Sage Financial Management Group Inc. Has $880,000 Stock Position in Apple Inc. (NASDAQ:AAPL)

Sage Financial Management Group Inc. lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,513 shares of the iPhone maker’s stock after selling 65 shares during the quarter. Apple accounts for approximately 0.3% of Sage Financial Management Group Inc.’s holdings, making the stock its 28th largest holding. Sage Financial Management Group Inc.’s holdings in Apple were worth $880,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Drystone LLC acquired a new stake in Apple during the 4th quarter worth approximately $25,000. Bull Oak Capital LLC raised its holdings in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares during the period. Christopher J. Hasenberg Inc lifted its position in Apple by 88.9% in the 3rd 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 in the last quarter. SPX Gestao de Recursos Ltda acquired a new position in Apple in the 3rd quarter worth $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new position in Apple during the 3rd quarter worth about $77,000. 67.73% of the stock is currently owned by institutional investors.

Apple Stock Down 1.0 %

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

Apple (NASDAQ:AAPL) last issued 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 net margin of 24.30% and a return on equity of 160.83%. Analysts anticipate that Apple Inc. will post 7.28 EPS for the current 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 $0.25 dividend. The ex-dividend date of this dividend 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 15.87%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a report on Wednesday, February 19th. UBS Group raised their price target on shares of Apple to $236.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. Rosenblatt Securities reissued a “buy” rating and issued a $262.00 price objective on shares of Apple in a research report on Monday, January 27th. TD Cowen reaffirmed a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company boosted their price target on shares of Apple to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average target price of $243.65.

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.