Signature Wealth Management Partners LLC Sells 75 Shares of Apple Inc. (NASDAQ:AAPL)

Signature Wealth Management Partners LLC lowered its stake in Apple Inc. (NASDAQ:AAPL) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,953 shares of the iPhone maker’s stock after selling 75 shares during the period. Apple makes up 9.1% of Signature Wealth Management Partners LLC’s holdings, making the stock its biggest holding. Signature Wealth Management Partners LLC’s holdings in Apple were worth $13,261,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bull Oak Capital LLC lifted its position in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares during the last quarter. Christopher J. Hasenberg Inc lifted its holdings in shares of Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in shares of Apple in the 3rd quarter valued at approximately $71,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple in the 3rd quarter valued at approximately $77,000. Finally, ARK Investment Management LLC acquired a new position in Apple during the 3rd quarter worth approximately $110,000. Institutional investors own 67.73% of the company’s stock.

Apple Trading Up 1.9 %

NASDAQ:AAPL opened at $218.27 on Monday. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $3.28 trillion, a price-to-earnings ratio of 34.65, a PEG ratio of 2.44 and a beta of 1.18. The firm has a fifty day simple moving average of $231.82 and a two-hundred day simple moving average of $233.42.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 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 expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued 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 dividend yield of 0.46%. Apple’s dividend payout ratio is 15.87%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Argus upgraded shares of Apple to a “strong-buy” rating in a research report on Friday, January 31st. Bank of America raised their price objective on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 31st. 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. JPMorgan Chase & Co. lifted their price target on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, UBS Group upped their price objective on Apple to $236.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. Four equities research analysts have rated the stock with a sell rating, ten have assigned 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, the stock currently has a consensus rating of “Moderate Buy” and an average 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.