Wade Financial Advisory Inc Has $4.08 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Wade Financial Advisory Inc lowered its position in Apple Inc. (NASDAQ:AAPL) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,283 shares of the iPhone maker’s stock after selling 209 shares during the quarter. Apple makes up approximately 1.4% of Wade Financial Advisory Inc’s holdings, making the stock its 18th biggest position. Wade Financial Advisory Inc’s holdings in Apple were worth $4,077,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Bull Oak Capital LLC boosted its stake 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 acquiring an additional 111 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in shares of Apple during the 3rd quarter valued at about $71,000. Christopher J. Hasenberg Inc raised its stake in Apple by 88.9% during 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 in the last quarter. Teachers Insurance & Annuity Association of America bought a new stake in Apple during the third quarter worth about $77,000. Finally, ARK Investment Management LLC bought a new stake in shares of Apple during the third quarter worth $110,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Performance

NASDAQ AAPL opened at $220.73 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The company has a 50-day simple moving average of $231.54 and a 200 day simple moving average of $233.41. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The company has a market capitalization of $3.32 trillion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last posted 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 return on equity of 160.83% and a net margin of 24.30%. On average, research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AAPL. Monness Crespi & Hardt lifted their price target on Apple to $245.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Wedbush reaffirmed an “outperform” rating and issued a $325.00 price target on shares of Apple in a research note on Friday, March 14th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $262.00 price objective on shares of Apple in a research report on Monday, January 27th. DA Davidson set a $290.00 target price on Apple in a report on Friday, January 31st. Finally, Wells Fargo & Company lifted their price objective on shares of Apple to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Four analysts have rated the stock with a sell rating, ten have assigned 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 MarketBeat.com, the company currently 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.