West Bancorporation Inc. Sells 124 Shares of Apple Inc. (NASDAQ:AAPL)

West Bancorporation Inc. cut its position in Apple Inc. (NASDAQ:AAPL) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,927 shares of the iPhone maker’s stock after selling 124 shares during the quarter. Apple comprises about 2.5% of West Bancorporation Inc.’s portfolio, making the stock its 14th biggest holding. West Bancorporation Inc.’s holdings in Apple were worth $3,738,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. High Net Worth Advisory Group LLC increased its stake in Apple by 1.7% during the 3rd quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after acquiring an additional 1,066 shares during the period. Amara Financial LLC. bought a new position in shares of Apple in the third quarter worth $288,000. Sterling Investment Counsel LLC raised its stake in Apple by 3.8% in the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after purchasing an additional 2,565 shares in the last quarter. Silicon Valley Capital Partners grew its stake in Apple by 12.8% during the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock worth $59,122,000 after buying an additional 28,799 shares in the last quarter. Finally, Catalyst Financial Partners LLC increased its holdings in Apple by 4.2% in the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock valued at $22,505,000 after buying an additional 3,935 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Up 1.0 %

Shares of Apple stock opened at $223.85 on Friday. The stock’s 50-day moving average is $230.94 and its 200 day moving average is $233.28. Apple Inc. has a one year low of $164.08 and a one year high of $260.10. The firm has a market cap of $3.36 trillion, a price-to-earnings ratio of 35.53, a PEG ratio of 2.44 and a beta of 1.18. 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 posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Equities research analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AAPL. Sanford C. Bernstein increased their price target on shares of Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Rosenblatt Securities reiterated a “buy” rating and issued a $262.00 price target on shares of Apple in a research note on Monday, January 27th. Bank of America upped their price objective on Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Loop Capital cut Apple from a “buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a research report on Tuesday, January 21st. Finally, KeyCorp reissued an “underweight” rating and issued a $200.00 target price on shares of Apple in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average 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.