on Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Argus raised Apple to a “strong-buy” rating in a research report on Friday, January 31st. Finally, Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective on the stock. in a research report on Tuesday, January 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.