Apple Inc. (NASDAQ:AAPL) Stock Holdings Cut by Rockline Wealth Management LLC

Rockline Wealth Management LLC cut its holdings in Apple Inc. (NASDAQ:AAPL) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 147,928 shares of the iPhone maker’s stock after selling 1,099 shares during the quarter. Apple accounts for 9.9% of Rockline Wealth Management LLC’s investment portfolio, making the stock its 2nd largest position. Rockline Wealth Management LLC’s holdings in Apple were worth $37,044,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Drystone LLC purchased a new position in shares of Apple in the fourth quarter worth about $25,000. Bull Oak Capital LLC boosted its position in shares of 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 acquiring an additional 111 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in shares of Apple in the third quarter valued at about $71,000. Teachers Insurance & Annuity Association of America acquired a new stake in Apple during the third quarter worth about $77,000. Finally, ARK Investment Management LLC purchased a new position in Apple during the third quarter worth about $110,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Performance

Shares of AAPL stock opened at $223.89 on Thursday. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The stock’s 50-day moving average price is $230.55 and its 200 day moving average price is $233.36. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $3.36 trillion, a PE ratio of 35.54, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

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. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Analyst Ratings Changes

Several analysts have recently weighed in on AAPL shares. Argus raised shares of Apple to a “strong-buy” rating in a research note on Friday, January 31st. Citigroup increased their price objective on Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Bank of America lifted their target price on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Needham & Company LLC restated a “buy” rating and set a $260.00 price target on shares of Apple in a research note on Friday, January 31st. Finally, Barclays increased their target price on shares of Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average price target of $245.52.

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.