Ibex Wealth Advisors Has $31.90 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Ibex Wealth Advisors cut its position in Apple Inc. (NASDAQ:AAPL) by 53.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 127,368 shares of the iPhone maker’s stock after selling 146,494 shares during the quarter. Apple accounts for about 3.8% of Ibex Wealth Advisors’ holdings, making the stock its 4th biggest holding. Ibex Wealth Advisors’ holdings in Apple were worth $31,896,000 at the end of the most recent reporting period.

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

Apple Stock Up 1.1 %

NASDAQ:AAPL opened at $220.73 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The firm’s 50-day moving average price is $231.54 and its 200-day moving average price is $233.41. The company has a market capitalization of $3.32 trillion, a PE ratio of 35.04, a P/E/G 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.

Apple (NASDAQ:AAPL) last released 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 analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors 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 dividend yield of 0.45%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Analysts Set New Price Targets

AAPL has been the subject of a number of analyst reports. TD Cowen reissued a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Oppenheimer lowered shares of Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $262.00 target price on shares of Apple in a research report on Monday, January 27th. Wells Fargo & Company boosted their target price on Apple to $275.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating on shares of Apple in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $243.65.

Apple 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.