Reston Wealth Management LLC Reduces Stock Position in Apple Inc. (NASDAQ:AAPL)

Reston Wealth Management LLC reduced its position in Apple Inc. (NASDAQ:AAPL) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,299 shares of the iPhone maker’s stock after selling 158 shares during the quarter. Apple comprises approximately 0.4% of Reston Wealth Management LLC’s portfolio, making the stock its 20th biggest position. Reston Wealth Management LLC’s holdings in Apple were worth $1,076,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AAPL. Bull Oak Capital LLC boosted 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 valued at $36,000 after buying an additional 111 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple in the third quarter worth $71,000. Christopher J. Hasenberg Inc lifted its position 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 valued at $69,000 after acquiring an additional 144 shares in the last quarter. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple during the third quarter valued at $77,000. Finally, ARK Investment Management LLC acquired a new stake in Apple during the third quarter worth approximately $110,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Price Performance

Shares of AAPL stock opened at $223.75 on Wednesday. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10. 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 business’s 50 day moving average price is $231.35 and its 200-day moving average price is $233.43. The firm has a market cap of $3.36 trillion, a P/E ratio of 35.52, a P/E/G ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (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%. On average, equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued 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 yield of 0.45%. Apple’s dividend payout ratio is currently 15.87%.

Analysts Set New Price Targets

AAPL has been the topic of a number of recent analyst reports. Evercore ISI increased their price target on shares of Apple from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 18th. Needham & Company LLC restated a “buy” rating and issued a $260.00 target price on shares of Apple in a research note on Friday, January 31st. Barclays boosted their target price on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 target price for the company. in a report on Tuesday, January 21st. Finally, Argus upgraded shares of Apple to a “strong-buy” rating in a research note on Friday, January 31st. Four investment 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.