Barry Investment Advisors LLC Sells 4,542 Shares of Apple Inc. (NASDAQ:AAPL)

Barry Investment Advisors LLC cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 13.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,039 shares of the iPhone maker’s stock after selling 4,542 shares during the quarter. Apple comprises approximately 2.3% of Barry Investment Advisors LLC’s portfolio, making the stock its 11th biggest position. Barry Investment Advisors LLC’s holdings in Apple were worth $7,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Bull Oak Capital LLC boosted its stake in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. Christopher J. Hasenberg Inc boosted its stake in shares of Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after buying an additional 144 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new position in Apple in the third quarter worth about $71,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple during the 3rd quarter valued at about $77,000. Finally, ARK Investment Management LLC purchased a new stake in shares of Apple during the 3rd quarter valued at about $110,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the topic of a number of research reports. Argus raised shares of Apple to a “strong-buy” rating in a report on Friday, January 31st. Evercore ISI boosted their price objective on shares of Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday, March 18th. Wells Fargo & Company raised their target price on Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Wedbush reissued an “outperform” rating and set a $325.00 price target on shares of Apple in a report on Friday, March 14th. Finally, JPMorgan Chase & Co. raised their price objective on Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $243.65.

Apple Price Performance

AAPL stock opened at $218.27 on Monday. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10. The firm has a market capitalization of $3.28 trillion, a P/E ratio of 34.65, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a fifty day simple moving average of $231.82 and a two-hundred day simple moving average of $233.42. 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 announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently announced 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. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

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.