Strategic Wealth Investment Group LLC Sells 2,817 Shares of Apple Inc. (NASDAQ:AAPL)

Strategic Wealth Investment Group LLC reduced its position in Apple Inc. (NASDAQ:AAPL) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,030 shares of the iPhone maker’s stock after selling 2,817 shares during the period. Apple comprises 3.0% of Strategic Wealth Investment Group LLC’s investment portfolio, making the stock its 4th biggest position. Strategic Wealth Investment Group LLC’s holdings in Apple were worth $44,833,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AAPL. EMC Capital Management raised its position in Apple by 65.4% during the fourth quarter. EMC Capital Management now owns 1,475 shares of the iPhone maker’s stock worth $369,000 after acquiring an additional 583 shares during the last quarter. M Wealth Management LLC acquired a new stake in shares of Apple in the fourth quarter valued at approximately $2,078,000. Strategic Point Investment Advisors LLC increased its stake in shares of Apple by 14.3% during the 4th quarter. Strategic Point Investment Advisors LLC now owns 8,298 shares of the iPhone maker’s stock worth $2,078,000 after purchasing an additional 1,036 shares in the last quarter. RVW Wealth LLC raised its position in shares of Apple by 40.3% during the 4th quarter. RVW Wealth LLC now owns 118,321 shares of the iPhone maker’s stock worth $29,630,000 after purchasing an additional 33,993 shares during the last quarter. Finally, Crews Bank & Trust purchased a new stake in Apple in the 4th quarter valued at approximately $19,582,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wells Fargo & Company raised their price target on Apple to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Sanford C. Bernstein boosted their target price 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. Bank of America raised their price target on shares of Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Monness Crespi & Hardt boosted their price objective on shares of Apple to $245.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Moffett Nathanson restated a “sell” rating and set a $188.00 target price (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Four investment 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 company’s stock. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average target price of $243.65.

Apple Trading Down 1.0 %

NASDAQ:AAPL opened at $221.53 on Thursday. The business’s 50-day moving average is $231.03 and its two-hundred day moving average is $233.35. The firm has a market capitalization of $3.33 trillion, a PE ratio of 35.16, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

Apple (NASDAQ:AAPL) last announced 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%. Research analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date 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%.

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.