Apple Inc. (NASDAQ:AAPL) is Kingswood Wealth Advisors LLC’s Largest Position

Kingswood Wealth Advisors LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 15.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 283,858 shares of the iPhone maker’s stock after selling 53,023 shares during the period. Apple accounts for approximately 5.3% of Kingswood Wealth Advisors LLC’s portfolio, making the stock its largest holding. Kingswood Wealth Advisors LLC’s holdings in Apple were worth $71,084,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp grew its holdings in Apple by 10.6% in the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after buying an additional 55,935,105 shares during the period. FMR LLC grew its holdings in Apple by 5.3% in the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock valued at $84,779,231,000 after purchasing an additional 18,224,005 shares during the period. Geode Capital Management LLC grew its holdings in Apple by 6.5% in the third quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock valued at $77,542,863,000 after purchasing an additional 20,483,787 shares during the period. Charles Schwab Investment Management Inc. increased its position in Apple by 6.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock worth $22,121,656,000 after purchasing an additional 5,893,741 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in Apple by 20,372.7% during the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after purchasing an additional 93,886,664 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Up 1.2 %

NASDAQ:AAPL opened at $215.24 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The company has a market capitalization of $3.23 trillion, a price-to-earnings ratio of 34.17, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. Apple Inc. has a one year low of $164.08 and a one year high of $260.10. The stock has a 50-day simple moving average of $232.76 and a 200 day simple moving average of $233.47.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping 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%. Sell-side analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.46%. Apple’s payout ratio is 15.87%.

Analyst Ratings Changes

A number of research firms have recently commented on AAPL. UBS Group upped their price objective on Apple to $236.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Barclays upped their price target on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their price objective on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Raymond James increased their target price on shares of Apple to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 20th. Finally, KeyCorp reaffirmed an “underweight” rating and set a $200.00 price target on shares of Apple in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company 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.