Apple Inc. (NASDAQ:AAPL) is Sendero Wealth Management LLC’s 10th Largest Position

Sendero Wealth Management LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 12.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,904 shares of the iPhone maker’s stock after selling 8,095 shares during the quarter. Apple makes up about 2.1% of Sendero Wealth Management LLC’s holdings, making the stock its 10th largest position. Sendero Wealth Management LLC’s holdings in Apple were worth $13,999,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bull Oak Capital LLC boosted its holdings in shares of Apple by 252.3% in the 3rd 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. Hershey Financial Advisers LLC purchased a new stake in Apple in the second quarter valued at $42,000. Christopher J. Hasenberg Inc lifted its position in 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 during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in Apple in the third quarter valued at $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new position in shares of Apple during the third quarter worth about $77,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.06% of the stock is currently owned by insiders.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $237.30 on Friday. The company has a market cap of $3.56 trillion, a P/E ratio of 37.67, a P/E/G ratio of 2.44 and a beta of 1.20. The business has a fifty day simple moving average of $239.85 and a 200-day simple moving average of $233.42. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10. 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 posted its quarterly 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%. Equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is 15.87%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AAPL shares. Sanford C. Bernstein boosted their target price on Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. DA Davidson set a $290.00 price objective on Apple in a research note on Friday, January 31st. TD Cowen restated a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Raymond James lifted their target price on shares of Apple to $250.00 and gave the company a “buy” rating in a report on Monday, January 20th. Finally, JPMorgan Chase & Co. increased their price target on shares of Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Four 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 given a strong buy rating to the company. Based on data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $243.88.

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.