Libra Wealth LLC Has $6.64 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Libra Wealth LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 26,502 shares of the iPhone maker’s stock after selling 1,308 shares during the period. Apple makes up approximately 2.6% of Libra Wealth LLC’s holdings, making the stock its 10th biggest holding. Libra Wealth LLC’s holdings in Apple were worth $6,637,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. O Connor Financial Group LLC increased its holdings in shares of Apple by 1.2% during the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock worth $896,000 after purchasing an additional 41 shares during the period. 1620 Investment Advisors Inc. increased its stake in Apple by 0.5% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock worth $2,249,000 after acquiring an additional 45 shares during the period. Carolina Wealth Advisors LLC raised its holdings in Apple by 1.3% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock valued at $813,000 after acquiring an additional 46 shares in the last quarter. Menard Financial Group LLC raised its holdings in Apple by 0.4% in the 3rd quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock valued at $2,848,000 after acquiring an additional 48 shares in the last quarter. Finally, Hanseatic Management Services Inc. lifted its position in shares of Apple by 1.3% during the 4th quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock valued at $945,000 after acquiring an additional 48 shares during the period. Institutional investors own 67.73% of the company’s stock.

Apple Stock Up 1.9 %

Shares of NASDAQ:AAPL opened at $218.27 on Monday. The firm has a market cap 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. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The business has a fifty day simple moving average of $231.82 and a 200 day simple moving average of $233.42. 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 data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AAPL shares. Bank of America boosted their price target on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, January 31st. DA Davidson set a $290.00 target price on shares of Apple in a research report on Friday, January 31st. Monness Crespi & Hardt increased their price target on shares of Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Oppenheimer downgraded shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Finally, Moffett Nathanson reaffirmed a “sell” rating and issued a $188.00 target price (down previously from $202.00) on shares of Apple in a report on Tuesday, January 7th. Four equities research 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company 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.