Heartwood Wealth Advisors LLC Sells 1,280 Shares of Apple Inc. (NASDAQ:AAPL)

Heartwood Wealth Advisors LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,587 shares of the iPhone maker’s stock after selling 1,280 shares during the period. Heartwood Wealth Advisors LLC’s holdings in Apple were worth $5,155,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its position in Apple by 2.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 85,716 shares of the iPhone maker’s stock valued at $21,465,000 after purchasing an additional 2,141 shares during the period. ORG Wealth Partners LLC raised its stake in Apple by 2.6% during the 4th quarter. ORG Wealth Partners LLC now owns 15,696 shares of the iPhone maker’s stock valued at $3,931,000 after buying an additional 393 shares during the last quarter. Ridgewood Investments LLC lifted its holdings in shares of Apple by 31.7% during the 4th quarter. Ridgewood Investments LLC now owns 3,852 shares of the iPhone maker’s stock valued at $965,000 after buying an additional 927 shares during the period. ORG Partners LLC boosted its stake in shares of Apple by 6.4% in the 4th quarter. ORG Partners LLC now owns 47,326 shares of the iPhone maker’s stock worth $11,857,000 after buying an additional 2,847 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC grew its holdings in shares of Apple by 3.2% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 25,382 shares of the iPhone maker’s stock worth $6,356,000 after acquiring an additional 783 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Apple Trading Up 0.2 %

Shares of AAPL stock opened at $244.87 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. The stock has a market capitalization of $3.68 trillion, a price-to-earnings ratio of 38.87, a price-to-earnings-growth ratio of 2.43 and a beta of 1.20. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The stock’s 50-day moving average price is $240.56 and its 200-day moving average price is $232.20.

Apple (NASDAQ:AAPL) last released its quarterly earnings data 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 predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is 15.87%.

Insider Buying and Selling at Apple

In other news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Moffett Nathanson reissued a “sell” rating and issued a $188.00 target price (down previously from $202.00) on shares of Apple in a report on Tuesday, January 7th. The Goldman Sachs Group increased their price objective on shares of Apple from $280.00 to $294.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Maxim Group boosted their target price on shares of Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $262.00 price target on shares of Apple in a research report on Monday, January 27th. Finally, Barclays lifted their price target on shares of Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $242.52.

About Apple

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.