Prism Advisors Inc. Sells 184 Shares of Apple Inc. (NASDAQ:AAPL)

Prism Advisors Inc. lowered its position in Apple Inc. (NASDAQ:AAPL) by 3.1% during the 4th quarter, Holdings Channel reports. The fund owned 5,718 shares of the iPhone maker’s stock after selling 184 shares during the period. Prism Advisors Inc.’s holdings in Apple were worth $1,432,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AAPL. International Assets Investment Management LLC lifted its holdings in shares of Apple by 20,372.7% in the 3rd 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 in the last quarter. State Street Corp raised its holdings in Apple by 10.6% during the third quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock worth $136,074,372,000 after buying an additional 55,935,105 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 buying an additional 20,483,787 shares in the last quarter. FMR LLC lifted its stake in shares of 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 buying an additional 18,224,005 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of 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 valued at $22,121,656,000 after buying an additional 5,893,741 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Price Performance

NASDAQ AAPL opened at $214.10 on Friday. The company has a market cap of $3.22 trillion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. 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 firm’s 50-day simple moving average is $232.19 and its two-hundred day simple moving average is $233.33. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Research analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is currently 15.87%.

Analysts Set New Price Targets

AAPL has been the topic of a number of analyst reports. Redburn Partners set a $230.00 target price on shares of Apple in a report on Friday, January 31st. DA Davidson set a $290.00 price objective on Apple in a research note on Friday, January 31st. Rosenblatt Securities restated a “buy” rating and issued a $262.00 target price on shares of Apple in a report on Monday, January 27th. TD Cowen reiterated a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Finally, Loop Capital cut Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective on the stock. in a research note on Tuesday, January 21st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently 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.