TI Trust Inc. Sells 50 Shares of Apple Inc. (NASDAQ:AAPL)

TI Trust Inc. decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 0.8% in the fourth quarter, Holdings Channel reports. The fund owned 6,537 shares of the iPhone maker’s stock after selling 50 shares during the quarter. Apple makes up 1.1% of TI Trust Inc.’s holdings, making the stock its 23rd biggest holding. TI Trust Inc.’s holdings in Apple were worth $1,637,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Apple by 3.7% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 454,544 shares of the iPhone maker’s stock worth $113,827,000 after buying an additional 16,181 shares during the last quarter. ETF Portfolio Partners Inc. raised its stake in shares of Apple by 4.7% in the fourth quarter. ETF Portfolio Partners Inc. now owns 11,087 shares of the iPhone maker’s stock valued at $2,776,000 after acquiring an additional 500 shares during the period. Requisite Capital Management LLC bought a new stake in shares of Apple in the 4th quarter worth about $1,270,000. Navis Wealth Advisors LLC boosted its stake in shares of Apple by 2.6% during the 4th quarter. Navis Wealth Advisors LLC now owns 2,387 shares of the iPhone maker’s stock worth $598,000 after purchasing an additional 61 shares during the period. Finally, MKT Advisors LLC grew its holdings in Apple by 6.9% during the 4th quarter. MKT Advisors LLC now owns 13,754 shares of the iPhone maker’s stock valued at $3,163,000 after purchasing an additional 882 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on AAPL. Oppenheimer lowered Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Redburn Partners set a $230.00 price objective on Apple in a report on Friday, January 31st. Citigroup increased their target price on Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Loop Capital lowered shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 target price for the company. in a research note on Tuesday, January 21st. Finally, DA Davidson set a $290.00 price target on shares of Apple in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.65.

Apple Price Performance

NASDAQ AAPL opened at $215.24 on Thursday. The firm’s fifty day simple moving average is $232.76 and its two-hundred day simple moving average is $233.47. The firm has a market capitalization of $3.23 trillion, a P/E ratio of 34.17, a P/E/G ratio of 2.44 and a beta of 1.18. 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 12-month low of $164.08 and a 12-month high of $260.10.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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%. Analysts forecast 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. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. Apple’s payout ratio is 15.87%.

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.