Mine & Arao Wealth Creation & Management LLC. Sells 1,906 Shares of Apple Inc. (NASDAQ:AAPL)

Mine & Arao Wealth Creation & Management LLC. lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 2.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,357 shares of the iPhone maker’s stock after selling 1,906 shares during the period. Apple makes up 10.4% of Mine & Arao Wealth Creation & Management LLC.’s holdings, making the stock its 4th biggest holding. Mine & Arao Wealth Creation & Management LLC.’s holdings in Apple were worth $22,627,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Drystone LLC purchased a new position in shares of Apple in the 4th quarter valued at about $25,000. Bull Oak Capital LLC raised its holdings in 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 acquiring an additional 111 shares in the last quarter. Christopher J. Hasenberg Inc lifted its stake in 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 position in Apple during the 3rd quarter worth approximately $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple in the 3rd quarter valued at approximately $77,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AAPL shares. Loop Capital cut shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research report on Tuesday, January 21st. KeyCorp reaffirmed an “underweight” rating and set a $200.00 price target on shares of Apple in a report on Friday, January 31st. Wedbush reiterated an “outperform” rating and issued a $325.00 price objective on shares of Apple in a report on Friday, March 14th. Raymond James boosted their target price on Apple to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 20th. Finally, Sanford C. Bernstein increased their price target on shares of Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $243.65.

Apple Trading Down 1.0 %

Shares of Apple stock opened at $221.53 on Thursday. The firm has a market cap of $3.33 trillion, a price-to-earnings ratio of 35.16, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The company’s 50-day simple moving average is $231.03 and its 200-day simple moving average is $233.35. 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 released 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%. As a group, equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is 15.87%.

About Apple

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.